Income Tax News
ITAT Delhi Grants Major Relief to Taxpayer in Section 14A Dispute Over Tax-Free Income
20 December 2025 at 07:20ITAT Delhi grants major relief to a taxpayer in a Section 14A dispute, ruling that Rule 8D disallowance applies only to investments generating tax-free income.
Income Tax Department Flags Transaction Mismatch, Urges Taxpayers to Review AIS Before 31st Dec
19 December 2025 at 09:37Income Tax Department has sent advisory alerts to taxpayers over ITR-AIS mismatch. Review AIS, revise or file belated return by Dec 31, 2025.
Taxpayers Get 31st Dec Deadline: Undisclosed Property, Bank Deposits Under Scanner
19 December 2025 at 07:01Income Tax Dept detects large-scale under-reporting of property and cooperative bank transactions under SFT. Taxpayers get time till December 31 to file corrected returns.
ICAI Releases Updated UDIN Portal Manual: New Features for GST, Tax Audit & Certificates
17 December 2025 at 09:28ICAI has released the updated UDIN Portal Manual (Version 1.2) with key changes in UDIN generation, PAN validation, bulk UDIN, grievance redressal and real-time verification. Know what's new.
Income Tax Department Warns Taxpayers Against Fake Refund Messages and Scam Links
17 December 2025 at 07:09The Income Tax Department cautions taxpayers against fake refund messages and malicious links, advising citizens to rely only on official e-filing portals and authenticated communication channels to avoid online scams.
CBDT Reassigns Jurisdiction of Income Tax Appeals for Search and Survey Cases
17 December 2025 at 07:08CBDT issues a December 2025 notification reallocating jurisdiction of Commissioners of Income Tax (Appeals) for search, seizure, survey, and penalty cases across India, impacting appeals under Sections 246A and 248 of the Income tax Act.
Supreme Court Denies 40% Tax Deduction to Statutory Corporations on Non-Lending Income
15 December 2025 at 06:44Supreme Court rules that statutory corporations cannot claim the 40% tax deduction under Section 36(1)(viii) on income from dividends, deposits, or service charges, limiting the benefit strictly to profits derived from long-term financing activities.
CBDT Nudges Taxpayers to Withdraw Bogus Donation Claims Using Data-Driven Tax Scanner
15 December 2025 at 06:44CBDT has launched a data-driven NUDGE campaign to curb bogus tax deductions under Sections 80G and 80GGC.
Gujarat High Court Orders IT Refund to Ex-Serviceman on Disability Pension
12 December 2025 at 06:47Gujarat High Court has ruled that disability pension is fully tax-exempt even for ex-servicemen who retire voluntarily.
CBDT Issues Over 44,000 Alerts for Undisclosed Crypto Transactions
12 December 2025 at 06:47CBDT issues over 44,000 notices for undisclosed crypto transactions as ED attaches Rs 4,189 crore. TDS collections on crypto double, revealing major compliance gaps.
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