TaxCorp · Direct Taxes Monday, 10 August 2026

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Latest judgments View all →
HC-MADRAS ·07 Jul 2026
Kalyanasundaram Swaminathan S/o. T.M. Kalyanasundaram Versus The Deputy Commissioner of Income Tax, Corporate Circle 1 (1), Chennai – 34.

(2026) TaxCorp (DT) 97889 (HC-MADRAS)

Section 147 of the Income Tax - Madras High Court Upholds Reassessment Despite Absence of Section 143(2) Notice and Perm...

HC-MADRAS ·13 Aug 2026
M/s. Zigma Global Environ Solutions Pvt. Ltd. Versus Union of India

(2026) TaxCorp (DT) 97888 (HC-MADRAS)

Income Tax - Section 143(3) - Madras High Court Upholds Validity of Scrutiny Assessment Post-Search Under Section 143(3)...

HC-MADRAS ·28 Jul 2026
Principal Commissioner of Income Tax Central I, Additional Commissioner of Income Tax Central Range – I Versus K.M. Mammen

(2026) TaxCorp (DT) 97887 (HC-MADRAS)

Section 147 of the Income-tax - Madras High Court Bars Retrospective Reopening of Compounding Fee Calculation; Upholds F...

HC-KARNATKATA ·29 Jul 2026
M/s. Bharat Electronics Limited Versus Deputy Commissioner Of Income Tax Office, Principal Commissioner Of Income Tax, Bengaluru

(2026) TaxCorp (DT) 97886 (HC-KARNATKATA)

Karnataka High Court Quashes Conditional Stay Order on Tax Demand for Lack of Reasoned Justification - The Karnataka Hig...

HC-BOMBAY ·06 Aug 2026
Citizen Credit Co-operative Bank Ltd. (Borivali, Mulund, Malad, Kurla, Wadala, Turner Road, Santacruz, Vakola, ) Versus The Income Tax Officer, TDS Ward, Mumbai.

(2026) TaxCorp (DT) 97885 (HC-BOMBAY)

Income Tax - Section 260A - Bombay High Court Clarifies: Co-operative Banks Not Liable for TDS on Interest Paid to Non-M...

ITAT orders View all →
ITAT-SURAT ·30 Jul 2026
Bhavishaben Bhajivala Versus Income Tax Officer Ward-2 (3) (1), Surat

Section 271B of the Income Tax - ITAT Surat Quashes Penalty for Non-Compliance with Section 44AB Where Assessee Demonstr...

ITAT-CHENNAI ·04 Aug 2026
Rahul Versus The Income Tax Officer Non-Corporate Ward – 22 (4) Tambaram

Income-tax - Section 143(3) - ITAT Chennai Rules: No Addition for Property Purchase Where Sources Substantiated; Only Pa...

ITAT-CHENNAI ·04 Aug 2026
The Tamilnadu Dr. Ambedkar Law University Versus The Income Tax Officer Exemptions Ward – 1 Chennai

Section 271(1)(b) of the Income Tax - ITAT Chennai Quashes Penalty for Non-Compliance with Statutory Notices Amidst Pand...

ITAT-CHENNAI ·04 Aug 2026
Vinayagam Balamurugan Versus The Income Tax Officer Ward - 1 Virudhunagar

ITAT Chennai Reduces Unexplained Money Addition on Cash Payments for Credit Card Dues to Only Profit Element Where Trans...

ITAT-CHENNAI ·04 Aug 2026
Sangita Charitable Trust Versus The Income Tax Officer Exemptions Ward – 3 Chennai

Section 143(3) of the Income Tax - Exemption Under Section 11 Cannot Be Denied for Entire Income Due to Section 13 Viola...

Circulars & notifications View all →
Notification ·06 Aug 2026·No. No. 07/2026
NOTIFICATION No. 07/2026

Order under section 45(3)(b) of the Income Tax Act, 2025 read with Rule 35 of the Income Tax Rules, 2026

Notification ·04 Aug 2026·No. 110/2026
NOTIFICATION NO. 110/2026

Notification Granting Tax Exemption to the Odisha Joint Entrance Examination Committee under Section 11 of the Income-ta...

Notification ·04 Aug 2026·No. 109/2026
NOTIFICATION NO. 109/2026

Granting Tax Exemption to Odisha Joint Entrance Examination Committee (PAN: AAAGO0158G) in respect of the specified Inco...

Notification ·04 Aug 2026·No. 108/2026
NOTIFICATION NO. 108/2026

Notification Granting Tax Exemption to the Noida Special Economic Zone Authority under Section 11 of the Income-tax Act,...

Notification ·04 Aug 2026·No. 107/2026
NOTIFICATION NO. 107/2026

Granting Tax Exemption to Noida Special Economic Zone Authority (PAN: AAALN0639A) in respect of the specified Income und...

From the experts

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India’s Safe Harbour Regime for Rough Diamond Sales: Essential Insights for Foreign Mining Companies and Indian BuyersIntroduction: India’s...

ArticleEvaluating the 2026 Direct Tax Reforms for the Middle Class

1. Introduction: Evaluating the 2026 Direct Tax Reforms for the Middle ClassThe introduction of the Income-tax Act, 2025 along with the Unio...

ArticleSection 44ADA and the Question of Declaring Income Above 50% of Gross Receipts

Section 44ADA and the Question of Declaring Income Above 50% of Gross Receipts1. Presumptive taxation: the reform backgroundThe idea of taxi...

ArticleBlock Assessment in Search Cases under the Income-tax Act, 2025: Scheme, Computation, Procedure and Comparison with the 1961 Act

Block Assessment in Search Cases under the Income-tax Act, 2025: Scheme, Computation, Procedure and Comparison with the 1961 Act1. A redesig...

Income TaxReducing Income-Tax Stay Pre-Deposit to 10%: A Necessary Relief for Taxpayers in Appeal

Reducing Income-Tax Stay Pre-Deposit to 10%: A Necessary Relief for Taxpayers in Appeal1. The problem: appeal is pending, but recovery press...

Income TaxWhen a Court-Approved “Demerger” Failed the Income-Tax Test: A Fresh Look at the Sterling Holiday Resorts Decision

When a Court-Approved “Demerger” Failed the Income-Tax Test: A Fresh Look at the Sterling Holiday Resorts Decision1. Why this ruling matters...