Latest Income Tax News, Updates & Judgments

Begin typing your search above and press return to search.

Home
»
Income Tax

Need to Restore an Old PAN? Here’s What the Madras HC Directed the Income Tax Dept to Do [Read Order]

Do you want to restore your old PAN (Permanent Account Number)? You may have this question about how to do the same if the income tax department did...

PCIT cannot Revise 80P Deduction on Bank Interest if AO Assessment not Erroneous or Prejudicial to...

Escrow FD Interest of ₹48.08 Lakh Held Taxable, as Deduction u/s 57 Not Allowable Without...

Charging Franchise Fee by Educational Society is Incidental Activity, Not Commercial Venture: Delhi...

Notices Issued to Senior Execs Earning Over Rs. 50 Lakh for Alleged Misuse of Income Tax Exemptions

Income Tax Reassessment Based Solely on Audit Objection After Scrutiny is Change of Opinion: Delhi HC [Read Order]

In a recent ruling, the Delhi High Court held that income tax reassessment initiated solely on the basis of an audit objection, after the issue was already examined in a scrutiny assessment,...

Income Tax Dept Alert: Fraudsters Target Taxpayers with Fake Refund Delay Messages

Fraudsters are exploiting taxpayers’ urgency by impersonating Income Tax Department officials through fake emails, phone calls, and SMS messages. These phony communications push victims toward...

TDS Refund cannot be Indefinitely Delayed after Success in Appeal: Jharkhand HC Orders Time-Bound Action by Income Tax Authorities [Read Order]

The Jharkhand High Court has held that refund of TDS ( Tax deduction at Source) cannot be indefinitely delayed once an assessee succeeds in appeal. The court directed the Income Tax authorities to...

ITAT Weekly Round-up

The Part II of Round-up of the Income Tax Appellate Tribunal (ITAT) Cases Reported at Taxscan from 1 February, 2026 to 15 February, 2026SFIO-SEBI Findings on NSEL-CCM Scam Not Enough for additions...

ITAT Weekly Roundup

This Part I of the weekly round-up encapsulates the key stories related to the Income Tax Appellate Tribunal (ITAT) reported at Taxscan, from February 1, 2026 to February 15, 2025.Section 54F...

S. 158BA(2) Abatement Not Automatic Unless Case Falls Under Block Assessment Scheme: Orissa HC Refuses to Quash Scrutiny Assessment after Search [Read Order]

In a recent ruling, the Orissa High Court held that abatement under Section 158BA(2) is not automatic just because a search is conducted, and it applies only when the case actually falls under the...

Mere Inclusion of Scrip in ‘Penny Stock’ List without Material Evidence of Price Manipulation Not Justify Addition: ITAT [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that mere inclusion of a company’s shares in an investigation report as a “penny stock”, without material evidence is not...

Prev Page Next Page