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Recent Circulars
NOTIFICATION NO. 06/2026
Central Government notifies the Core Settlement Guarantee Funds set up by the AMC Repo Clearing Limited, assessment year...
NOTIFICATION NO. 05/2025
Tax Exemption on Specified Income of "Gorakhpur Industrial Development Authority" U/s 10(46A) of Income-tax Act, 1961
NOTIFICATION NO. 04/2026
Tax Exemption on Specified Income of "Kota Development Authority" U/s 10(46A) of Income-tax Act, 1961
NOTIFICATION NO. 03/2026
Tax Exemption on Specified Income of "Mussoorie Dehradun Development Authority" U/s 10(46A) of Income-tax Act, 1961
NOTIFICATION NO. 02/2026
Tax Exemption on Specified Income of "Joint Electricity Regulatory Commission (for The State of Goa and Union Territorie...
Latest Judgments
(2026) TaxCorp (DT) 96597 (HC-DELHI)
Income Tax - Section 10AA - ITAT Delhi Rules in Favour of Assessee: Section 10AA Deduction Not Barred by Late Filing of...
Tax officials must strictly adhere to the CBDT guidelines and judicial precedents while processing such claims..
(2026) TaxCorp (DT) 96596 (HC-GUJARAT)
Income Tax - Sections 132, 147, 148, 153A, 153C - Gujarat High Court Holds Reassessment u/s 147/148 Invalid When Based o...
AOs are thus required to ensure strict compliance with the satisfaction recording procedure under Section 153C before seeking to reopen assessments based on search-related material..
(2026) TaxCorp (DT) 96595 (HC-MP)
Income Tax - Sections 69, 144 - Madhya Pradesh High Court Upholds Addition Based on Net Profit Ratio for Unrecorded Sale...
As such, the appeal was dismissed..
(2026) TaxCorp (DT) 96594 (HC-GUJARAT)
Income Tax - Sections 40, 199 - Gujarat High Court Directs Tax Credit to Employee Despite Employer’s Failure to Deposit...
Employees in similar situations should produce evidence of TDS deduction (such as salary slips or Form 16) and cite this judgment to claim relief..
(2026) TaxCorp (DT) 96593 (SC)
Income Tax - Section 68 - Supreme Court Declines to Intervene in Section 68 Unexplained Loan Addition: High Court’s Find...
Assessees must, therefore, ensure comprehensive documentary evidence to establish the identity, creditworthiness, and genuineness of any purported loan transactions reflected in their books..