The ITAT Delhi has ruled in favour of a taxpayer whose Rs 8.68 lakh cash deposit was wrongly treated as business income under Section 44AD, holding that the Assessing Officer exceeded his jurisdiction in a limited scrutiny case.
A special PMLA court has rejected the bail plea of Purushottam Chavan, husband of an IPS officer, in a ₹263 crore income tax refund scam, citing the gravity of the economic offence and lack of medical urgency.
In a controversial ruling, the ITAT has upheld a 22% tax on long-term capital gains, equating it with the corporate tax rate u/s 115BAA, a decision tax experts say ignores legislative intent and could invite arbitrary tax demands.
The ITAT Mumbai has quashed a Rs 445-crore transfer pricing demand against Netflix India, ruling that the company operates as a limited-risk distributor and not a content or technology provider.
Navi Mumbai Income Tax Inspector loses Rs 44 lakh in a Shaadi.com matrimonial scam; Nerul Police register FIR against four accused.
The Allahabad High Court has ordered the Income Tax Department to compensate a taxpayer after jewellery worth over Rs 90 lakh, seized during a tax raid, was stolen from a bank locker where it was stored for safekeeping.
The Finance Ministry has invited industry suggestions on tax rate changes, duty structure revisions, and compliance simplification for Union Budget 2026-27. Proposals must be submitted by November 10, 2025.
Gujarat Police arrested Aman Kumar, a Jharkhand-based fraudster, for posing as an Income Tax officer and duping 35 people of crores through fake job offers.
The Bombay High Court has set aside an income tax assessment after finding that the Assessing Officer relied on fictitious, AI-generated case laws.
CBDT has extended the due date for filing Income Tax Returns for AY 2025-26 to December 10, 2025, and the audit report submission date to November 10, 2025.
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