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![Standard Assets Eligible for Deduction u/s 36(1)(viia): ITAT Quashes Income Tax Proceedings against Bajaj Finance [Read Order]](https://images.taxscan.in/h-upload/2026/02/03/500x300_2123555-standard-assets-eligible-deduction-us-36-1viia-itat-quashes-income-tax-proceedings-against-bajaj-finance-taxscan.webp "Standard Assets Eligible for Deduction u/s 36(1)(viia): ITAT Quashes Income Tax Proceedings against Bajaj Finance [Read Order]")
Standard Assets Eligible for Deduction u/s 36(1)(viia): ITAT Quashes Income Tax Proceedings against Bajaj Finance [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, upheld that standard assets are eligible for deduction under section 36(1)(viia) and quashed...
![“Targeted Departmental Vendetta, Mala Fide Actions”: Supreme Court Sets Aside ITAT Accountant Member Selection, Orders Fresh SCSC for Ex-Army Officer [Read Order]](https://images.taxscan.in/h-upload/2026/02/01/250x150_2122841-targeted-departmental-vendetta-mala-fide-actions-supreme-court-sets-aside-itat-accountant-member-selection-orders-fresh-scsc-for-ex-army-officer-taxscan.webp "“Targeted Departmental Vendetta, Mala Fide Actions”: Supreme Court Sets Aside ITAT Accountant Member Selection, Orders Fresh SCSC for Ex-Army Officer [Read Order]")
![Income Tax Department Releases FAQs on Direct Tax Proposals in Budget 2026 [Read FAQs]](https://images.taxscan.in/h-upload/2026/02/02/250x150_2123352-union-budget-2026-budget-scan-2026-income-tax-department-faqs-direct-tax-proposals-budget-2026-faqs-direct-tax-faq-income-tax-faqs-taxscan.webp "Income Tax Department Releases FAQs on Direct Tax Proposals in Budget 2026 [Read FAQs]")
![Budget 2026 Amends PAN Provision to Cover ‘Other Transactions’ Under New Income Tax Act [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/250x150_2123112-budget-2026-amends-pan-provision-cover-transactions-under-new-income-tax-act-taxscan.webp "Budget 2026 Amends PAN Provision to Cover ‘Other Transactions’ Under New Income Tax Act [Read Finance Bill 2026]")
Budget 2026-27: Revision in Penalty and Prosecution Framework under Income Tax Act, Ensuring Relief to Taxpayers
The Union Budget for the Financial Year 2026-27 was presented by Finance Minister Nirmala Sitharaman in the Lok Sabha today. Among the key proposals, the budget introduced major changes to...
Budget 2026: Income Tax Assessments Not to be Invalidated for DIN Errors, New Section Added [Read Finance Bill 2026]
The Union Budget for the Financial Year 2026–27 was presented by Finance MinisterNirmala Sitharaman in the Lok Sabha today (Sunday, 1 February 2026). The Finance Bill, 2026 proposes to insert a...
![Budget 2026: Income Tax Assessments Not to be Invalidated for DIN Errors, New Section Added [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/500x300_2122956-budget-2026-income-tax-assessments-din-errors-taxscan-budgetscan.webp "Budget 2026: Income Tax Assessments Not to be Invalidated for DIN Errors, New Section Added [Read Finance Bill 2026]")
![New Income Tax Law to be implemented from 1st April, 2026: All You Need to Know [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/500x300_2122938-new-income-tax-law-taxscan-budgetscan-.webp "New Income Tax Law to be implemented from 1st April, 2026: All You Need to Know [Read Finance Bill 2026]")
