New Income Tax Act 2025
Supreme Court Hears PIL Challenging Income Tax Act 2025 Powers to Search Digital Devices, Cloud Servers & Virtual Digital Space
The Supreme Court of India is examining a public interest litigation that challenges the constitutional validity of provisions in the Income Tax...
![Budget 2026 Amends PAN Provision to Cover ‘Other Transactions’ Under New Income Tax Act [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/2123112-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]")
Understanding Shift in Surcharge, Rebate, and Marginal Relief Provisions under New Income Tax [Old vs. New Income Tax Act Series - Article 5]
It condenses 47 chapters and 819 sections into 23 chapters and 536 sections, respectively. Through increased openness, decreased litigation, and easier filing, the new framework seeks to adopt a...
![Understanding Shift in Surcharge, Rebate, and Marginal Relief Provisions under New Income Tax [Old vs. New Income Tax Act Series - Article 5]](https://images.taxscan.in/h-upload/2025/12/24/2114627-understanding-shift-surcharge-rebate-marginal-relief-provisions-under-new-income-tax-old-vs-new-income-tax-act-series-.webp "Understanding Shift in Surcharge, Rebate, and Marginal Relief Provisions under New Income Tax [Old vs. New Income Tax Act Series - Article 5]")
Search and Seizure Proceedings, Powers, and Procedural Safeguards in New Income Tax Act [Old vs New Income Tax Series - Article 3]
Income-tax search actions, commonly called search and seizure or raids, are among the strongest powers available to tax authorities. From 2025, these powers are reorganised under the...
![Search and Seizure Proceedings, Powers, and Procedural Safeguards in New Income Tax Act [Old vs New Income Tax Series - Article 3]](https://images.taxscan.in/h-upload/2025/12/20/2113496-new-income-tax-act-old-vs-new-taxscan.webp "Search and Seizure Proceedings, Powers, and Procedural Safeguards in New Income Tax Act [Old vs New Income Tax Series - Article 3]")
No Income Tax Notices received due to Inactive Email & Covid issues, Order Passed Ex parte: ITAT remands 6 Appeals for Fresh Adjudication [Read Order]
The Indore bench of the Income Tax Appellate Tribunal ( ITAT ) has remanded six appeals for fresh adjudication as the assessee failed to receive income tax notices due to COVID-19 constraints and ...
![No Income Tax Notices received due to Inactive Email & Covid issues, Order Passed Ex parte: ITAT remands 6 Appeals for Fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/09/25/2090774-fresh-adjudication-taxscan.webp "No Income Tax Notices received due to Inactive Email & Covid issues, Order Passed Ex parte: ITAT remands 6 Appeals for Fresh Adjudication [Read Order]")
ITAT Allows Joy Alukkas’s Income Tax Deduction of ₹1.39 Cr Interest on Loans for Renovation of Leasehold Premises u/s 36(1)(iii) [Read Order]
The Income Tax Appellate Tribunal (ITAT), Cochin, allowed the deduction of ₹1,39,04,056 made under Section 36(1)(iii) of the Income Tax Act on borrowed funds, 1961, holding that the interest on...
![ITAT Allows Joy Alukkas’s Income Tax Deduction of ₹1.39 Cr Interest on Loans for Renovation of Leasehold Premises u/s 36(1)(iii) [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/2090385-income-tax-deduction-taxscan.webp "ITAT Allows Joy Alukkas’s Income Tax Deduction of ₹1.39 Cr Interest on Loans for Renovation of Leasehold Premises u/s 36(1)(iii) [Read Order]")
Directors’ Commission of Rs.11.36 Lakh Wrongly Reported as Profits/Dividends: ITAT Remands Issue to AO for Fresh Examination [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) noted that Rs.11.36 lakh paid as directors’ commission was wrongly reported in Form 3CD as profits or dividends and remanded the issue to ...
![Directors’ Commission of Rs.11.36 Lakh Wrongly Reported as Profits/Dividends: ITAT Remands Issue to AO for Fresh Examination [Read Order]](https://images.taxscan.in/h-upload/2025/09/23/2090046-commission-itat-ao-taxscan.webp "Directors’ Commission of Rs.11.36 Lakh Wrongly Reported as Profits/Dividends: ITAT Remands Issue to AO for Fresh Examination [Read Order]")
Rs. 1.10 Crore Property Investment Treated as Unexplained Due to Unverified Sources: ITAT Sets Aside CIT(A) Order [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) set aside the Commissioner of Income Tax (Appeals)[CIT(A)] order in a case where a property investment of Rs. 1.10 crore was treated as ...
![Rs. 1.10 Crore Property Investment Treated as Unexplained Due to Unverified Sources: ITAT Sets Aside CIT(A) Order [Read Order]](https://images.taxscan.in/h-upload/2025/09/23/2090093-property-investment-itat-taxscan.webp "Rs. 1.10 Crore Property Investment Treated as Unexplained Due to Unverified Sources: ITAT Sets Aside CIT(A) Order [Read Order]")
Assessee’s Failure to Substantiate Details: ITAT deletes Share Application Money Addition on 4 Identifiable Investors, Retains Addition on 9 others [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ranchi, held that additions made on account of unexplained share application money could not be sustained in respect of identified investors where...
![Assessee’s Failure to Substantiate Details: ITAT deletes Share Application Money Addition on 4 Identifiable Investors, Retains Addition on 9 others [Read Order]](https://images.taxscan.in/h-upload/2025/09/23/2090117-itat-ranchi-share-application-money-taxscan.webp "Assessee’s Failure to Substantiate Details: ITAT deletes Share Application Money Addition on 4 Identifiable Investors, Retains Addition on 9 others [Read Order]")