![Union Budget 2026-27: Small Taxpayers to Obtain Lower or Nil Deduction Certificates Without Approaching the Assessing Officer [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/500x300_2123084-union-budget-2026-27-small-taxpayers-obtain-lower-nil-deduction-certificates-assessing-officer-taxscan.webp "Union Budget 2026-27: Small Taxpayers to Obtain Lower or Nil Deduction Certificates Without Approaching the Assessing Officer [Read Finance Bill 2026]")
Union Budget 2026-27: Small Taxpayers to Obtain Lower or Nil Deduction Certificates Without Approaching the Assessing Officer [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...
![Excess S.80HHC Deduction can be Reopened Even if Original Order was Silent: Madras HC holds Reliance on Expl 2 to S. 142 Valid [Read Order]](https://images.taxscan.in/h-upload/2025/12/17/250x150_2112735-madras-highcourt-taxscan.jfif "Excess S.80HHC Deduction can be Reopened Even if Original Order was Silent: Madras HC holds Reliance on Expl 2 to S. 142 Valid [Read Order]")
![Relief for Vodafone West Ltd: ITAT Allows Deduction u/s 80IA on SFIS Income, Cites Broader Language of S. 80IA(2A) [Read Order]](https://images.taxscan.in/h-upload/2025/12/13/250x150_2112002-relief-vodafone-west-ltd-itat-deduction-sfis-income-cites-language-taxscan.webp "Relief for Vodafone West Ltd: ITAT Allows Deduction u/s 80IA on SFIS Income, Cites Broader Language of S. 80IA(2A) [Read Order]")
![No GST on Balance Freight Amount Deposited by Shippers to Carriers’ Escrow Accounts: AAR [Read Order]](https://images.taxscan.in/h-upload/2025/12/10/250x150_2111320-no-gst-balance-freight-amount-deposited-shippers-carriers-escrow-accounts-aar-taxscan.webp "No GST on Balance Freight Amount Deposited by Shippers to Carriers’ Escrow Accounts: AAR [Read Order]")
![Deduction u/s 57 for Bank Charges allowable as it Relates to Interest Income: ITAT Allows Claim [Read Order]](https://images.taxscan.in/h-upload/2025/11/07/250x150_2103088-deduction-bank-charges-interest-income-itat-bank-charges-allowable-taxscan.webp "Deduction u/s 57 for Bank Charges allowable as it Relates to Interest Income: ITAT Allows Claim [Read Order]")
Computation of Deduction u/s 36(1)(viia)(c) Independent of Deduction u/s 36(1)(viii): ITAT Rejects Double Deduction Argument for SIDBI [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) dismissed the Revenue's appeals, confirming that the deduction claimed under Section 36(1)(viia)(c) for provision for bad and doubtful...
![Computation of Deduction u/s 36(1)(viia)(c) Independent of Deduction u/s 36(1)(viii): ITAT Rejects Double Deduction Argument for SIDBI [Read Order]](https://images.taxscan.in/h-upload/2025/11/01/500x300_2101470-itat-mumbai-sidbi-itat-computation-of-deduction-taxscan.webp "Computation of Deduction u/s 36(1)(viia)(c) Independent of Deduction u/s 36(1)(viii): ITAT Rejects Double Deduction Argument for SIDBI [Read Order]")
AO rejects Deduction u/s 10AA due to Delaying filing Form 56F: ITAT rules Forms are Directory, cannot take away Rights [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Ahmedabad bench has dismissed the Revenue’s appeal against the allowance of deduction under Section 10AA of the Income-tax Act, 1961 which was rejected...
![AO rejects Deduction u/s 10AA due to Delaying filing Form 56F: ITAT rules Forms are Directory, cannot take away Rights [Read Order]](https://images.taxscan.in/h-upload/2025/10/07/500x300_2094531-itat-itat-ahmedabad-itat-grants-full-deduction-cooperative-bank-tax-relief-tax-relief-for-cooperative-banks-taxscan.webp "AO rejects Deduction u/s 10AA due to Delaying filing Form 56F: ITAT rules Forms are Directory, cannot take away Rights [Read Order]")
Deduction u/s 80JJAA Disallowed for Non-Filing of Form 10DA: ITAT Restores Matter to AO, Treating Lapse as Technical [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) restored the matter to the Assessing Officer (AO), treating the disallowance of deduction under section 80JJAA of Income Tax Act,1961, for...
![Deduction u/s 80JJAA Disallowed for Non-Filing of Form 10DA: ITAT Restores Matter to AO, Treating Lapse as Technical [Read Order]](https://images.taxscan.in/h-upload/2025/10/04/500x300_2093778-deduction-income-tax-act-assessee-conditions-itat-taxscan.webp "Deduction u/s 80JJAA Disallowed for Non-Filing of Form 10DA: ITAT Restores Matter to AO, Treating Lapse as Technical [Read Order]")
ITAT Deletes Capital Gains Addition of Rs.55 Lakh from Noida Property, Allows S.54 Deduction After Substantiation [Read Order]
The Chandigarh Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the capital gains addition of Rs.55 lakh from the sale of a Noida property and allowed the deduction under section 54 of...
![ITAT Deletes Capital Gains Addition of Rs.55 Lakh from Noida Property, Allows S.54 Deduction After Substantiation [Read Order]](https://images.taxscan.in/h-upload/2025/10/03/500x300_2093458-2041943-capital-gains-tax-capital-gains-recent-judicial-trends-and-their-implications.webp "ITAT Deletes Capital Gains Addition of Rs.55 Lakh from Noida Property, Allows S.54 Deduction After Substantiation [Read Order]")
Deduction u/s 80P(2)(d) Confined to Co-operative Bank Deposits, RRB Interest Treated Separately with Expense Adjustment u/s 57(iii): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad has ruled on the eligibility of deductions claimed by a co-operative credit society in respect of interest earned from deposits with co-operative...
![Deduction u/s 80P(2)(d) Confined to Co-operative Bank Deposits, RRB Interest Treated Separately with Expense Adjustment u/s 57(iii): ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/500x300_2085594-deduction-co-operative-bank-deposits-rrb-taxscan.webp "Deduction u/s 80P(2)(d) Confined to Co-operative Bank Deposits, RRB Interest Treated Separately with Expense Adjustment u/s 57(iii): ITAT [Read Order]")
New Income Tax TDS Form, Requirements from April 1, 2026 with New Act, Rules Implementation: Find Checklist for Preparation Here
The Income Tax Department will roll out a new TDS (Tax Deducted at Source) form that will come into effect from April 1, 2026. The revised format is expected to improve compliance, minimize...
