government · 28 records
Income Tax Department
ITAT grants taxpayer relief if he plants 500 trees
The ITAT granted a taxpayer a final opportunity to substantiate his tax case on the condition that he plants 500 trees.
ITAT quashes tax reassessment notice issued after legal deadline
The ITAT Bangalore quashed a tax reassessment order for a retired teacher because the notice was issued after the legal limitation period expired.
Dalit Sangharsha Samiti announces statewide protest against investigative agency raids
The Karnataka Dalit Sangharsha Samiti has announced a statewide protest for October 12 against the Enforcement Directorate and Income Tax raids on leaders from scheduled communities.
He moved to US for work, missed ITR; taxman imposes Rs 8.9L penalty
The Income Tax Appellate Tribunal in Jaipur cancelled an Rs 8.29 lakh penalty imposed on an individual who failed to file an income tax return after relocating to the United States.
Congress protesters observe Prime Minister's birthday as Unemployment Day in Belagavi
Congress party members in Belagavi protested against the central government's employment policies by marking Prime Minister Narendra Modi's birthday as National Unemployment Day.
India's Gross Direct Tax Collection Crosses 14 Trillion Rupees
India's direct tax collection grew by 15.19% to reach 14.35 trillion rupees between April 1 and September 17, 2026.
Delhi High Court Rules Payments to Overseas Entities Not Automatically Taxable
The Delhi High Court ruled that payments from Indian entities to overseas companies are not automatically subject to Indian taxation unless there is a clear nexus to income-producing activities within India.
S.J. Suryah withdraws plea to discharge from income tax evasion cases
Actor-director S.J. Suryah has withdrawn his plea to be discharged from criminal income tax evasion cases following the Madras High Court's refusal to entertain his request.
Valmiki Association Condemns IT Raid on Minister Satish Jarkiholi
The Maharishi Valmiki Nayaka Youth Association condemned the Income Tax department's raid on Karnataka Minister Satish Jarkiholi, calling it a politically motivated move by the central government.
ITAT reduces 200% penalty for NRI in income under-reporting case
The Income Tax Appellate Tribunal reduced a 200% tax penalty to 50% for an NRI who failed to report interest income due to an accountant's error.
Delhi HC sets aside Amazon Web Services tax reassessment order
The Delhi High Court set aside an income-tax department's reassessment order against Amazon Web Services and ordered a fresh review of the case.
Challenge of preventing illegal arecanut trade, says Araga Jnanendra
Araga Jnanendra, President of the Thirthahalli Farmers' Souharda Cooperative, raised concerns regarding alleged illicit trade practices involving arecanut shipments to Uttar Pradesh and criticized the health minister's statements about arecanut quality.
Election Commission of India not responding to concerns of Opposition: Venugopal
K.C. Venugopal accused the Election Commission of India of failing to address Opposition concerns regarding electoral roll deletions in Karnataka.
Political parties and analysts seek probe into donations to unrecognized Indian parties
Political parties and analysts are calling for an investigation into high-value political donations received by unrecognized 'paper' political parties in India, as highlighted by a BBC investigation.
Election Commission reports large donations to Satyavadi Rakshak Party in Gujarat
The Election Commission of India reported that the Satyavadi Rakshak Party, a little-known political entity in Gujarat, received over 400 crore rupees in donations between 2022 and 2024 despite limited electoral participation.
ITAT rules stamp duty gap cannot be attributed to single co-owner
The Mumbai Income Tax Appellate Tribunal ruled that tax authorities cannot attribute the entire stamp-duty valuation gap of a jointly owned property to only one of the co-owners.
Parliamentary panel seeks impact data on new income tax regime
A Parliamentary Standing Committee on Finance criticized the Income Tax regime for being punitive and overreaching, seeking data on the new Income Tax Act's impact including revenue collection and litigation.
Jana Sena leader alleges financial irregularities at Visakhapatnam Metropolitan Region Development Authority
Jana Sena Party leader P.L.V.N. Murthy Yadav has alleged financial irregularities including fund diversion and unauthorized fixed deposit liquidation at the Visakhapatnam Metropolitan Region Development Authority.
Income Tax Department sets July 31 deadline for tax return filings
India's Income Tax Department sets a July 31 deadline for income tax return filings with fines up to 5000 rupees for non-compliance.
Over 5 crore income tax returns filed for assessment year 2026-27
The Income Tax Department announced that over 5 crore income tax returns have been filed for the 2026-27 assessment year ahead of the July 31 deadline.
Income Tax Department urges taxpayers to file returns before July deadline
The Income Tax Department of India is urging taxpayers to file income tax returns by the July 31, 2026 deadline, warning that late submissions may attract penalties and interest charges.
Income Tax Department reports over forty million tax returns filed
The Income Tax Department reports that over 40 million tax returns have been filed and urges remaining taxpayers to submit their returns promptly.
ITAT Mumbai rules in favor of taxpayer regarding Dubai property remittance
The Mumbai bench of the Income Tax Appellate Tribunal ruled in favor of a woman against an addition of Rs 80 lakh to her taxable income regarding property remittance from her husband in Dubai.
Nirmala Sitharaman asks income tax department to improve public services
Union Finance Minister Nirmala Sitharaman urged the Income Tax department to improve service for common people and addressed encroachments on government land during the inauguration of a new building in Nariman Point.
Income tax return filings surpass 40 million ahead of July deadline
Income tax returns for assessment year 2026-27 crossed 40 million filings as the 31 July deadline approached.
Maharashtra announces first list of beneficiaries for farm loan waiver scheme
The Maharashtra government announced the first list of 553 beneficiaries for the Punyashlok Ahilyadevi Holkar Shetkari Karjmukti Yojana farm loan waiver scheme, with the budget increased to Rs 40,980 crore.
Direct tax collections in Andhra and Telangana rise 19.47 percent
Direct tax collections in the combined Andhra Pradesh and Telangana region grew 19.47% in the first quarter of FY 2026-27, driven by administrative efficiency and increased taxpayer compliance.
Biopic explores life and industrial contributions of inventor GD Naidu
A biopic on Indian inventor Gopalswamy Doraiswamy Naidu highlights his innovations, educational contributions, and efforts to bolster indigenous industry despite bureaucratic obstacles.