
An ITAT Chandigarh ruling cancelled a ₹26.69 lakh tax demand after a small trader’s commission income was counted twice. The case highlights why taxpayers must choose the correct ITR form and reconcile Form 26AS with declared business income.

ITR forms for AY27/FY26 have been notified and the tax department has enabled offline preparation via Excel Utility for ITR-1 and ITR-4. Taxpayers can file returns online by 31 July 2026. Here's all you need to know about ITR-4 (Sugam)…