![Double Taxation of Income Already Offered to Tax in Subsequent Assessment Year: Orissa HC Overrides Appellate Remedy and Remits Order [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/500x300_2071020-orissa-high-court-double-taxation-income-taxscan.webp "Double Taxation of Income Already Offered to Tax in Subsequent Assessment Year: Orissa HC Overrides Appellate Remedy and Remits Order [Read Order]")
Double Taxation of Income Already Offered to Tax in Subsequent Assessment Year: Orissa HC Overrides Appellate Remedy and Remits Order [Read Order]
The Orissa HighCourt recently set aside an assessment order passed under Section 147 read with Section 144 and 144B of the Income Tax Act, 1961,...
![No Legal Mechanism Existed to Compute Capital Gains on Unlisted OFS Shares Before 2024 Amendment: Allahabad HC Quashes Income Tax Notice [Read Order]](https://images.taxscan.in/h-upload/2025/06/24/250x150_2053672-allahabad-hc-quashes-income-tax-notice-capital-gains-taxscan.webp "No Legal Mechanism Existed to Compute Capital Gains on Unlisted OFS Shares Before 2024 Amendment: Allahabad HC Quashes Income Tax Notice [Read Order]")
Income Tax Dept releases Common Offline Utility for filing Income-tax Returns ITR 1 and ITR 4 for AY 2025-26
The Income Tax Department has unveiled its much-anticipated Common Offline Utility for filing Income-tax Returns ITR-1 and ITR-4 for the Assessment Year 2025-26. Released on June 11, 2025, the...
Different Floors of Single Building cannot be Counted as Separate “Residential Houses” u/s 54F of Income Tax Act: Delhi HC [Read Order]
The Delhi High Court recently dismissed the income-tax department’s appeal, affirming an ITAT order that granted the taxpayer a ₹90-crore exemption under Section 54F of the Income-tax Act. A bench of...
![Different Floors of Single Building cannot be Counted as Separate “Residential Houses” u/s 54F of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Different-Floors-Single-Building-Counted-as-Separate-Residential-House-Income-Tax-Act-Delhi-HC-taxscan.jpg "Different Floors of Single Building cannot be Counted as Separate “Residential Houses” u/s 54F of Income Tax Act: Delhi HC [Read Order]")
Income Tax Returns: CBDT notifies ITR Form 6 for AY 2025-26, Know Complete Changes Here [Read Notification]
The Central Board of Direct Taxes ( CBDT ) has issued the revised Income Tax Return Form 6 ( ITR-6 ) for AY 2025-26 by Notification No. 44/2025 dated 06.05.2025. The new form has incorporated the...
![Income Tax Returns: CBDT notifies ITR Form 6 for AY 2025-26, Know Complete Changes Here [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/05/Income-Tax-Returns-ITR-Form-6-Know-Complete-Changes-Here-taxscan.jpg "Income Tax Returns: CBDT notifies ITR Form 6 for AY 2025-26, Know Complete Changes Here [Read Notification]")
‘Shift to UAE for 183 Days’: Kotak MD Warns of Tax Loophole Following ITAT Ruling on NRI Mutual Fund Capital Gains
In a landmark ruling, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that capital gains from mutual fund investments made by an NRI are not taxable in India, owing to the...
