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[SITUATION] · [ACTIVE]

167 clusters · 111 sources · 85 days · First seen 3 months ago · Last updated about 15 hours ago

India tax filing & tribunal updates (July 2026)

Entities: Bombay High Court · Shreshta IT Technologies · Income Tax Department (India) · DBM Geotechnics & Construction Pvt. Ltd · Dr. Agarwal’s Health Care Limited

Overview

India’s tax administration continues to refine filing deadlines, tribunal rulings and regulatory reforms introduced after the 2025 overhaul of the Income‑Tax Act. For assessment year 2026‑27, the Department confirmed that ITR‑1/2 returns are due by 31 July 2026 and ITR‑3/4 by 31 August 2026, with penalties of ₹1,000‑₹5,000 under Sec 234F and interest under Sec 234A for late filing; the Updated Return (ITR‑U) remains available for up to 48 months, attracting a surcharge of 25‑70 % depending on delay. The Income Tax Appellate Tribunal (ITAT) set aside two assessments: a Black‑Money‑Act order against Vijendra Kedia, finding lack of jurisdiction because he was a Not Ordinarily Resident, and a revision order under Sec 263 for Kulbhushan Mittal, clarifying the limitation period. Separate ITAT benches ruled that a clerical error cannot disallow a partner’s remuneration deduction and that working‑partner remuneration may qualify for presumptive taxation under Sec 44ADA, though contrary decisions elsewhere leave the issue unresolved. The new Income‑Tax Act 2025 took effect on 1 April 2026, consolidating provisions and introducing a revised numbering scheme, with implications for M&A due‑diligence. Rule 46(8) now obliges electronic book‑keepers to maintain daily backups on servers located in India. The Customs, Excise and Service Tax Appellate Tribunal overturned a confiscation of exotic birds and, in parallel, the CBIC designated Udongudi in Tamil Nadu as a customs station for coal imports. At the 167th Income‑Tax Day, CBDT Chair Ravi Agarwal highlighted accelerated return processing, stronger grievance redressal and a suite of digital tools—PAN 2.0, ITBA 2.0, IEC 3.0, Kar Saathi and the SAKSHAM NUDGE framework—alongside outreach programmes PRARAMBH and Samvaad and six flagship publications. Governor Shiv Pratap Shukla praised honest taxpayers and underscored faster refunds, pre‑filled returns and expanded PAN issuance.

Timeline

about 15 hours ago

[BUSINESS] 4 sources
India Income Tax Return Deadline Triggers Scam Warnings
India's July 31, 2026 income tax filing deadline carries penalties for late returns, while scammers circulate phishing emails disguised as official notices, prompting warnings from Shreshta IT Technologies and
2 days ago

[BUSINESS] 2 sources
Indian Courts Restrict Revenue Tax Enforcement in Reassessment and Insolvency Cases
The Chennai ITAT quashed a tax reassessment lacking a justified addition, and the Bombay High Court barred revenue from reviving tax demands after a NCLT‑approved resolution plan.
3 days ago

[POLITICS] 8 sources
India's Tax Authority Highlights Faster Returns, Grievance Redressal
India's tax authority reported faster return processing, stronger grievance redressal and digital upgrades, while officials praised honest taxpayers and ongoing reforms.
4 days ago

[BUSINESS] 2 sources
India Customs Tribunal Overturns Bird Confiscation as CBIC Adds Udongudi Coal Port
India's CESTAT overturns exotic bird confiscations due to lack of smuggling proof, while CBIC designates Udongudi, Tamil Nadu as a new customs port for coal imports.
4 days ago

[BUSINESS] 2 sources
India's new Income‑Tax Act and data‑localisation rule take effect April 2026
India's Income‑tax Act, 2025 replaces the 1961 law on 1 April 2026, reshaping M&A due diligence, while Rule 46(8) forces daily India‑based backups of electronic accounting records.
4 days ago

[BUSINESS] 3 sources
India's ITAT Allows Partner Remuneration Deductions and Presumptive Taxation
India's ITAT rulings allow partner remuneration deductions despite clerical errors and permit presumptive taxation under Section 44ADA, though other benches disagree.
5 days ago

[BUSINESS] 2 sources
India's ITAT overturns tax assessments in two separate cases
India's ITAT nullified a Black Money assessment for a not‑ordinarily‑resident taxpayer and overturned a revision order, ruling the limitation period starts from the original assessment.
5 days ago

[BUSINESS] 8 sources
India sets 2026 Income Tax Return deadlines: July 31 for ITR‑1/2, August 31 for ITR‑3/4
India’s 2026‑27 tax filing deadlines are 31 July for ITR‑1/2 and 31 August for ITR‑3/4; late filing incurs fines, interest and loss‑carry restrictions, while ITR‑U offers a four‑year update window with extraTax
7 days ago

[BUSINESS] 3 sources
Indian Courts Clarify Income‑Tax Reassessment Procedures
India’s Allahabad High Court voids tax notices to deceased heirs, while ITAT rulings curb arbitrary land valuation and require a live link for reopening assessments under section 148.
7 days ago

[BUSINESS] 2 sources
India expands voluntary tax return option and outlines refund tracking steps
India widens voluntary updated return rules under Section 139(8A) and provides online steps for checking tax refund status, usually within 4‑5 weeks after e‑verification.
8 days ago

[BUSINESS] 3 sources
India's CESTAT Issues Service Tax Rulings on Securities Investment and Police Building Construction
India's CESTAT upheld tax demands on IFCI's securities‑investment credit and confirmed service‑tax liability for police‑building construction, defining tax treatment for investment and non‑commercial projects.
9 days ago

[BUSINESS] 2 sources
Tax rules for fixed deposit interest in Australia and India
Australia and India require fixed‑deposit interest to be declared in tax returns, with specific TDS rates and deduction limits in each country.
9 days ago

[BUSINESS] 2 sources
India's Income Tax Appellate Tribunal overturns penalty and affirms foreign tax credit claim
India's ITAT nullified a ₹49 crore penalty on POSCO for non‑reporting and ruled that a foreign tax credit claim cannot be denied solely due to delayed Form 67 filing.
10 days ago

[BUSINESS] 2 sources
India's ITAT Rules on Charitable Status for Community Trust and Vedic Education Society
India's ITAT denied Section 12AB registration for a community‑specific trust while granting 80G(5) approval to a Vedic education society, deeming the latter charitable.
10 days ago

[BUSINESS] 2 sources
India’s Old vs New Tax Regime Options for AY 2026‑27
India’s taxpayers choose between the Old Regime’s deductions and the New Regime’s lower rates; a break‑even investment threshold determines which offers greater savings for each income level.
10 days ago

[BUSINESS] 5 sources
India Income Tax Filing Checklist and Common Errors for Salaried Workers
Indian tax guides list 25 filing checkpoints and warn salaried workers of common mistakes like wrong regime choice and undisclosed foreign assets, which can trigger penalties.
11 days ago

[BUSINESS] 5 sources
India's CBDT launches online view of foreign assets in tax portal
India's CBDT added a feature to the Income Tax e‑Filing portal allowing taxpayers to view foreign asset data received from over 100 partner countries in the Annual Information Statement, aimed at improving tax‑
13 days ago

[BUSINESS] 7 sources
India Income Tax Return Deadline July 31, 2026 – Penalties and Filing Guidance
India’s ITR filing deadline is July 31, 2026; late returns incur ₹1,000‑₹5,000 penalties, interest, loss of deductions, and refund delays. No extension is expected, so filing early and having all documents (PAN
13 days ago

[BUSINESS] 2 sources
Indian Tax Tribunal Allows Capital Loss on Flat Rights Surrender and Business Loss Set‑Off
India's ITAT ruled that compensation for surrendering flat allotment rights qualifies as a capital asset, permitting a long‑term capital loss claim, and also allowed a company to offset carried‑forward business
15 days ago

[BUSINESS] 6 sources
India Sets July 31 Deadline for 2026 Income Tax Returns, Outlines Penalties and New Compliance Rules
India’s Income Tax Department sets a 31 July 2026 deadline for AY 2026‑27 returns, detailing late‑filing fees, penalties up to 200 % for concealment, required ITR forms, and new foreign‑asset reporting rules.
16 days ago

[BUSINESS] 2 sources
India's AI Tax Tools Warn of AIS Filing Errors and Highlight Non‑Taxable Transactions
AI tax platforms like TaxBuddy aim to prevent filing errors in India's ITRs, while experts stress that many AIS entries—cash moves, FD principals, investments, property purchases—are informational and not taxed
16 days ago

[BUSINESS] 2 sources
IRS and Indian Tax Departments Speed Up Refund Processing
The IRS and India’s tax authorities report faster refunds: the U.S. aims for 21‑day direct‑deposit payouts, while many Indian salaried taxpayers now get refunds in 7–10 days after e‑verification.
16 days ago

[BUSINESS] 2 sources
India's 2026 investment guides detail mutual fund options and new tax provisions
India's 2026 guides explain mutual fund basics, SEBI regulation and new tax rules, helping investors choose funds, SIPs and assess deductions under the Income‑Tax Act 2025.
16 days ago

[BUSINESS] 3 sources
India's GST Council Considers ITC Protection for Buyers Amid Supplier Tax Default Concerns
India's GST Council panel approved a plan to protect buyers' Input Tax Credit despite supplier tax defaults, pending full council review.
17 days ago

[BUSINESS] 8 sources
India's Income Tax Department reports over 1.7 crore returns filed for AY 2026‑27
India's Income Tax Department says over 1.7 crore returns filed for AY 2026‑27, urges completion by July 31, and launches an ITR‑7 Excel utility for eligible trusts and parties.
18 days ago

[BUSINESS] 3 sources
India and Australia implement sweeping tax reforms
India’s 2025 Income Tax Act simplifies filing and raises thresholds, while Australia’s 2026 tax changes cut rates, add a $1,000 instant deduction and raise Medicare levy limits.
18 days ago

[BUSINESS] 2 sources
India Supreme Court decisions overhaul gambling regulation and GST on betting
India's Supreme Court upheld state bans on betting games and affirmed GST on betting claims, classifying online gaming platforms as suppliers and applying retroactive tax rules, impacting over INR 1 lakh crore.
19 days ago

[BUSINESS] 2 sources
India expands low‑cost mobile filing for Income Tax Returns
India's tax department tightens AI checks as PhonePe and Jio Finance offer mobile ITR filing from Rs 24, aiming to simplify returns before the July 31 deadline.
19 days ago

[BUSINESS] 2 sources
India tax filing guide warns of common ITR mistakes and form rules
India's tax experts advise taxpayers to avoid common ITR filing errors and select the correct form, noting that capital gains, property sales, business income, foreign assets and other transactions disqualify I
19 days ago

[BUSINESS] 2 sources
India updates ITR filing rules for intraday and futures‑options traders for AY 2026‑27
India’s tax department has revised ITR forms for AY 2026‑27, requiring intraday traders to use ITR‑3 (code 21009) and F&O traders ITR‑3 (code 21010), with separate turnover reporting, new disclosure mandates, a
20 days ago

[BUSINESS] 2 sources
India's Income Tax Department Launches Excel Utility for ITR‑5 Returns FY 2025‑26
India's tax department released an Excel utility for ITR‑5 FY 2025‑26 filings, detailing eligible entities and due dates up to 30 Nov 2026; missing deadlines blocks loss carry‑forward.
20 days ago

[POLITICS] 2 sources
Telangana High Court orders tax reassessment and revenue service reforms
Telangana High Court overturns a GST reassessment order for procedural violations and orders the Revenue Department to detail citizen‑service SOPs and police vacancy recruitment status.
23 days ago

[BUSINESS] 3 sources
Indian courts grapple with anti‑money‑laundering and insolvency law clash, plus major 2026 Supreme Court rulings
India's Delhi High Court ruled PMLA and IBC act separately on asset attachment, while the Supreme Court issued key 2026 decisions on arbitration, tax, insurance and education law.
23 days ago

[BUSINESS] 2 sources
India rolls out higher bus fares and loosens EPF withdrawal rules
India raises bus fares and, from June 2026, eases EPF withdrawal rules for housing, medical, education, marriage and emergencies.
23 days ago

[BUSINESS] 3 sources
India updates income‑tax filing rules for Assessment Year 2026‑27
India's Finance Act 2026 revises tax exemptions and updates ITR‑1 filing for AY 2026‑27, adding new allowance details and a July 31 deadline with a late‑filing period to Dec 31.
25 days ago

[BUSINESS] 2 sources
India's Income Tax Appellate Tribunal Quashes Improper Assessments
India's ITAT nullified an assessment issued to a deceased taxpayer and quashed a reassessment where PCIT approval was used instead of the required PCCIT, underscoring strict compliance with tax law limits.
25 days ago

[POLITICS] 2 sources
Madras High Court Issues GST Assessment Remand and Stays DVAC Inspector Suspension
Madras High Court remanded a GST assessment, requiring full tax deposit, and stayed the suspension of a DVAC inspector pending further evidence.
25 days ago

[BUSINESS] 2 sources
India's New Income Tax Act Simplifies Filing and Expands Deductions
India's 2025 Income Tax Act replaces the dual assessment-year system with a single Tax Year, removes the need for two returns, and adds new deductions and exemptions for residents and companies, with e‑filing支持
25 days ago

[BUSINESS] 2 sources
India's Tax Department Highlights AI Filing Risks and AIS‑ITR Mismatches
India's tax authority cautions that generic AI may cause ITR errors and stresses matching AIS data to avoid notices, while AI‑assisted services promise greater accuracy.
25 days ago

[BUSINESS] 2 sources
India's CESTAT upholds excise duty recovery and affirms taxpayer CENVAT credit rights
India's CESTAT upheld ₹7.20 lakh excise duty recovery for Kesar Ispat and affirmed a ₹33.16 lakh CENVAT credit right for Grace Infraventures, clarifying tax credit rules.
26 days ago

[BUSINESS] 2 sources
India's ITAT invalidates improper income‑tax penalty and Section 148 notices
India's ITAT struck down penalty notices lacking specific charges under Section 271AAB and voided a Section 148 notice issued beyond the ACIT's jurisdiction, cancelling penalties and a reassessment.
26 days ago

[BUSINESS] 2 sources
India's GST tax system hits nine-year mark with soaring taxpayers and collections
India's GST marks nine years with a jump to 16.5 million taxpayers and ₹22 lakh crore collections, while firms are urged to reconcile GSTR‑2B quickly to avoid penalties.
27 days ago

[BUSINESS] 3 sources
India rolls out major financial and LPG policy changes on July 1, 2026
From July 1 2026 India raises passport fees, cuts fuel prices, tightens credit‑card rules, launches EPFO‑UPI withdrawals, and imposes new OTP‑based LPG cylinder booking and subsidy changes.
27 days ago

[BUSINESS] 2 sources
India's GST Court Case and Appeal Deadline Extension Highlight Tax Compliance Issues
India's Madras High Court ordered a GST case reply due to missing job‑work records, while the government pushed the GST appellate appeal deadline to July 31 after portal overload.
27 days ago

[BUSINESS] 2 sources
India's ITAT orders fresh hearing in donation exemption case and overturns unsubstantiated tax additions
India's ITAT remands a 80GGC donation exemption case for fresh hearing and overturns multiple tax additions against the Kalta group due to insufficient evidence.
27 days ago

[POLITICS] 3 sources
India pushes GST appellate deadline to July 31, 2026
India extends the GST Appellate Tribunal filing deadline to July 31, 2026 after portal overloads saw about 30,000 appeals in two weeks, aiming to ease technical strain.
27 days ago

[BUSINESS] 6 sources
India extends GST Appellate Tribunal appeal deadline to July 31, 2026
India's finance ministry extended the GST Appellate Tribunal filing deadline to 31 July 2026 after a surge of 30,000 appeals caused portal issues, urging early submissions.
27 days ago

[BUSINESS] 2 sources
India's CESTAT Overturns Service Tax and Customs Duty Demands
India's CESTAT cancelled a service tax demand on Tabassum Enterprises due to insufficient evidence and reversed customs duties on Gem Granites, affirming exemption for capital goods used in quarrying.
28 days ago

[BUSINESS] 2 sources
India’s Chartered Accountant profession transformed by 2026 tax law and emerging career paths
India’s new Income Tax Act 2025 and real‑time GST rules are reshaping Chartered Accountants into strategic advisors, while AI tools and untapped sectors such as sports, media, agri‑business, renewables and 
29 days ago

[BUSINESS] 3 sources
India CBDT rolls out ITR-1 and ITR-2 updates for FY 2025‑26
India's CBDT updates ITR‑1 and ITR‑2 for FY 2025‑26, expanding ITR‑1 eligibility, tightening ITR‑2 disclosures, and making the New Tax Regime default; filing deadline is 31 July 2026.
29 days ago

[BUSINESS] 6 sources
India's GST system embraces AI as taxpayer base reaches 1.65 crore
India's GST administration is using AI to boost enforcement as the taxpayer base hits 1.65 crore, while a Deloitte survey finds 89 % of firms want AI‑driven GSTN 2.0 features.
29 days ago

[BUSINESS] 2 sources
India Extends GST Appeal Deadline, Marks 10‑Year GST Milestone
India extended the GST Appellate Tribunal appeal deadline to July 31 2026 due to portal overload, and marked GST’s 10‑year anniversary with plans for GST 2.0 reforms and AI‑driven compliance.
29 days ago

[BUSINESS] 3 sources
India's ITAT trims bogus purchase penalty to 10% and upholds ₹23 Lakh tax addition in Bengaluru case
India's ITAT lowered a bogus purchase penalty to 10% for a civil contractor and confirmed a ₹23 Lakh tax addition in a Bengaluru cash‑seizure case.
30 days ago

[BUSINESS] 3 sources
India June 30 2026 deadline for LPG e‑KYC, ITR scrutiny and other financial tasks
India’s June 30 2026 deadline requires LPG subsidy beneficiaries to finish e‑KYC, caps Income Tax scrutiny notices, and precedes passport fee hikes and new railway penalties.
30 days ago

[BUSINESS] 2 sources
India's ITAT Allows Section 80P Tax Deductions for Co‑operative Societies
India's ITAT rulings permit Section 80P deductions for co‑operative societies on interest from co‑op banks and for societies with nominal members, covering assessments 2017‑19 (and 2020‑21 for the sugar federa
30 days ago

[BUSINESS] 4 sources
Indian Courts Void Tax Authority Actions Over Procedural Flaws
Indian courts void GST arrest, Section 74 notices, and tax reassessments citing procedural lapses, lack of fresh material, and unsupported extrapolation.
about 1 month ago

[BUSINESS] 2 sources
India's 2025 Income Tax Act reforms introduce dual filing tracks and extended updated return window
India's 2025 Income Tax Act runs alongside the 1961 Act, altering filing periods, section numbering and depreciation rules, while the Updated Return scheme now allows a 48‑month window but is restricted during
about 1 month ago

[BUSINESS] 4 sources
India's Goods and Services Tax (GST) Marks 9‑Year Milestone with Near‑Universal Business Acceptance
India's GST hits a 9‑year milestone; 99% of firms report positive experiences, Deloitte backs GST 2.0 plans, and taxpayer numbers and collections have doubled.
about 1 month ago

[BUSINESS] 2 sources
Indian CESTAT Grants Tax Refunds to Integral Coach Factory and Dr. Reddy’s SEZ Unit
CESTAT allowed Integral Coach Factory's excise‑duty refund despite missing batch numbers and granted Dr. Reddy’s SEZ unit a service‑tax refund, overturning procedural rejections.
about 1 month ago

[BUSINESS] 2 sources
India and Bangladesh roll out consumer financial rule changes on July 1
Effective 1 July, India and Bangladesh will implement consumer‑focused financial reforms, including new tax filing deadlines, free Aadhaar email updates, credit‑card reward changes, higher passport fees in IND,
about 1 month ago

[BUSINESS] 4 sources
India's Tax Authority urges document reconciliation and warns of June 30 scrutiny notice
India's tax department urges taxpayers to reconcile Form 16, AIS and Form 26AS before filing AY 2026‑27, warns of scrutiny notices by June 30, and stresses early e‑filing registration.
about 1 month ago

[BUSINESS] 2 sources
Delhi Income Tax Appellate Tribunal deletes Section 68 tax additions after lenders proved legitimacy
ITAT Delhi ruled Section 68 tax additions could not be sustained when borrowers proved lenders’ identity, creditworthiness and genuineness, deleting additions of ₹5.5 million for R N Creations and ₹80 million ₹
about 1 month ago

[BUSINESS] 3 sources
India Introduces Major Financial Rule Changes Effective July 1, 2026
From July 1 2026 India will roll out new tax filing deadlines, EPFO digital withdrawals, higher DA for central employees, tighter credit‑card rewards rules, and TDS errors must be corrected on the legacy TRACES
about 1 month ago

[BUSINESS] 3 sources
India's Income Tax Appellate Tribunal Overturns Assessments
India's ITAT reversed two assessments, finding a tax officer exceeded limited‑scrutiny scope and ruling that denying TDS credit for not claiming in the original return is unlawful.
about 1 month ago

[BUSINESS] 2 sources
Indian Tax Courts Reject Reassessment Notices in Separate Income Tax Cases
India’s ITAT and Gujarat High Court both dismissed reassessment notices, finding insufficient evidence and vague reasoning to reopen tax assessments under Sections 147 and 148.
about 1 month ago

[BUSINESS] 3 sources
India Tax Authority Identifies 20,000 Cases of Improper Deduction Claims
India's tax department flagged up to 20,000 improper deduction claims and urged corrections, while the new tax regime offers relief up to ₹12.75 million but still mandates ITR filing for higher incomes or large
about 1 month ago

[BUSINESS] 4 sources
India's Tax Filing Tools Face AI Risks and Growing Free Platform Options
Indian tax experts warn against public AI tools for filing returns, citing errors and data‑leak risks, as free DIY platforms like ClearTax, TaxBuddy and Quicko expand to simplify compliance.
about 1 month ago

[BUSINESS] 2 sources
Karnataka High Court quashes service tax on bank minimum‑balance accounts
India's Karnataka High Court annulled service‑tax notices for banks, ruling that maintaining a minimum balance is not consideration for banking services and cannot be taxed.
about 1 month ago

[POLITICS] 2 sources
India GST Appellate Tribunal appeal deadline June 30 2026
India's GSTAT deadline for appeals is 30 June 2026, but the tax bar seeks an extension to 31 December 2026 citing portal technical failures.
about 1 month ago

[BUSINESS] 2 sources
Indian businesses overwhelmingly back GST and demand faster refunds and simpler audits, Deloitte survey shows
A Deloitte survey of 1,096 Indian industry reps shows over 99% support GST, but urges faster refunds, clearer rules and streamlined audits, with many favoring AI‑driven dispute resolution.
about 1 month ago

[BUSINESS] 2 sources
Uttarakhand High Court overturns GST orders, allows registration revival
Uttarakhand High Court quashed a GST order over denied hearing and allowed a cancelled GST registration to be revived pending full payment and filing of returns.
about 1 month ago

[BUSINESS] 3 sources
ITAT rulings favor SBI, employee and individual in Indian tax disputes
India's ITAT quashed a Rs 5.44 lakh TDS demand on SBI, ordered a fresh review of a US‑green‑card holder's foreign tax credit claim, and nullified a penalty for procedural notice flaws.
about 1 month ago

[BUSINESS] 3 sources
India Income Tax Department Confirms No Extension for AY 2026-27 Filing Deadline
India's income tax department says the AY 2026‑27 filing deadline stands on July 31 for most taxpayers, with limited extensions to August 31 for specific categories, and notes June 30 as the final date for Issu
about 1 month ago

[BUSINESS] 2 sources
Indian High Courts Clarify GST Liability for Heirs and Refund Eligibility
Madras HC permits GST action against heirs of a deceased taxpayer, while Bombay HC allows GST refunds for 2017‑18 input tax, deeming the 2019 Section 54 amendment prospective and permitting manual filing.
about 1 month ago

[BUSINESS] 2 sources
ITAT Delhi curtails tax addition in Omaxe case and affirms safe‑harbour for International Oncology Services
ITAT Delhi limited a tax addition in the Omaxe‑related case to the actual seized amount and ruled that a share‑premium discrepancy within 10% safe‑harbour does not warrant a Section 56(2)(viib) addition, also取消
about 1 month ago

[BUSINESS] 3 sources
India's ITAT grants lower tax rate to GIA, rejects ₹68.75 cr Section 68 addition and orders full TDS credit
India's ITAT ruled GIA eligible for 10% tax on technical fees, rejected a ₹68.75 cr Section 68 addition after confirming land‑sale funding, and ordered full TDS credit for an employee despite employer non‑depos
about 1 month ago

[BUSINESS] 2 sources
India's Income Tax Appellate Tribunal Orders Fresh Hearings in Two Tax Cases
India's ITAT ordered a fresh hearing for a taxpayer whose appeal was missed due to notices sent to a temporary email, and ruled that denying tax exemption for a late‑filed Form 10B was unlawful, remanding both.
about 1 month ago

[BUSINESS] 2 sources
India's tax department stresses accurate ITR filing and correction steps
India’s tax department urges accurate ITR filing, lists common errors, and explains how taxpayers can revise returns or use ITR‑U for late corrections.
about 1 month ago

[BUSINESS] 2 sources
India's Income Tax Reforms Raise Compliance Burden Amid Simplification Push
India's 2025 tax reform halves code size and boosts personal tax revenue, but experts say multi‑source earners still face heavy compliance duties.
about 1 month ago

[BUSINESS] 2 sources
India's Income Tax Appellate Tribunal overturns technical disallowances in two tax cases
India's ITAT courts annulled technical tax disallowances, allowing a charitable trust’s capital expenditure claim and deleting a ₹9.17 million addition for foreign travel reimbursements as non‑FTS.
about 1 month ago

[BUSINESS] 3 sources
India extends 2026 ITR filing deadline and eases revision rules
India's 2026 ITR filing deadline is 31 July for individuals; penalties apply for late filing, while revised returns can be submitted without penalty until 31 March 2027.
about 1 month ago

[POLITICS] 2 sources
Bombay High Court blocks tax jurisdiction transfer and bars second conveyance application
Bombay High Court nullified a tax jurisdiction transfer for lack of reasons and barred a second deemed‑conveyance request, citing statutory limits on administrative review.
about 1 month ago

[BUSINESS] 2 sources
India's ITAT Hyderabad overturns tax additions in PVV Infra and Patwari Bakers cases
India's ITAT Hyderabad quashed a Rs 2.93 crore tax addition for PVV Infra and upheld the indexed cost of improvement for Dilip Kumar Gupta, remanding both matters for further review.
about 1 month ago

[BUSINESS] 4 sources
India expands ITR filing deadlines for businesses, companies and auditors in FY 2025‑26
India's tax department extends ITR deadlines: July 31 for individuals, August 31 for non‑audit businesses, October 31 for audited entities, and November 30 for firms with international transactions.
about 1 month ago

[BUSINESS] 2 sources
India tax‑free income sources and ITR filing guidance
India’s ITR utility now captures ten tax‑free income types for AY 2026‑27, while taxpayers are cautioned to avoid filing errors like wrong forms, omitted capital gains, and missing e‑verification.
about 1 month ago

[BUSINESS] 2 sources
Indian Tax Tribunal Overturns Demonetisation Cash Additions for Co‑operative Societies
India's ITAT reversed unexplained‑cash additions for two co‑ops, stating old‑currency or SBN deposits during demonetisation must be linked to actual sales.
about 1 month ago

[POLITICS] 3 sources
India's Income Tax Department to Raise Scrutiny Notices Using AI
India's tax authority will use AI to cross‑check returns against multiple databases, leading to more scrutiny notices and potential penalties for mismatches.
about 1 month ago

[POLITICS] 3 sources
Karnataka High Court restrains misuse of settlements and police overreach in land disputes
Karnataka High Court called a petition to undo a three‑year‑old land settlement an abuse of process and ordered police to limit investigations into civil land disputes, quashing a criminal case against an ally.
about 1 month ago

[BUSINESS] 2 sources
India courts restore and revive Income Tax appeals for taxpayers
India’s ITAT Bangalore and Bombay High Court restored and revived separate Income Tax appeals, directing fresh hearings and fair treatment for the taxpayers involved.
about 1 month ago

[BUSINESS] 2 sources
India's GST System Streamlines Tax Appeals and Boosts E‑Commerce Growth
India's GST provides a clear appeals process and a uniform tax framework that simplifies compliance, offers input tax credits, and drives e‑commerce growth.
about 1 month ago

[BUSINESS] 2 sources
India's ITAT quashes assessment orders, orders fresh hearing in tax case
India's Income Tax Appellate Tribunal quashed assessment orders against Alankit Group for defective satisfaction notes and ordered a fresh hearing for a trust whose Section 12AB registration was rejected for a
about 1 month ago

[POLITICS] 2 sources
India's Union Budget 2026 Overhauls Tax Return Forms and SGB Tax Rules
India’s 2026 Union Budget revamps ITR forms with higher exemptions, new reporting fields, and expands eligibility, while limiting SGB tax exemptions to original holders and imposing 12.5% LTCG tax for others.
about 1 month ago

[BUSINESS] 3 sources
India tax authority issues 44,000 crypto notices, uncovers $104 million of undeclared gains
India's tax department sent over 44,000 crypto tax notices after uncovering ₹888 crore ($104 million) in undeclared gains, enabled by mandatory exchange data reporting.
about 1 month ago

[BUSINESS] 2 sources
India expands ITR‑1 (Sahaj) eligibility and outlines belated filing rules for AY 2026‑27
India’s ITR‑1 (Sahaj) now covers two house properties and certain long‑term capital gains, while missed deadlines can be remedied with belated returns subject to penalties.
about 1 month ago

[BUSINESS] 2 sources
Indian High Courts Clarify GST Registration and Refund Appeal Rules
Indian high courts set guidelines for GST matters: Uttarakhand allows restoration of cancelled registrations after payment, while Telangana mandates the GST appellate body to hear delayed refund appeals with a
about 1 month ago

[BUSINESS] 2 sources
India's ITAT Bangalore Rules on Unclaimed Commission Tax Revision and Glitch‑Related Appeal Delay
ITAT Bangalore quashed a tax revision against Khoday India for unclaimed commission expenses and condoned a delayed appeal by Astormueller Shoes due to portal glitches.
about 1 month ago

[BUSINESS] 2 sources
Indian Tax Tribunal Rejects Unsubstantiated Section 69A Additions
India’s tax law treats unexplained cash credits as taxable income, and a tribunal ruled that managerial position alone doesn’t prove personal ownership under Section 69A, deleting the addition.
about 2 months ago

[BUSINESS] 2 sources
Karnataka High Court Quashes GST Order and Limits Magistrate Power in Tax Cases
Karnataka High Court quashed a GST penalty order for ignoring a taxpayer’s reply and ruled that magistrates can only recover tax arrears, not judge statutory forms, directing fresh proceedings.
about 2 months ago

[POLITICS] 3 sources
India's Supreme Court and GST Tribunal Advance Tax Litigation Rules
India's Supreme Court ruled on curative and review petitions, emphasizing limited grounds for review and Section 74 applicability, while GSTAT proposed procedural reforms to simplify GST appeals.
about 2 months ago

[BUSINESS] 2 sources
India's CBDT holds international webinar on new Income‑tax Act 2025
CBDT hosted a webinar on 9 June 2026 to explain India's new Income‑tax Act 2025 and Rules 2026, drawing 1,100+ participants from 16 countries and covering cross‑border tax, transfer pricing and reforms.

Sources

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