06 Feb 2026, 02:48 am
Income Tax - Section 68, Unexplained Share Capital and Premium, Onus of Proof - The revenue challenged the deletion of an addition of Rs. 7,26,50,000/- made by the Assessing Officer under Section 68 of the Income Tax Act, 1961 on account of unexplained share capital and share premium - Whether the T...
Income Tax - Tax Credit, Form 16, Rectification Application, Intimation under Section 143(1) - The petitioner, a salaried employee, was posted to the UK counterpart of his Indian employer for a period of 6 months during the relevant assessment year 2010-11. The Indian counterpart issued Form 16 to t...
Income Tax - Goodwill, Depreciation, Amalgamation, Transfer Pricing, Disallowance under Section 14A - The assessee, a member of the FLSmidth Group, claimed depreciation on goodwill arising from the amalgamation of its wholly-owned subsidiary FLSmidth Pfister India Limited (FPIL) with the assessee. T...
Income Tax - Penalty, Bogus purchases, Concealment and Misreporting of income - The Revenue filed appeals challenging the orders of the CIT(A) deleting the penalty levied under Sections 271(1)(c) and 270A of the Income Tax Act, 1961 on the assessee for the assessment years 2014-15 to 2020-21 - Wheth...
Income Tax - Exempt Income, Section 14A, Rule 8D - The assessee filed its return of income declaring capital loss. The Assessing Officer (AO) invoked the provisions of Section 14A and disallowed the entire amount of loss expenses claimed, on the ground that the assessee had dividend income and had i...
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...
    CBDT has again received the information from foreign jurisdictions under the Automatic Exchange of Information (AEOI) program...
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