New Income Tax Act from 1st April 2026: Key Changes you Need to Know
India's Income Tax Act of 2025 will take effect on April 1, 2026, and will bring about significant changes to how tax is collected and paid. This...
![Punjab & Haryana HC Remands Educational Institutions’ Income Tax Exemption Pleas for Reconsideration after SC Clarification [Read Order]](https://images.taxscan.in/h-upload/2025/12/02/250x150_2109516-0945e0b7-7197-4e66-a86f-fabf4f56bfbb.webp "Punjab & Haryana HC Remands Educational Institutions’ Income Tax Exemption Pleas for Reconsideration after SC Clarification [Read Order]")
![Salary arrears of Deceased cannot be Taxed on Individual Capacity of Legal Heir : ITAT says NFAC Ignores S. 159 [Read Order]](https://images.taxscan.in/h-upload/2025/12/01/250x150_2109306-salary-arrears-deceased-individual-capacity-legal-heir-itat-nfac-taxscan.webp "Salary arrears of Deceased cannot be Taxed on Individual Capacity of Legal Heir : ITAT says NFAC Ignores S. 159 [Read Order]")
Bank of Baroda's Specific Condition Invalidates TP Adjustment on Corporate Guarantee Commission: ITAT [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) directed the deletion of a Transfer Pricing (TP) adjustment of ₹21,46,000 proposed by the Transfer Pricing Officer (TPO) on account of ...
![Bank of Barodas Specific Condition Invalidates TP Adjustment on Corporate Guarantee Commission: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/11/29/500x300_2108702-bank-of-baroda-taxscan.jfif "Bank of Barodas Specific Condition Invalidates TP Adjustment on Corporate Guarantee Commission: ITAT [Read Order]")
Taxpayer Yet to Prove Source of Deposit from Property Sale to Father: ITAT Remands Cash Deposit Matter for Verification [Read Order]
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has remanded the to the file of the Assessing Officer (AO) for fresh adjudication in the case involving addition of ₹42,20,000 made ...
![Taxpayer Yet to Prove Source of Deposit from Property Sale to Father: ITAT Remands Cash Deposit Matter for Verification [Read Order]](https://images.taxscan.in/h-upload/2025/11/27/500x300_2108303-itat-remands-cash-deposit.webp "Taxpayer Yet to Prove Source of Deposit from Property Sale to Father: ITAT Remands Cash Deposit Matter for Verification [Read Order]")
VAT Accepted Books Cannot Be Rejected Without Defects: ITAT Deletes Bogus Purchase Addition After AO Makes No Independent Inquiry [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) allowed the appeal, deleting the bogus purchase addition after holding that when the books of account were accepted in Value Added Tax...
![VAT Accepted Books Cannot Be Rejected Without Defects: ITAT Deletes Bogus Purchase Addition After AO Makes No Independent Inquiry [Read Order]](https://images.taxscan.in/h-upload/2025/11/28/500x300_2108603-vat-itat-bogus-purchase-ao-taxscan.webp "VAT Accepted Books Cannot Be Rejected Without Defects: ITAT Deletes Bogus Purchase Addition After AO Makes No Independent Inquiry [Read Order]")
MAT u/s 115JB Inapplicable to Banks: ITAT affirms Deletion of ₹305.49 Cr Penalty on Central Bank [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the Revenue’s appeal and upheld the deletion of a penalty of ₹305,49,63,285 imposed on Central Bank of India, after holding...
![MAT u/s 115JB Inapplicable to Banks: ITAT affirms Deletion of ₹305.49 Cr Penalty on Central Bank [Read Order]](https://images.taxscan.in/h-upload/2025/11/29/500x300_2108717-itat-mumbai-central-bank-taxscan.webp "MAT u/s 115JB Inapplicable to Banks: ITAT affirms Deletion of ₹305.49 Cr Penalty on Central Bank [Read Order]")
![Supreme Court Criticises Income Tax Dept for filing SLP on Issues already Settled [Read Judgement]](https://images.taxscan.in/h-upload/2025/11/30/500x300_2108947-supreme-court-income-tax-dept-slp-taxscan.webp "Supreme Court Criticises Income Tax Dept for filing SLP on Issues already Settled [Read Judgement]")
![Nine-Month Delay in Filing Revised ITR Too Huge: Delhi HC refuse to Condone Delay [Read Order]](https://images.taxscan.in/h-upload/2025/11/29/500x300_2108754-itr-late-fees-interest-penal-action-taxscan.webp "Nine-Month Delay in Filing Revised ITR Too Huge: Delhi HC refuse to Condone Delay [Read Order]")
Purchases Cannot Be Disbelieved When Books Not Rejected and Payments Made Through Banking Channels: ITAT Deletes ₹12.73 Cr Addition u/s 69C [Read Order]
ITAT Deletes ₹12.73 Cr Addition as Purchases Backed by Books, Bank Proofs The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) allowed the appeal filed by Pravesh Kumar Jaiswal for...
![Purchases Cannot Be Disbelieved When Books Not Rejected and Payments Made Through Banking Channels: ITAT Deletes ₹12.73 Cr Addition u/s 69C [Read Order]](https://images.taxscan.in/h-upload/2025/11/25/500x300_2107851-payments-made-through-banking-channels-taxscan.webp "Purchases Cannot Be Disbelieved When Books Not Rejected and Payments Made Through Banking Channels: ITAT Deletes ₹12.73 Cr Addition u/s 69C [Read Order]")