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Income Tax Department finds Rs 5 crore cash in his house; Know how a 2008 circular saved him from prosecution

The Supreme Court overturned Krishnaswami's tax evasion prosecution, citing the Income Tax Department's violation of its own circulars. The court emphasized that CBDT circulars are binding and the ...
Tax Guru

Income Tax

Get all latest income tax news, act, article, notification, circulars, instructions, slab on Taxguru.in. Check out excel calculators budget 2017 ITR, black money, tax saving tips, deductions, tax ...
Tax Guru

CBDT Monetary Limit Exception Held Prospective; Low Tax Effect Appeals Disposed: Bombay HC

Bombay HC disposed of Revenue appeals below ₹50 lakh, holding the CBDT exception added on 20 August 2018 applies prospectively, not ...

Income Tax Department issues ITR scrutiny guidelines: These ITR filers may face compulsory scrutiny in FY 26-27

The CBDT has released new guidelines for compulsory income tax return scrutiny in FY 2026-27, impacting returns filed in FY 2025-26. Specific risk parameters will mandate detailed examination by the I ...

CBDT provides relief to charitable organisations on renewal of approval

CBDT grants relief to charities by waiving delays in filing form 10AB for renewal applications, ensuring continued funding ...