Income Tax

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05 Jun 2026
(2026) TaxCorp(LJ) 38165 (ITAT-RAIPUR)
ITAT-RAIPUR
Parties: Hidayatullah National Law University HNLU Campus Vs The Assistant Commissioner of Income Tax
ITAT : Raipur ITAT Denies Section 10(23C)(iiiab) Exemption to Assessee for Not Meeting ‘Wholly or Substantially Financed...
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05 Jun 2026
(2026) TaxCorp(LJ) 38164 (ITAT-MUMBAI)
ITAT-MUMBAI
Parties: Jean Christophe Pierre Andre Letellier Vs Assessing Officer, Nationale Assessment Centre
ITAT : Mumbai ITAT Upholds Assessee’s Right to Foreign Tax Credit for French Rental Income, Rejects Procedural Barriers
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05 Jun 2026
(2026) TaxCorp(LJ) 38163 (ITAT-DELHI)
ITAT-DELHI
Parties: Jakson Limited Vs Joint Commissioner of Income Tax
ITAT : Delhi ITAT Rules GST/Excise Subsidy under J&K Industrial Policy as Capital Receipt, Not Taxable for AY 2020-21...
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05 Jun 2026
(2026) TaxCorp(LJ) 38162 (ITAT-MUMBAI)
ITAT-MUMBAI
Parties: Ramanlal Shah (Pradipkumar & CO.) Religious Trust Vs CIT
ITAT : Mumbai ITAT Upholds Denial of Regularization of Provisional Registration to Trust for Absence of Irrevocability a...
Recent Circulars
NOTIFICATION NO. 70/2026
01 Jun 2026

Central Government Notify the Specified business for the purposes of Schedule V [Table: Sl. No. 7] of the Income Tax Act...

70/2026
NOTIFICATION NO. 69 OF 2026-CBDT
30 May 2026

Approval under Section 45(4)(b) of the Income Tax Act, 2025 for "National Institute of Advanced Studies, Bangalore"

69
NOTIFICATION NO. 68 OF 2026-CBDT
30 May 2026

Approval under Section 45(4)(b) of the Income Tax Act, 2025 for "S. Nijalingappa Sugar Institute, Belgaum"

68
NOTIFICATION NO. 67 OF 2026-CBDT
30 May 2026

Approval under Section 45(4)(b) of the Income Tax Act, 2025 for "Regional Centre for Biotechnology, Faridabad, Haryana"

67
NOTIFICATION NO. 66 OF 2026-CBDT
30 May 2026

Approval under Section 45(4)(b) of the Income Tax Act, 2025 for 'Ramakrishna Mission Vidyamandira' Howrah

66
Latest Judgments
H
(2026) TaxCorp (DT) 97389 (HC-DELHI)
Principal Commissioner of Income-tax-7 v. Samsung India Electronics (P.) Ltd.
21 Apr 2026

Section 37(1) of the Income-tax Act, 1961/Section 34 of the Income-tax Act, 2025 - Delhi High Court Allows Revenue to Co...

Key Takeaway

2014-15 as an exception, the Revenue’s appeals for later years on the same issue are maintainable and can be adjudicated on their merits..

Section 37(1) of the Income-tax Act1961/Section 34 of the Income-tax ActDeduction
H
(2026) TaxCorp (DT) 97388 (HC-CALCUTTA)
Principal Commissioner of Income-tax v. Apeejay Surendra Amanagement Services (P.) Ltd.
21 Apr 2026

Section 2(22) of the Income-tax Act, 1961 - Calcutta High Court Rules Deemed Dividend Taxable Only in Hands of Registere...

Key Takeaway

Tax authorities must ascertain the shareholding status of the recipient before invoking Section 2(22)(e)..

Section 2(22) of the Income-tax Act1961
H
(2026) TaxCorp (DT) 97387 (HC-P&H)
H L Buildwell (P.) Ltd. v. Deputy Commissioner of Income-tax, Central
06 May 2026

Sections 156, 274, 271(1)(c), of the Income-tax Act, 1961/sections 289, 471 of the Income-tax Act, 2025 - Income Tax Aut...

Key Takeaway

Tax authorities must ensure timely action to protect their claims during the insolvency resolution process, as failure to do so results in forfeiture of the right to enforce such claims post-approval of the resolution plan..

Sections 156274Income Tax
H
(2026) TaxCorp (DT) 97386 (HC-DELHI)
National Agricultural Coop. Mkt. v. Commissioner of Income-tax
13 May 2026

Section 80P of the Income-tax Act, 1961 / Section 149 of the Income-tax Act, 2025 - Retrospective Amendment to Section 8...

Key Takeaway

Consequently, the benefit previously availed by the assessee was lawfully withdrawn..

Section 80P of the Income-tax Act1961 / Section 149 of the Income-tax Act
H
(2026) TaxCorp (DT) 97385 (HC-DELHI)
Principal Commissioner of Income-tax v. Shriti Verma
19 May 2026

Section 69 of the Income-tax Act, 1961 / Section 103 of the Income-tax Act, 2025 - Delhi High Court Affirms Set-Aside of...

Key Takeaway

The fears expressed by Revenue about potential future changes in stand by the alleged beneficial owner were deemed speculative and insufficient to warrant an addition..

Section 69 of the Income-tax Act1961 / Section 103 of the Income-tax ActAssessment