Income Tax

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Income Tax Updates

Tax Audit Report Due Date Is Over: Penalty, Late Fees and Budget 2026 Changes

Tax Audit Due Date for AY 2026-27 Has Passed The extended due date for furnishing the tax audit report for…

A professional editorial featured image for a Chartered Accountants blog about correcting TDS deposited under the wrong assessment year, form, or details. Show a neatly arranged Indian tax compliance document, calculator, subtle government filing cues, and a precise accounting workspace. Deep navy and warm neutral tones with selective coral accents, directional light, matte texture, sophisticated and trustworthy, no readable text, no logos, no people.

Income Tax Updates

TDS Challan Paid Under the Wrong Tax Year? What the Income Tax Department Has Clarified

Depositing TDS on time is only half the compliance job. The tax also has to be deposited against the right…

A professional editorial featured image for a Chartered Accountants firm blog post titled “Supreme Court: SFIO Investigation Cannot Be Stayed Merely Because the Statutory Time Limit Has Expired.” Depict the Indian Supreme Court and corporate investigation theme through a refined legal-business composition: courthouse columns, a subtle document with highlighted statutory deadline, restrained magnifying glass or investigative motif, and a balanced editorial layout. Use deep navy and warm neutral tones with selective coral accents, directional light, matte texture, precise and trustworthy mood. No readable text, no logos, no people, no watermark.

Income Tax Case Laws

Karnataka High Court: Section 28 Interest Is Part of Land Acquisition Compensation, So No TDS Can Be Deducted

When land is compulsorily acquired and a court later raises the compensation, the landowner usually also receives interest on the…

A refined editorial featured image for a Chartered Accountancy law blog post titled “Mere Filing of an Appeal Does Not Stay an Income Tax Demand: Delhi High Court.” Show a symbolic legal and tax compliance scene: a formal court document, an appeal file, and a clearly separated tax demand notice on a dark navy desk, with subtle Delhi High Court architectural cues in the background. Deep navy and warm neutral tones, selective coral accent, directional light, matte texture, precise professional editorial mood, no readable text, no logos, no people, landscape composition suitable for a blog featured image.

Income Tax Case Laws

Mere Filing of an Appeal Does Not Stay an Income Tax Demand: Delhi High Court

Many taxpayers believe that once they file an appeal against an assessment order, recovery of the disputed tax demand stops…

A professional editorial featured image for a Chartered Accountancy and tax litigation blog post about a Hindu Undivided Family (HUF) challenging a GST-related notice and order before the Gujarat High Court under Article 226, focusing on limitation, jurisdiction, and legal proceedings. Deep navy and warm neutral palette with selective coral accents, directional light, matte texture, precise editorial mood, no readable text, no logos, landscape composition.

Income Tax Case Laws

Time-Barred Reassessment Cannot Survive: Gujarat High Court Quashes Section 148 Notice for AY 2014-15

Receiving a reassessment notice for an assessment year that closed long ago is unsettling for any taxpayer. The first question…

A professional editorial featured image for a Chartered Accountancy and Indian income-tax law article titled “Books of Account Cannot Be Rejected Merely for Non-Audit: ITAT Mumbai.” Show a refined close-up of neatly organized accounting ledgers, balance sheets, and legal case papers on a desk, with a subtle Indian tax-law and tribunal atmosphere but no readable text, no logos, and no people. Deep navy and warm neutral tones, selective coral accents, directional light, matte texture, precise editorial mood, confident clarity, sophisticated and trustworthy. Landscape composition with clear visual breathing room for a blog featured image.

Income Tax Case Laws

Books of Account Cannot Be Rejected Merely for Non-Audit: ITAT Mumbai

Deepika A. Mehta v. DCIT (ITAT Mumbai), ITA Nos. 379/Mum/2023 & 1178/Mum/2023, AY 1992-93, order dated 5 April 2024 When…