Income Tax

AO Cannot Reject Share Valuation and LTCL Without Basis | ITAT

Case Details: Asst. CIT, Circle 3.3.1 vs. Shapoorji Pallonji Solar…

[Opinion] Budget 2026 – A Shift from Disputes to Discipline

Kamlesh Chainani, Viraj Kurani, Harshula Khatri & Riya Sanjay Boob…

Delay Condoned for Illiterate Assessee – Matter Remanded | ITAT

Case Details: Muniyappa Prashanth Kumar vs. Income-tax Officer Ward 4(3)(3)…

[Opinion] Budget 2026 Amendments – A Shift from Judicial Views to Legislative Intent

Srinath Kumar & Akshay Jain – [2026] 183 taxmann.com 72 (Article)…

Provision for Salary Revision Allowed as Accrued Liability | ITAT

Case Details: Haffkine Bio Pharmaceutical Corporation vs. ACIT [2026] 182…

[Opinion] Budget 2026 Curtails Tax-Free Status of Sovereign Gold Bonds

Meenakshi Subramaniam – [2026] 183 taxmann.com 11 (Article) Alas, the Sovereign…

Govt. Loan Interest Converted into Equity Not Taxable u/s 41(1) | HC

Case Details: Commissioner of Income-tax - II Tiruchirapalli vs. Tamil…

Section 115BAA Benefit Allowed Despite Belated Return | ITAT

Case Details: Vashishtha Luxury Fashion Ltd. vs. Deputy Director of…

Budget 2026 | Wishlist of Cash Strapped Telecom Sector

Simran Keswani – [2026] 182 taxmann.com 810 (Article) With the…

Loan Write-off to Subsidiary Allowed as Business Loss | ITAT

Case Details: NSL Sugars Ltd. vs. Deputy Commissioner of Income-tax…