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Infrastructure Debt Fund To Be Set Up As Non-Banking Financial Company: CBDT Notifies Income-tax (Third Amendment) Rules, 2025

The Central Board of Direct Taxes (CBDT) has notified the Income-tax (Third Amendment) Rules,...

Offer To Pay Tax On Additional  Amount To Avoid Litigation Not Proof Of Undisclosed Income For Penalty: ITAT

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has held that voluntary tax...

ITAT Quashes Addition On Specified Bank Notes Deposited During Demonetization Citing Nature Of Firework Business

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has quashed the addition of...

Evidentiary Value Of Pen Drive In Absence Of Certificate U/s 65B(4) Of Indian Evidence Act: ITAT Upholds Addition

The Pune Bench of Income Tax Appellate Tribunal upheld the addition against the assessee...

AO’s Duty To Dispose Of Written Objection Submitted By Assessee For Re-Assessment: Calcutta High Court

The Calcutta High Court has held that it is the duty of the Assessing...

Official Income Tax Calculator For FY 2025-26: CBDT

The Central Board Of Direct Taxes (CBDT) has  introduced a taxpayer-friendly tool to compare...

Direct Tax Weekly Flashback: 2 To 8 February 2025

Direct Tax Weekly Flashback for the period 2 to 8 February 2025.Supreme CourtFiling ITR...

Filing ITR After Due Date but Before Prosecution Does Not Impact Offence Under Section 276CC: Supreme Court

The Supreme Court has held that filing of Income Tax Return (ITR) after the...

ITAT Can’t Summarily Dismiss The Appeal For Default Of Appearance: Bombay High Court

The Bombay High Court has held that the Income Tax Appellate Tribunal (ITAT) cannot...

Delhi High Court Clarifies On Surviving Time Period For Income Tax Reassessment Notice

The Delhi High Court has clarified on the surviving time period for income tax...

License Fees Paid By Law Firm To Use Goodwill Of Founder Is Business Expense: Delhi High Court Allows Income Tax Deduction

The Delhi High Court has allowed the income tax deduction as the license fees...

Burden Lies On Assessee To Prove Lack Of Willful Default In Filing ITR: Karnataka High Court Upholds Prosecution Initiated By Income Tax Dept. 

The Karnataka High Court while upholding the prosecution initiated by income tax department held...

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JURISHOUR | TAX LAW DAILY BULLETIN : FEBRUARY 24, 2026

Here’s the Tax Law Daily Bulletin for February 24, 2026.GSTMERITS MUST PREVAIL OVER TECHNICAL...

S. 7 IBC Applications Must Be Admitted in Absence of DTD-Compliant Restructuring: Supreme Court

The Supreme Court has held that Section 7 IBC applications must be admitted in...

IBC Overrides Defunct Companies Act Scheme: SC Restores CIRP Against Corporate Debtor

The Supreme Court has held that a long-pending and procedurally non-compliant Scheme of Arrangement...

DGFT Exempts ITC HS Chapters 01–24 from Reduced RoDTEP Rates Notified on February 23

The Directorate General of Foreign Trade (DGFT) has issued a corrigendum clarifying that the...