ICICI Life Insurance Limited received a tax rectification order for AY 2023, involving a demand of over ₹591 crore. The company has filed an appeal.

Compare Income-tax Act 1961 and 2025 section numbers for deductions, TDS, TCS, capital gains, tax audit, returns, exemptions ...

Summary The ITAT Mumbai's ruling in Eye Focus Entertainment Vs ITO (ITAT Mumbai) for AY 2022-23 offers authoritative clarity on two frequently ...

ITAT Mumbai deletes ₹114.25 crore addition: no books for Section 68 and no Section 251(2) notice before CIT(A) substituted Section 69A.

The Delhi ITAT deleted a ₹20.45 lakh addition for unexplained family jewellery, ruling that CBDT’s seizure guidelines cannot ...

Summary The ITAT Pune, in Ravindra Gajanan Mahadik Vs ITO, delivered a practically significant ruling affirming that bank deposits arising from ...

A Bangalore taxpayer received around Rs 95 lakh after sub-letting a commercial office space taken on lease from BMTC. While the Income Tax Department treated the receipts as rental income, the ITAT ...

The September 30 deadline for taxpayers to submit tax audit reports is approaching, with no extensions granted yet. Here's the penalty for late filing.

The deadline for submitting tax audit reports for AY 2026-27 is September 30, 2026. Under Section 44AB of the Income-tax Act, 1961, taxpayers engaged in a business or specified profession are required ...

Executive Summary The Income Tax (Amendment) Act, 2026 (Act 1178) provides targeted relief to individual taxpayers and broadens access to Ghana’s presumptive tax regime for small businesses. The Act ...

Starting April 1, 2026, the ceiling for tax-audit assignments under Section 44AB will be set at 60 per Financial Year, a shift from the previous Assessment Year basis. Chartered Accountants must ...