ITR Forms AY 2026–27: 8 Big Changes Every Taxpayer Must Know Before Filing Returns
ITR Forms AY 2026–27: 8 Big Changes Every Taxpayer Must Know Before Filing Returns The Income Tax Return (ITR) forms for FY 2025–26 (AY 2026–27) bring a series of structural and disclosure-based changes that reflect the tax department’s growing focus on data transparency, cross-verification, and AI-driven scrutiny. While many taxpayers assume ITR forms remain largely… […]
Late Fee for Tax Audit Report as introduced by the Finance Act 2026: Will It Apply to FY 2025–26 or FY 2026–27 onwards
Late Fee for Tax Audit Report as introduced by the Finance Act 2026: Will It Apply to FY 2025–26 or FY 2026–27 onwards New Income Tax Act – 2025 is made applicable from 01.04.2026. With this, one of the biggest confusions after the Finance Act 2026 is this: Will the newly introduced… […]
Section 153C Proceedings Quashed: ITAT Pune Rules Separate Satisfaction for Each Year is Mandatory
Section 153C Proceedings Quashed: ITAT Pune Rules Separate Satisfaction for Each Year is Mandatory TAT Pune in the case of Ramdas Chabaji Dhankude & Vikas Narayan Dhankude vs ACIT has quashed the proceeding under section 153C by holding that Separate Satisfaction for Each Year is Mandatory. Search assessments continue to be one of the… […]
WhatsApp Chats & SMS as Evidence in Tax Search? ITAT Delhi Draws a Clear Line
WhatsApp Chats & SMS as Evidence in Tax Search? ITAT Delhi Draws a Clear Line In an era where tax investigations increasingly rely on digital footprints, a recent ruling by the Income Tax Appellate Tribunal (ITAT), Delhi Bench, has sent a strong message to the Revenue authorities: electronic evidence cannot replace proper proof. The decision… […]
Cases where returned income exceeds ₹15 lakh must be handled by the ACIT or higher authorities Not doing so would render Assessment void ab-initio
Cases where returned income exceeds ₹15 lakh must be handled by the ACIT or higher authorities Not doing so would render Assessment void ab-initio Reassessment under Section 147 of the Income Tax Act is not merely a procedural exercise-it requires strict compliance with jurisdictional conditions and statutory safeguards. In a significant ruling, the Delhi ITAT has… […]
Cross Examination in Income Tax Assessment: Your Strongest Weapon Against Wrong Additions
Cross Examination in Income Tax Assessment: Your Strongest Weapon Against Wrong Additions In today’s era of AI-driven tax scrutiny, data analytics, and increasing reliance on third-party information, one principle has become critically important in income tax proceedings: the right of cross-examination. Despite its importance, many taxpayers and even professionals either overlook it or fail… […]
Paying Rent to Spouses or Parents? HRA Claims Under Scanner
Paying Rent to Spouses or Parents? HRA Claims Under Scanner If you thought paying rent to your parents or spouse was a simple way to optimise your taxes, the Income Tax Department now wants a little more than family trust-it wants proof. From April 1, 2026, salaried taxpayers claiming House Rent Allowance (HRA) will… […]
Think Before You Click Submit: ITR Forms Get Smarter
Think Before You Click Submit: ITR Forms Get Smarter Filing an ITR used to be about filling numbers. Now, it is about matching data. The newly notified ITR forms for AY 2026–27 may look familiar, but the system behind them has become far more intelligent—and far less forgiving. The real shift is not in the… […]
Beneficial Circulars Cannot Be Restricted by Year: Delhi High Court Expands Relief of CBDT Circular for charitable Trusts
Beneficial Circulars Cannot Be Restricted by Year: Delhi High Court Expands Relief of CBDT Circular for charitable Trusts In a landmark ruling reinforcing fairness in tax administration, the Delhi High Court has held that beneficial circulars issued by CBDT under Section 119(2)(b) cannot be narrowly restricted to specific assessment years. The Court observed that doing… […]
silence Does Not Mean Ignorance: Telangana High Court Quashes Reopening
silence Does Not Mean Ignorance: Telangana High Court Quashes Reopening In a powerful ruling reinforcing taxpayer safeguard, the Telangana High Court has held that mere silence in an assessment order does not imply lack of application of mind by the Assessing Officer (AO). The Court quashed reassessment proceedings for AY 2016-17, holding that reopening based on… […]
