Income Tax Departmenttax
ITR-1 Filing Checklist for AY 2026-27
This article provides a practical ITR-1 checklist aimed at salaried individuals to prepare for the upcoming filing season for AY 2026-27.
Jul 4, 2026Read more →
Court News
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
Income Tax Departmenttax
Analysis of New Tax Audit Limits Under Section 44AB
This article analyzes the changes in tax audit limits under Section 44AB, revealing which taxpayers will be affected by the revised provisions.
Jul 4, 2026Read more →
Income Tax Departmenttax
Complete ITR-4 Checklist for AY 2026-27
This article provides a comprehensive checklist for presumptive taxpayers under sections 44AD and 44ADA, ensuring they record their income and comply with filing requirements for AY 2026-27.
Jul 4, 2026Read more →
Income Tax Departmenttax
Deep Dive into Section 56(2)(viib) of Income Tax Act, 1961
This article explores the intricacies of Section 56(2)(viib) of the Income Tax Act, which imposes tax on shares issued above Fair Market Value. Understanding the nuances of Fair Market Value assessment is vital for tax practitioners.
Jul 4, 2026Read more →
Madras High Courtcriminaltax
Madras HC Acquits Customs Officer in Assets Case
The Madras High Court acquitted a customs preventive officer charged with disproportionate assets, emphasizing the need for comprehensive asset assessment during investigations.
Jul 3, 2026Read more →
N/Acorporatetax
SEBI Proposes Municipal Bond Rule Changes to Boost Retail Investor Participation
SEBI's proposed amendments to the Municipal Debt Securities Regulations aim to enhance retail investor participation through improved disclosures and new incentives.
Jul 3, 2026Read more →
Orissa High Courttax
Entry Tax Assessment Under OET Act: Orissa HC Directs OSTT to Adjudicate Jurisdictional Issue in Tax Dispute
The Orissa High Court has instructed the OSTT to resolve jurisdictional questions in a tax dispute under the OET Act, emphasizing the need for a comprehensive hearing.
Jul 2, 2026Read more →
Bombay High Courttax
Bombay HC Stays GST Penalty Action Against Director
The Bombay High Court has restrained GST penalty actions against a company director while reviewing jurisdictional challenges related to the penalty.
Jul 2, 2026Read more →
Punjab and Haryana High Courttaxconstitutional
GST Writ Petition Dismissed as Delay & Laches Barred Relief: P&H HC
The Punjab and Haryana High Court dismissed a GST writ petition due to unexplained delays, reinforcing the doctrine of laches and the importance of timely action in legal challenges.
Jul 2, 2026Read more →
Various Courtstax
GST Enforcement Cannot Treat Missing Old Vouchers as Fake ITC Without Proper Evidence
Courts have emphasized the need for comprehensive evidence in GST enforcement actions, arguing that missing old vouchers cannot be deemed as fake ITC without supporting documentation.
Jul 2, 2026Read more →
GSTNtax
Gross GST Collections Rises by 13.9% in June 2026
Gross GST collections for June 2026 reached ₹1.94 lakh crore, marking a 13.9% increase driven by higher domestic and import revenues.
Jul 2, 2026Read more →
Gujarat High Courttaxconstitutional
Gujarat HC Upholds Power to Issue Post-GST Service Tax Notices but Quashes Them on Limitation
The Gujarat High Court upheld the authority to issue service tax notices post-GST but quashed those issued beyond the limitation period. The court clarified statutory remedy requirements.
Jul 2, 2026Read more →