ITAT Hyderabad held that notices issued under Sections 148 and 148A by a Jurisdictional Assessing Officer were invalid, stressing only FAOs can issue such notices under the faceless assessment ...

The ITAT held that the alleged bogus purchases could not stand when the assessee produced complete documentary evidence showing genuine procurement and consumption. With no contrary evidence from the ...

The Finance Ministry said that new Income Tax Return forms will be released before the financial year 2027-28. This follows a ...

The government has clarified that redesigned Income Tax Return (ITR) forms under the Income Tax Act, 2025, will be issued before the 2027–28 financial year. This will give taxpayers clarity on the ...