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Search and Seizure under the Income-tax Act, 2025 – Legal Framework

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My Tax Expert
19/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 51
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Search and Seizure under the Income-tax Act, 2025 – Legal FrameworkIntroductionSections 247 to 259 of the Income-tax Act, 2025 contain the provisions relating to search, seizure, requisition, retention and applicati...

Books of Account Go Digital: New Income-tax Act Recognises Cloud Storage but Imposes Data Localisation Requirements

Author
CA DR Vinay Mittal
16/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 67
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Books of Account Go Digital: New Income-tax Act Recognises Cloud Storage but Imposes Data Localisation Requirements A Significant Expansion in the Definition of Books of Account The Income-tax Act, 2025 has ...

Key Takeaways from the Ruling

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My Tax Expert
16/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 31
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Key Takeaways from the Ruling1. Remand Reports Cannot Be IgnoredThe ruling conveys a clear and unequivocal message that Assessing Officers cannot disregard requests for remand reports made by appellate authorities. Proce...

Key Takeaways from the OECD Consultation Draft on Intra-Group Services

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My Tax Expert
16/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 63
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Key Takeaways from the OECD Consultation Draft on Intra-Group ServicesThe OECD’s proposed revisions to Chapter VII of the Transfer Pricing Guidelines represent an important development for multinational enterprises, ev...

Legal Position of Unabsorbed Depreciation under the Income Tax Act, 2025 – A Paradigm Shift in Indian Tax Law?

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My Tax Expert
15/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 107
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Legal Position of Unabsorbed Depreciation under the Income Tax Act, 2025 – A Paradigm Shift in Indian Tax Law? IntroductionThe treatment of unabsorbed depreciation has historically been one of the most taxpayer-f...

CBDT Notifies Mandatory Scrutiny Cases for FY 2026-27: Key Categories Every Taxpayer and Professional Should Know

Author
CA DR Vinay Mittal
15/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 162
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CBDT Notifies Mandatory Scrutiny Cases for FY 2026-27: Key Categories Every Taxpayer and Professional Should KnowThe Central Board of Direct Taxes (CBDT), vide Circular No. F.No.225/56/2026/ITA-II, has prescribed the ...

Income-tax (Amendment) Ordinance, 2026: Major Tax Relief for Foreign Investors in Indian Government Securities

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My Tax Expert
15/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 92
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Income-tax (Amendment) Ordinance, 2026: Major Tax Relief for Foreign Investors in Indian Government SecuritiesIntroductionIn a significant move aimed at enhancing India's attractiveness as a global investment destinati...

आयकर रिटर्न दाखिल करते समय बरतें विशेष सावधानी : छोटी गलतियाँ बन सकती हैं टैक्स डिमांड, ब्याज एवं नोटिस का कारण Income Tax Return Filing: Minor Mistakes May Result in Tax Demands, Interest Charges, and Scrutiny Notices – Exercise Due Care

Author
CA DR Vinay Mittal
14/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 1170
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आयकर रिटर्न दाखिल करते समय बरतें विशेष सावधानी : छोटी गलतियाँ बन सकती हैं टैक्स डिमा...

CBDT e-Filing – ITR-2 Validation Rules (AY 2026-27)

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My Tax Expert
03/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 289
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CBDT e-Filing – ITR-2 Validation Rules (AY 2026-27) (For income earned during FY 2025-26)Version 1.0 | Dated: 26 May 2026ImportantValidation failures are treated as Category A Errors. If any such error exists, ITR-...

M/s Jewellers Om Prakash & Anr. vs Chief Commissioner of Income Tax, Delhi VIII & Ors. | Waiver of Interest u/s 220(2A) Income Tax Act Allowed Due to Departmental Delay and Wrongful Retention of Seized Jewellery

Author
My Tax Expert
03/06/2026  |  0 COMMENTS  |  VISITOR'S COUNT: 123
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Facts of the CaseThe petitioners, a partnership firm engaged in jewellery business and one of its partners, challenged the orders passed by the Chief Commissioner of Income Tax rejecting their application for waiver of...