![Income Tax Act, 2025 comes into effect from 1st April 2026, Rules and Forms will be Notified Shortly: FM [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/500x300_2122867-income-tax-act-2025-rules-forms-notified-shortly-fm-taxscan.webp "Income Tax Act, 2025 comes into effect from 1st April 2026, Rules and Forms will be Notified Shortly: FM [Read Finance Bill 2026]")
Income Tax Act, 2025 comes into effect from 1st April 2026, Rules and Forms will be Notified Shortly: FM [Read Finance Bill 2026]
The Union Budget for the Financial Year 2026-27 was presented by Finance Minister Nirmala Sitharaman in the Lok Sabha today (Sunday, 1 February ...
![Interest awarded by MACT will be exempted from Income Tax: FM [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/250x150_2122863-interest-awarded-mact-exempted-income-tax-fm-taxscan.webp "Interest awarded by MACT will be exempted from Income Tax: FM [Read Finance Bill 2026]")
![ITR-1 & ITR-2 Filing Deadline Set for 31 July; Non-Audit Business/ Trust Returns Due by 31 August: FM [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/250x150_2122866-union-budget-2026-budget-scan-2026-itr-1-deadline-itr-2-deadline-itr-1-itr-2-filing-deadline-income-tax-deadlines-trust-returns-fm-tax-filing-announcement-taxscan.webp "ITR-1 & ITR-2 Filing Deadline Set for 31 July; Non-Audit Business/ Trust Returns Due by 31 August: FM [Read Finance Bill 2026]")
![Section 54F Deduction under Income Tax cannot be Denied without Examining Construction Evidence: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/01/250x150_2122836-section-54f-deduction-under-income-tax-cannot-be-denied-without-examining-construction-evidence-itat-taxscan.webp "Section 54F Deduction under Income Tax cannot be Denied without Examining Construction Evidence: ITAT [Read Order]")
![Student cannot be Taxed for Temporary Family Deposits made to Show Financial Capacity Abroad: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/31/250x150_2122773-student-cannot-be-taxed-for-temporary-family-deposits-made-to-show-financial-capacity-abroad-itat-taxscan.webp "Student cannot be Taxed for Temporary Family Deposits made to Show Financial Capacity Abroad: ITAT [Read Order]")
Balaji & Maruti Transactions Genuine: ITAT Rejects ₹5.49 Cr Accommodation Entry Allegation [Read Order]
In a recent rulling the Income Tax Appellate Tribunal (ITAT) Delhi bench dismissed the revenue's appeal, holding that amounts received from Balaji Enterprises and Maruti Enterprises could not be...
![Balaji & Maruti Transactions Genuine: ITAT Rejects ₹5.49 Cr Accommodation Entry Allegation [Read Order]](https://images.taxscan.in/h-upload/2026/01/31/500x300_2122757-alaji-maruti-transactions-genuine-itat-rejects-549-cr-accommodation-entry-allegation.webp "Balaji & Maruti Transactions Genuine: ITAT Rejects ₹5.49 Cr Accommodation Entry Allegation [Read Order]")
Delhi HC Declines Reinstatement to Income Tax Employee Who Opted for Voluntary Retirement Despite Disability Claim [Read Order]
The Delhi High Court has refused to interfere with the orders passed by the Central Administrative Tribunal dismissing a plea on reinstatement into government service. The Court held that the...
![Delhi HC Declines Reinstatement to Income Tax Employee Who Opted for Voluntary Retirement Despite Disability Claim [Read Order]](https://images.taxscan.in/h-upload/2026/01/31/500x300_2122750-delhi-hc-declines-reinstatement-income-tax-employee-opted-voluntary-retirement-despite-disability-claim-taxscan.webp "Delhi HC Declines Reinstatement to Income Tax Employee Who Opted for Voluntary Retirement Despite Disability Claim [Read Order]")
Reassessment Beyond 3 Years Invalid When Actual Cash Deposits Below ₹50 Lakh: ITAT Quashes Time-Barred Reassessment [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal (ITAT) Hyderabad held that reopening beyond 3 years was barred by limitation, where the actual cash deposit in the assessee's bank account did...
![Reassessment Beyond 3 Years Invalid When Actual Cash Deposits Below ₹50 Lakh: ITAT Quashes Time-Barred Reassessment [Read Order]](https://images.taxscan.in/h-upload/2026/01/31/500x300_2122722-reassessment-invalid-actual-cash-deposits-below-itat-quashes-time-barred-reassessment-taxscan.webp "Reassessment Beyond 3 Years Invalid When Actual Cash Deposits Below ₹50 Lakh: ITAT Quashes Time-Barred Reassessment [Read Order]")
AO Fails to Properly Enquire Year-End Provisions, TDS on Dealer Discounts: ITAT upholds Revision Order in Bajaj Auto Matter [Read Order]
In a recent ruling IncomeTax Appellate Tribunal (ITAT) upheld a revision order under Section 263 of theIncome Tax Act, 1961, in the case of Bajaj Auto Ltd., holding that the Assessing Officer had...
![AO Fails to Properly Enquire Year-End Provisions, TDS on Dealer Discounts: ITAT upholds Revision Order in Bajaj Auto Matter [Read Order]](https://images.taxscan.in/h-upload/2026/01/31/500x300_2122708-ao-fails-properly-enquire-year-end-provisions-tds-dealer-discounts-itat-upholds-revision-order-bajaj-auto-matter-taxscan.webp "AO Fails to Properly Enquire Year-End Provisions, TDS on Dealer Discounts: ITAT upholds Revision Order in Bajaj Auto Matter [Read Order]")
Interest on Investment by Co-operative Society with another Co-operative Society Eligible for Income Tax Deduction u/s 80P: ITAT [Read Order]
The Income Tax Appellate Tribunal, (ITAT), Pune Bench, held that the interest income earned by a Co-operative society from investment made with another Co-operative society is eligible for ...
![Interest on Investment by Co-operative Society with another Co-operative Society Eligible for Income Tax Deduction u/s 80P: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/30/500x300_2122603-interest-investment-co-operative-society-another-co-operative-society-taxscan.jfif "Interest on Investment by Co-operative Society with another Co-operative Society Eligible for Income Tax Deduction u/s 80P: ITAT [Read Order]")
Ignoring Earlier HC Rulings, Revenue Cannot Insist on 10% TDS u/s 197 Without Showing Change in Facts: Delhi HC in SFDC Ireland Case [Read Order]
In a recent ruling, the Delhi High Court held that the Income Tax Department cannot force 10% TDS (Tax Deducted at Source) under Section 197 when there is no change in facts and earlier High Court...
![Ignoring Earlier HC Rulings, Revenue Cannot Insist on 10% TDS u/s 197 Without Showing Change in Facts: Delhi HC in SFDC Ireland Case [Read Order]](https://images.taxscan.in/h-upload/2026/01/30/500x300_2122584-ignoring-earlier-hc-rulings-revenue-cannot-insist.webp "Ignoring Earlier HC Rulings, Revenue Cannot Insist on 10% TDS u/s 197 Without Showing Change in Facts: Delhi HC in SFDC Ireland Case [Read Order]")