13 Feb 2026, 03:08 am
Income Tax - Death of Original Assessee, Reassessment Proceedings, Validity of Orders - The petitioner's father, the original assessee, passed away on August 9, 2018. However, the Income Tax authorities initiated reassessment proceedings under Sections 147, 144, and 144B of the Income Tax Act, 1961 ...
Income Tax - Deductibility of AMP expenses, Transfer Pricing adjustment - The assessee is a wholly owned subsidiary of Bose Corporation, USA and is engaged in the business of selling high-end Bose audio products. The assessee selected the Resale Price Method (RPM) to benchmark its support services i...
Income Tax - Transfer Pricing, Delayed Receivables, Interest Imputation, Working Capital Adjustment, Debt-Free Company - The assessee, a subsidiary of a global consultancy firm, benchmarked its international transactions under the Transactional Net Margin Method (TNMM) and demonstrated that its net ...
Income Tax - Carbon credits, capital receipt, business income - The assessee received an amount on sale of carbon emission reduction certificates/carbon credits, which was treated as a capital receipt by the assessee. The Assessing Officer(AO), however, held that the receipt was in the nature of bus...
Income Tax - Reopening under Section 147, Addition under Section 69A - The assessee, engaged in the business of manufacturing sugar and allied products, was assessed by the Assessing Officer (AO) under section 147 for assessment years 2014-15, 2015-16 and 2016-17. The AO made additions under section...
Notification No. 7/2026 | 14-Jan-2026
Notification under section 10(46) of the Income Tax Act, 1961 in the case of West Bengal Building and Other Construction Workers Welfare Board
Notification No. 06/2026 | 08-Jan-2026
Notification u/s 10(23EE) of the Income Tax Act, 1961 in the case of Core Settlement Guarantee Fund
Notification No. 05/2025 | 07-Jan-2026
Notification under section 10(46A) of the Income Tax Act, 1961 in the case of Gorakhpur Industrial Development Authority
No. 71-Ad(AT)/2025 | 19-Dec-2025
Income-tax (Appellate Tribunal) Amendment Rules, 2025
Notification No. 01/2026 | 05-Jan-2026
Notifies Inbar Holding RSC Limited as Pension Fund for Section 10(23FE) of the Income-tax Act, 1961
Circular No. 15/2025 | 29-Oct-2025
Extension of timelines for filing of various reports of audit and Income Tax Returns (ITRs) for the Assessment Year 2025-26
F.No.225/215/2018/ITA-II | 21-Oct-2025
C&AG performance Audit report No.1 of 2019 on "Assessment of assesses in entertainment sector" - Verification of expenses in assessment of Entertainment sector
Circular No. 14/2025 | 25-Sep-2025
Extension of timelines for filing of various reports of audit for Financial Year 2024-25 (relevant to Assessment Year 2025-26) by auditable assessees
Circular No. 13/2025 | 19-Sep-2025
Waiver of Interest under Section 220(2) on Delayed Demand Payment Due to Incorrect Claim of Rebate under Section 87A - Order under section 119 of the Income-tax Act, 1961
Circular No. 12/2025 | 15-Sep-2025
Extension of due date for filing of ITRs for the Assessment Year 2025-26

Recent Updates

Notification u/s 10(23EE) of the Income Tax Act, 1961 in the case of Core Settlement Guarantee Fund
Notifications
Notification under section 10(46A) of the Income Tax Act, 1961 in the case of Gorakhpur Industrial Development Authority
Notifications
Income Tax - Mutuality, Deduction, Allowance - The assessee is an Association of Persons (AOP) that runs petrol bunks, an oil store, and an automobile spare parts division. It claimed certain income such as members' subscription, donation, entrance f...
Caselaws
Income Tax - Delay in filing appeal, Corporate dispute, Sufficient cause - The assessee company filed a delayed appeal before the CIT(A) by 1012 days against the assessment order. The delay was due to serious disputes between the two promoter groups,...
Caselaws
Income Tax - Exemption under Section 80G, Delay in filing application, Powers of CIT(E) to condone delay, Directory nature of timelines under Section 80G(5). The assessee filed an application for final registration under Section 80G(5)(iii) on 28.11....
Caselaws
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  • vivek
    09-Dec-2025
    CBDT’s NUDGE to Taxpayers to disclose Foreign Assets under Black Money Act...
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