CBDT Notifies April 30, 2025 as Deadline Under Vivad se Vishwas Scheme 2024
In a significant update under the Direct Tax Vivad se Vishwas Scheme, 2024, the Central Board of Direct Taxes (CBDT),...

Bank Fraud: Madhya Pradesh Labourer Receives Rs. 314 Crore Income Tax Notice
In a startling case that has exposed alarming loopholes in financial monitoring and identity verification, a daily wage...

Supreme Court Order On AY 2015-16 Post Rajeev Bansal Case
The Supreme Court comprising Justice B.V. Nagarathna and Justice Prasanna B. Varale has dismissed a Special Leave...

ITR-2 Filing Process 2025-26
Filing your Income Tax Return (ITR) is a crucial annual responsibility for taxpayers in India. For the Assessment Year...

TDS Rate Chart for FY 2025-26 AY 2026-27
Tax Deducted at Source (TDS) is a mechanism implemented by the Indian government to collect taxes at the source of...

ESOP Valuation By Merchant Banker Under Income Tax Act Can’t Be Overridden By FEMA Valuation: ITAT
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that (ESOP) valuation by merchant bankers under income...

Bombay High Court Raps ITAT For Casual Approach; Holds Entire Bogus Purchases Should Be Disallowed, Not Just 3%
The Bombay High Court has rapped Income Tax Appellate Tribunal (ITAT) for a casual approach and held that entire bogus...

Rajasthan High Court Upholds Validity of Section 153C Proceedings Based on WhatsApp Chats
The Rajasthan High Court has upheld the validity of search assessment proceedings under section 153C of the Income Tax...

PAN Card Fraud in UP: Poor Farmer Slapped With Rs. 30 Crore Income Tax Notice
In a stunning development, a poor farmer from Mathura has received an Income Tax notice of Rs 30 crore, revealing a...

Waqf (Amendment) Act, 2025 Simplified
The document outlines changes to the existing Waqf Act in India, which governs properties dedicated by Muslims for...

Controversy Erupts Over Secretive Oath of Justice Yashwant Varma at Allahabad High Court
Justice Yashwant Varma, recently transferred from the Delhi High Court to the Allahabad High Court following a...

RTI Data Shows 5.4 Lakh Appeals Still Pending Before CIT(A)
In response to an RTI application (CBODT/R/E/25/00800), the Central Board of Direct Taxes (CBDT) has revealed detailed...
