Latest Income Tax News, Updates & Judgments

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Assessment Converted from limited to Unlimited Scrutiny without Approval: ITAT Remands Case [Read Order]

The Jaipur Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the case back to the Commissioner of Income Tax(Appeals)[CIT(A)] for a fresh...

Bombay HC upholds Addition on Bogus Purchase u/s 69C of Income Tax Act in Absence of Explanation on...

Cross-Objections not Maintainable u/s 260A of Income Tax Act: Delhi High Court [Read Order]

Reassessment u/s 147 Requires Fresh Tangible Material, Mere Reliance on Investigation Report...

Attachment of Property by Income Tax Dept. Cannot be made Indefinitely Without Pursuing Steps to...

Finance Ministry grants S. 10(46) Income Tax Exemption to Delhi Construction Workers Welfare Board [Read Notification]

The Ministry of Finance issued Notification No. 18/2025 dated March 6, 2025, granting income tax exemption to the Delhi Building and Other Construction Workers Welfare Board under Section 10(46) of...

How Income Tax Officials May Access Your Emails, Social Media, and Cloud Data: Clause 247 Explained

Starting April 1, 2026, the Income Tax Department will have the legal authority to access individuals' social media accounts, emails, bank and trading accounts, and other digital spaces if they...

ICAI recommends Changes to Income Tax Bill 2025 Before Parliament's Select Committee

The Select Committee of Lok Sabha to Examine the Income-Tax Bill 2025 met on March 6, 2025, under the Chairpersonship of Shri Baijayant Panda, MP, and took oral evidence from representatives of the...

AO adds Rs. 64.88 lakh Expenditure u/s 14A citing Business nature: ITAT deletes addition due to Expenditure spent not exclusively for Business [Read Order]

The Lucknow Bench of the Income Tax Appellate Tribunal (ITAT) has deleted the disallowance of Rs. 64.88 lakh made by the Assessing Officer (AO) under Section 14A of the Income Tax Act, citing that...

Old PAN used for Reopening Assessment: ITAT dismisses Revenue's Appeal citing cancellation of Old PAN duly Communicated [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the revenue’s appeal against the reopening of assessment based on old pan citing that the cancellation of old pan duly...

AO Adds Stamp Duty difference as Unexplained Expenditure: ITAT Remands Matter due to Income Tax Notice issued During COVID-19 [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has remanded back to the Commissioner of Income Tax (Appeals) [CIT(A)], citing Income Tax notice issued during the COVID-19 pandemic. ...

ITAT quashes Disallowance on Tanker Expenses due to Lack of Justification by AO [Read Order]

The Raipur Bench of Income Tax Appellate Tribunal (ITAT) quashed the disallowance of ₹2,19,981 on tanker expenses, citing a lack of justification by the Assessing Officer (AO). Rajnandgaon Petrol...

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