Clipped from: https://taxguru.in/income-tax/income-tax-faceless-assessment-virtual-hearing-officer-join-vc.html The faceless assessment regime was introduced with the objective of transparency, efficiency and elimination of physical interface. One of the important safeguards built
CIT(A) Cannot Dismiss Appeal Solely for Delay & Decide on Merits: ITAT Raipur
Clipped from: https://taxguru.in/income-tax/cit-a-dismiss-appeal-delay-order-set-matter-remanded-fresh-adjudication-itat-raipur.html Rajesh Kumar Singhania HUF Vs ITO (ITAT Raipur) CIT(A) Cannot Dismiss Appeal Only for Delay – Order Set Aside Matter Remanded for Fresh
Bombay HC Quashes Reassessment as Section 148 Notice Issued by Wrong Authority
Clipped from: https://taxguru.in/income-tax/bombay-hc-quashes-reassessment-section-148-notice-issued-wrong-authority.html Vibhavari Bharat Bhatt Vs ITO (Bombay High Court) The Bombay High Court considered a writ petition challenging multiple proceedings initiated under the Income
ITAT Delhi Quashed Section 263 Revision as AO Took a Possible View
Clipped from: https://taxguru.in/income-tax/itat-delhi-quashed-section-263-revision-ao-view.html Mukul Rohatgi Vs PCIT (ITAT Delhi) This appeal arose from a revision order passed under Section 263 of the Income-tax Act, 1961 for
Reassessment Quashed as Year of Search Cannot Be Reopened Under Section 148
Clipped from: https://taxguru.in/income-tax/reassessment-quashed-year-search-reopened-section-148.html Arjun Singh Sahi Vs DCIT/ACIT (ITAT Dehradun) The appeal for Assessment Year 2017-18 arose from reassessment proceedings initiated under Sections 147 and 148
Delhi HC Dismisses Reopening Based Solely on Audit Objection
Clipped from: https://taxguru.in/income-tax/delhi-hc-dismisses-reopening-based-solely-audit-objection.html PCIT Vs Chand & Co. Ltd. (Delhi High Court) The Revenue challenged two ITAT decisions holding that reopening of assessment for AY 2007-08
Draft Income Tax Rule 46 – Maintenance of books of accounts under section 62 of the Act
Clipped from: https://taxguru.in/income-tax/draft-income-tax-rule-46-maintenance-books-accounts-section-62-act.html Rule 46 of the Draft Income-tax Rules, 2026 lays down comprehensive requirements for maintenance of books of account under Section 62. Every person
Draft Income Tax Rule 47 and 48: Audit Report U/s 63; Other Electronic Payment Modes
Clipped from: https://taxguru.in/income-tax/draft-income-tax-rule-47-48-audit-report-u-s-63-electronic-payment-modes.html Extract of Rules 47 and 48 of the Draft Income-tax Rules, 2026 outlines compliance requirements relating to audit reporting and electronic payments. Rule
Draft Income Tax Rule 49 – Computation of capital gains for the purposes of section 67(5)
Clipped from: https://taxguru.in/income-tax/draft-income-tax-rule-49-computation-capital-gains-purposes-section-67-5.html Rule 49 of the Draft Income-tax Rules, 2026 lays down the mechanism for computing capital gains under Section 67(5) where amounts are received
Dubai earnings sent through banking channels, yet tax notice issued: ITAT Ahmedabad rules property purchase can’t be treated as unexplained investment – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/dubai-earnings-sent-through-banking-channels-yet-tax-notice-issued-itat-ahmedabad-rules-property-purchase-cant-be-treated-as-unexplained-investment/articleshow/128842365.cms Listen to this article in summarized format When Mr Kalwani, who used to work in Dubai since 1993 used his savings to buy
How SIM swap fraud drains your money and what you can do today – The Economic Times
lipped from: https://economictimes.indiatimes.com/wealth/save/how-sim-swap-fraud-drains-your-money-and-what-you-can-do-today/articleshow/128304052.cms?utm_source=copilot.com Listen to this article in summarized format A SIM card is a very crucial link in our connected world. Without a SIM, you
Your income tax anwered: Redevelopment of inherited house triggers capital gains tax – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/your-income-tax-anwered-redevelopment-of-inherited-house-triggers-capital-gains-tax-4157113/ Learn the tax implications of redeveloping inherited property under Joint Development Agreements and how to maximize home loan interest deductions for multiple properties
Tax Talk: Expanded metro list for HRA adds shine to old tax regime – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/tax-talknbspexpanded-metro-list-for-hra-adds-shine-to-old-tax-regime-4157132/ The draft Income Tax Rules 2026 propose expanding the 50% HRA exemption limit to Bengaluru, Hyderabad, Pune, and Ahmedabad. Draft Tax Rules 2026:
Section 122(3A) CGST: Are GST Professionals at Risk?
lipped from: https://taxguru.in/goods-and-service-tax/section-1223a-cgst-gst-professionals-risk.html Section 122(3A) CGST: A Harsh Net Around Tax Professionals – Need for Intent‑Based Safeguards Section 122(3A) (inserted as 122(1A) and then re‑numbered) is
Mother excluded from son’s inheritance if he dies intestate and is survived by wife, children: Karnataka HC rules – The Economic Times
lipped from: https://economictimes.indiatimes.com/wealth/legal/will/mother-excluded-from-sons-inheritance-if-he-dies-intestate-and-is-survived-by-wife-children-karnataka-hc-rules/articleshow/128851446.cms Listen to this article in summarized format In a significant judgement, the Karnataka High Court ruled on February 2, 2026, that under Sections
Dubai earnings sent through banking channels, yet tax notice issued: ITAT Ahmedabad rules property purchase can’t be treated as unexplained investment – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/dubai-earnings-sent-through-banking-channels-yet-tax-notice-issued-itat-ahmedabad-rules-property-purchase-cant-be-treated-as-unexplained-investment/articleshow/128842365.cms Listen to this article in summarized format When Mr Kalwani, who used to work in Dubai since 1993 used his savings to buy
Flying to India with gold or jewellery, camera or wristwatch? New baggage rules you must know – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/save/flying-to-india-with-gold-or-jewellery-camera-or-wristwatch-new-baggage-rules-you-must-know/articleshow/128844796.cms ET OnlineFlying to India with gold? Know these baggage rules To make international travel simpler and more transparent, Minister of State for Finance,
US visa denied despite Fifa WC tickets: Indian businessman explains ordeal | Immigration News – Business Standard
Clipped from: https://www.business-standard.com/immigration/us-visa-denied-despite-fifa-wc-tickets-indian-businessman-explains-ordeal-126022700795_1.html US visa cancelled: An Indian managing director said his B1/B2 visa was denied under Section 214(b) even after securing Fifa World Cup 2026
Early signs of fiscal stress – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/early-signs-of-fiscal-stress/4156187/ Firming treasury yield warrants a relook at the fiscal arithmetic Why Long-Term Yields are Rising Despite the RBI’s ₹6.5 Lakh Crore Infusion By
Claiming HRA? Salaried taxpayers need to disclose their relationship with the landlord in draft income tax rules 2026; know what precautions to take – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/claiming-hra-salaried-taxpayers-need-to-disclose-their-relationship-with-the-landlord-in-draft-income-tax-rules-2026-know-what-precautions-to-take/articleshow/128803116.cms Listen to this article in summarized format The draft Income Tax Rules, 2026 propose a new disclosure requirement for salaried employees who are claiming