Day: February 7, 2026

Form 26 shall replace Form 3CD of tax audit report format from Tax Year 2026-27 (AY 2027-28) Draft Form 26 has been issued which is to substitute existing Tax Audit Report Format 3CD from Tax Year 2026-27 onwards.  Income Tax Department has issued Draft Income Tax Rules 2026 …

When AO do not make any addition on the basis of the reasons on which the reopening was done, the reopening is bad in law – ITAT In a recent judgment, ITAT Cuttack has held that when the AO do not make any addition on the basis of …