19 May 2026, 09:09 am
Income Tax – Section 36(1)(vii-a) – Deduction for Bad and Doubtful Debts – Right to Exercise Option - A nationalised bank filed its return of income for Assessment Year 2001-2002 admitting a loss of Rs.836,73,14,639/-. During rectification proceedings under Section 154, the Assessing Authority...
Income Tax - Section 271G, 92CA, 92D and 250(6), Transfer Pricing, Penalty, Non-Prosecution, Ex-parte Order - An assessee company engaged in manufacturing and trading of animal feeds entered into specified domestic transactions with associated enterprises. The Transfer Pricing Officer issued notices...
Income Tax - Section 14A, Rule 8D, Exempt income, Disallowance of expenditure, Prospective amendment - Assessee, engaged in manufacturing plastic containers and bottles, made strategic investment in shares of subsidiary companies but earned no exempt dividend income during the relevant years. The As...
Income Tax - Section 14A, Rule 8D, Disallowance, Exempt Dividend Income, Own Funds vs Interest-Bearing Funds, Presumption of Investment from Surplus Funds, Mixed Pool of Funds – The assessee, engaged in providing consultancy, design and engineering services in telecommunication, IT and civil const...
Income Tax - Interest on loans, Disallowance of expenditure, Nexus between funds and utilization, Business purpose - The assessee, an AOP engaged in liquor business, claimed interest expenses on unsecured loans and the Assessing Officer (AO) disallowed the entire interest expenditure contending that...
NOTIFICATION No. 06/2026 | 12-May-2026
Order under clause (iia) of sub-section (1) of section 35 of the Income Tax Act, 1961 read with Rule 5F of the Income Tax Rules 1962
Notification No. 19/2026 | 05-Mar-2026
Income-tax (First Amendment) Rules, 2026 - Amendment to Rule 114F, 114G & 114H of Income Tax Rules, 1962
Notification No. 64/2026 | 16-Apr-2026
Corrigendum to Notification No. 22/2026 dated 20th March, 2026 [The Income-Tax Rules, 2026]
Notification No. 63/2026 | 10-Apr-2026
Corrigendum to Notification of Income tax return Form U
Notification No. 62/2026 | 10-Apr-2026
Corrigendum to Notification of Income tax return Form 7
F.No.225/215/2018/ITA-II | 19-May-2026
C&AG’s performance Audit report No.1 of 2019 on “Assessment of assesses in entertainment sector- verification of expenses in assessment of Entertainment sector
Press Release | 01-Apr-2026
Income-tax Act, 2025 comes into force from 1st April, 2026
F. No. ADG(S)-1/PAN/M/3699/2026-AD-DD SYSTEMS 1-5 DELHI | 01-Apr-2026
Order for specifying Forms and procedures in relation to furnishing Application for PAN Correction under Rule 158(12) of Income-tax Rules, 2026 read with Section 262(4) of Income-tax Act, 2025
Circular No. 4/2026 | 31-Mar-2026
Referencing by Document Identification Number (DIN)
Press Release | 31-Mar-2026
CBDT Signs 219 Advance Pricing Agreements in FY 2025-26

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    07-May-2026
    Navigating the Mistrust on trusts by CBDT: Registrations of Charitable Organizations under GPU challenged under ITA25
    The Indian Income Tax Department’s recent cancellation of registrations for several prominent charitable trusts...
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VIDEO | 31st March Income Tax To Do: in light of ITA'25 from 1st April 26