Union Budget 2026: Full Process, What’s happening Inside & Expectations
As India gets closer to February 1, 2026, all eyes on the North Block again, where the Union Budget for 2026-27 is quietly finalised. The Budget...
![Double Taxation Relief under New Income Tax: Treaty Provisions, Bilateral Agreements, and Procedural Changes [Old vs New Income Tax Series - Article 8]](https://images.taxscan.in/h-upload/2026/01/06/250x150_2117242-old-vs-new-income-tax-comparison-taxscan.webp "Double Taxation Relief under New Income Tax: Treaty Provisions, Bilateral Agreements, and Procedural Changes [Old vs New Income Tax Series - Article 8]")
![Assessments and Time Limits under Income Tax Act [New v/s Old Tax Act Series]](https://images.taxscan.in/h-upload/2025/12/29/250x150_2115718-assessments-time-limits-under-income-tax-act-taxscan.webp "Assessments and Time Limits under Income Tax Act [New v/s Old Tax Act Series]")
![Special Allowances - Exemptions and Taxability Under Income Tax Act [Old vs New Tax Act Series]](https://images.taxscan.in/h-upload/2025/12/27/250x150_2115348-income-tax-act-2025.webp "Special Allowances - Exemptions and Taxability Under Income Tax Act [Old vs New Tax Act Series]")
Consolidating the ‘Opportunity of Being Heard’ in Penalty Proceedings u/s 471 of Income Tax Act, 2025 [Old vs New Tax Act Series- Article 2]
The Income Tax Act, 2025 is a landmark legislation, repealing the erstwhile IncomeTax Act of 1961 which has been in force for more than 6 decades. To accommodate the changing ways of the world and...
![Consolidating the ‘Opportunity of Being Heard’ in Penalty Proceedings u/s 471 of Income Tax Act, 2025 [Old vs New Tax Act Series- Article 2]](https://images.taxscan.in/h-upload/2025/12/18/500x300_2113016-consolidating-income-tax-act-2025-old-new-tax-act-series-taxscan.webp "Consolidating the ‘Opportunity of Being Heard’ in Penalty Proceedings u/s 471 of Income Tax Act, 2025 [Old vs New Tax Act Series- Article 2]")
Capital Gains for Home Buyers: Section 54F vs. Section 86 Explained [Old vs New Tax Act Series- Article 1]
The Income Tax Act 2025 has redefined Section 54F as Section 86. However, this is not a mere change in name. The two sections do provide the same capital gaintax exemption for capital assets sold,...
![Capital Gains for Home Buyers: Section 54F vs. Section 86 Explained [Old vs New Tax Act Series- Article 1]](https://images.taxscan.in/h-upload/2025/12/17/500x300_2112708-capital-gains-home-buyers-section-54f-vs-section-86-explained-old-vs-new-tax-act-series-article-1.webp "Capital Gains for Home Buyers: Section 54F vs. Section 86 Explained [Old vs New Tax Act Series- Article 1]")
ITAT dismisses firm's appeal, upholds tax on undisclosed income from cash and stock discovered in survey [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune bench, has dismissed an appeal filed by a partnership firm and upheld a tax demand concerning undisclosed income that came to light during a survey...
![ITAT dismisses firms appeal, upholds tax on undisclosed income from cash and stock discovered in survey [Read Order]](https://images.taxscan.in/h-upload/2025/10/27/500x300_2100202-itat-taxscan.webp "ITAT dismisses firms appeal, upholds tax on undisclosed income from cash and stock discovered in survey [Read Order]")
![ITAT Sides with Diamond Trader, Says Survey Stock Query Was Fully Probed by AO [Read Order]](https://images.taxscan.in/h-upload/2025/10/27/500x300_2100215-diamond-trader-taxscan.webp "ITAT Sides with Diamond Trader, Says Survey Stock Query Was Fully Probed by AO [Read Order]")
“Artificial intelligence driven”: Karnataka HC refuses to Step in as ITAT President already reassigned Matter [Read Order]
The High Court of Karnataka at Bengaluru recently disposed of a writ petition filed by Buckeye Trust challenging the proceedings before the Income Tax Appellate Tribunal (ITAT), after the ITAT...
![“Artificial intelligence driven”: Karnataka HC refuses to Step in as ITAT President already reassigned Matter [Read Order]](https://images.taxscan.in/h-upload/2025/10/27/500x300_2100141-artificial-intelligence-driven-taxscan.webp "“Artificial intelligence driven”: Karnataka HC refuses to Step in as ITAT President already reassigned Matter [Read Order]")
Auto Parts Maker’s Dies and Maintenance Expenses are Revenue in Nature: ITAT dismisses Revenue’s Appeal [Read Order]
The bench of the Income Tax Appellate Tribunal, Delhi, upheld the Commissioner ofIncome Tax (Appeals)’s [CIT(A)] decision that such expenses, incurred for model development and productivity...
![Auto Parts Maker’s Dies and Maintenance Expenses are Revenue in Nature: ITAT dismisses Revenue’s Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/10/24/500x300_2099649-auto-parts-maintenance-expenses-revenue-itat-taxscan.webp "Auto Parts Maker’s Dies and Maintenance Expenses are Revenue in Nature: ITAT dismisses Revenue’s Appeal [Read Order]")
Non-Payment of Self-Assessment Tax u/s 140A Renders Appeal Not Maintainable: ITAT Sets Aside CIT(A)'s Order [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) quashed the order passed by the CIT(A), holding that the appeal filed by the assessee was not maintainable under the provisions of the...
![Non-Payment of Self-Assessment Tax u/s 140A Renders Appeal Not Maintainable: ITAT Sets Aside CIT(A)s Order [Read Order]](https://images.taxscan.in/h-upload/2025/10/24/500x300_2099545-self-assessment-tax-taxscan.webp "Non-Payment of Self-Assessment Tax u/s 140A Renders Appeal Not Maintainable: ITAT Sets Aside CIT(A)s Order [Read Order]")