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CBDT Circular

Delhi HC Dismisses Income Tax Dept’s Review Pleas Against Direction to Process Bechtel’s Returns [Read Order]

In a recent decision, the Delhi High Court dismissed the Income Tax Department’s review petitions against its earlier order directing the Department...

Delhi HC Quashes Income Tax Notices against NDTV Founders, Slaps ₹2 Lakh Costs on Department [Read...

Income Tax Dept Cannot Order Special Audit Without Valid DIN Based Approval: Bombay HC Holds...

ITR E-Filing Mandatory for Companies from May 2007: Madras HC Denies S. 80-IC Deduction to Gemini...

Denial of 80G Approval for Non-Commencement of Activities and Expiry of Registration: ITAT Remits...

India’s Direct Tax Collections Reflect Rise of Net Collections Up by 6.33% in FY 2025-26

On October 12, 2025, Central Board of Direct Taxes (CBDT) demonstrated that direct tax collection of the country showed an increase during FY 2025-26, with gross and net revenues growing steadily...

ITAT Dismisses Income Tax Department's Case for Having Tax Effect Less Than ₹60,00,000: Notes Contravention of CBDT Circular [Read Order]

The Kolkata Bench of the Income Tax Appellate Tribunal recently dismissed an appeal filed by the Income Tax Department, noting that the appeal had a tax effect of less than ₹60,00,000 and was thus...

Bought Property Over ₹50 Lakh? Ensure your PAN-Aadhaar Link to Avoid High TDS Liability

The Central Board of Direct Taxes ( CBDT ) issued Circular No. 9/2025 on the 21st of July 2025, providing much relief for property buyers and sellers that had been facing difficulties due to their...

Denial of TDS Credit on Farmers Sales by Commission Agent: ITAT Relies on CBDT Circular to Grant Full Credit [Read Order]

The Visakhapatnam Bench of Income Tax Appellate Tribunal (ITAT ) addressed the denial of Tax Deducted at Source (TDS) credit on farmers’ sales made through a commission agent and relied on Central...

Discretionary Trust created under Deceased’s Will Not Liable to Income Tax at Maximum Marginal Rate u/s 164: ITAT [Read Order]

The Ahmedabad Benchof the Income Tax Appellate Tribunal (ITAT) has held that a discretionary trust which is created under the Will of a deceased individual is not liable to income tax at the maximum...

ITAT Quashes Tax Assessments, Citing Mechanical and invalid approval under section 153D

The Income Tax Appellate Tribunal (ITAT) Delhi bench has quashed several tax assessments,ruling that a mechanical and arbitrary approval process under section 153D renders the resulting orders a...

Chhattisgarh HC Disposes of Income Tax Appeal as Tax Effect Falls Below Revised ₹2 Cr Threshold [Read Order]

The Chhattisgarh High Court (HC) disposed of an income tax appeal filed by the Department against M/s Sanjay Agrawal, after the appellant cited a recent CBDT circular that revised the monetary ...