21 Mar 2026, 12:33 am
Income Tax - Capital receipt, Payment of Corporate tax, Capital expenditure, Sales tax subsidy - The Commissioner of Income-Tax (CIT) appealed against the order of the ITAT in various issues pertaining to the assessment of the company - Jurisdiction of Assessing Officer to go behind the net profit s...
Income Tax - Transfer Pricing, Interest on Loans to AEs, Interest on Outstanding Receivables, Depreciation on Goodwill, Deduction under Sections 80-IC, 80-IE & 10AA, Weighted Deduction under Section 35(2AB), Disallowance under Section 36(1)(iii), Disallowance under Section 14A, Disallowance of Commi...
Income Tax - Notice under Section 148, Conversion of company to LLP, Assessment on non-existent entity - The assessee, originally incorporated as a private limited company, was converted into a Limited Liability Partnership (LLP) on 16.10.2017. The Assessing Officer (AO) issued a notice under Sectio...
Income Tax - Reassessment, Deemed Income, Book Profit - The assessee filed its return of income for the assessment year 2015-16 declaring a loss. The original assessment was completed under section 143(3) of the Income Tax Act, 1961 (the Act) accepting the return. Subsequently, reassessment proceedi...
Income Tax - Penny Stock, Share Transaction, Loss Claim, Bogus Entry, Accommodation Transaction - The assessee, engaged in the business of trading in shares and securities, filed its return of income for AY 2019-20 declaring a loss of Rs.18,34,253/-, which included a loss of Rs.13,18,400/- on the sa...
Notification No. 19/2026 | 05-Mar-2026
Income-tax (First Amendment) Rules, 2026 - Amendment to Rule 114F, 114G & 114H
Notification No. 08/2026 | 19-Jan-2026
Tax Exemption on Specified Income of "Aligarh Development Authority" U/s 10(46A) of Income-tax Act, 1961
Notification No. 09/2026 | 19-Jan-2026
Tax Exemption on Specified Income of "Barnala Improvement Trust" U/s 10(46A) of Income-tax Act, 1961
Notification No. 10/2026 | 19-Jan-2026
Tax Exemption on specified income of "Agra Development Authority" U/s 10(46A) of Income-tax Act, 1961
Notification No. 11/2026 | 21-Jan-2026
Tax Exemption on Specified Income of "Karnataka State Rural Livelihood Promotion Society" U/s 10(46) of Income-tax Act, 1961
Press Release | 23-Feb-2026
Governments of India and France sign the Amending Protocol to amend the India-France Double Taxation Avoidance Convention
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
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

Governments of India and France sign the Amending Protocol to amend the India-France Double Taxation Avoidance Convention
Circulars
Extension of timelines for filing of various reports of audit and Income Tax Returns (ITRs) for the Assessment Year 2025-26
Circulars
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
Income Tax - Notice under Section 148, Approval under Section 148A, Revision under Section 263 - The assessee challenged the order passed under Section 263 by the PCIT on the ground that the notice issued under Section 148 was invalid due to lack of ...
Caselaws
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TAX VISTA | Your Weekly Tax Recap

  • 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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