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S. 153C Notices Quashed as Time-Barred: Delhi High Court Reaffirms Limitation Based on Satisfaction Note Date

The Delhi High Court has quashed notices issued under Section 153C of the Income...

Compensation Paid Towards Exchange Rate Fluctuation Loss Is Allowable Deduction: Madras High Court 

The Madras High Court has held that compensation paid towards exchange rate fluctuation loss...

Challenge to Income Tax Department’s Digital Search, Seizure Powers: Supreme Court

A writ petition filed by Advocate Pranjal Kishore questioning the constitutional validity of the...

Delhi High Court Rejects Dept.’s Appeals on TDS Liability for Lease Rent

The Delhi High Court has dismissed three appeals filed by the Income Tax Department...

How to Avoid TDS on Cash Withdrawal?

Section 194N of the Income-tax Act, 1961 mandates deduction of tax at source (TDS)...

Draft Income-tax Rules, 2026: 10 Changes That Could Impact Your Salary, Property Deals, Banking, Investments From April 1

The Central Board of Direct Taxes (CBDT) has unveiled the Draft Income-tax Rules, 2026,...

Delhi High Court Quashes Transfer Pricing Order for Failure to Provide Relied-Upon Agreements to Assessee

The Delhi High Court has set aside an order passed by the Transfer Pricing...

CBDT to Consolidate Multiple Tax Audit Forms Under Form 26 Framework

The Central Board of Direct Taxes (CBDT) has unveiled Draft Form 26, introducing a...

New Income Tax Audit Form 26: What Businesses Need to Know?

The release of Draft Form 26 under the Draft Income-tax Rules, 2026 marks one...

Income Tax Dept. to Use GST Data to Find Hidden Income, Boost Tax Collections

The Income Tax Department is increasingly turning to data analytics and information available under...

Providing ‘Relied Upon Material’ In SCN Is Not Procedural Requirement: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed the reassessment...

Separate PAN Not Ground to Deny AIF Benefits: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that exemption...

Latest articles

NIL TDS Certificate Must Be Issued Where Airline Income Is DTAA-Exempt: Delhi HC Grants Relief To British Airways

The Delhi High Court has set aside an order of the Income Tax Department...

No TDS on Matching Solutions as FIS under India–US DTAA: Delhi High Court Orders NIL Withholding 

The Delhi High Court has directed the Income Tax Department to issue a NIL...

Rs. 70,000 Crore GST Evasion: Biryani Chains, Major Restaurants Under Nationwide Tax Scanner

In what could become one of the largest tax enforcement actions in India’s food...