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Karnataka High Court Quashes Penalty For Non-Deduction Of TDS On Professional Advice 

The Karnataka High Court has quashed the penalty for non-deduction of TDS on professional...

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...

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JURISHOUR | TAX LAW DAILY BULLETIN : 28 May, 2026

Here’s the Tax Law Daily Bulletin for May 28, 2026.GSTPUNJAB & HARYANA HIGH COURT...

Liquidation After Successful Resolution Applicant Backtracks From CoC-Approved RP: Supreme Court 

The Supreme Court has held that a Successful Resolution Applicant (SRA) cannot withdraw from...

S. 138 NI Act Proceedings Continue Despite Personal Insolvency Moratorium Under IBC: Supreme Court

The Supreme Court has held that proceedings under Section 138 of the Negotiable Instruments...

No TIP, Doubtful Identification: Supreme Court Acquits Convicts In Rape-Murder Case

The Supreme Court has acquitted two men who had been sentenced to death in...