18 Apr 2026, 04:39 am
Income Tax - Revenue Expenditure, Capital Expenditure, Replacement of Machinery, Current Repair - The assessee, a spinning mill, claimed the cost of replacement of its plant and machinery as revenue expenditure, which was denied by the tax authorities and treated as capital expenditure. The issue wa...
Income Tax - Transfer Pricing, Arm's Length, Reimbursement of Expenses, Royalty Payment - The assessee, a wholly owned subsidiary of Benetton International N.V, Netherlands, is engaged in the business of production and sale of readymade garments in India. The assessee undertook various international...
Income Tax - Transfer Pricing, Penalty, Concealment of Income, Debatable Issue - The assessee, a non-resident foreign company, sold shares of United Spirits Ltd. (USL) to an associated enterprise Relay BV. The Assessing Officer (AO) made a transfer pricing adjustment and levied a penalty under secti...
Income Tax - Limitation, Satisfaction note, Incriminating evidence, Cash receipts from sub-contractors - The assessee was subjected to a search and seizure operation under Section 132 of the Income Tax Act, 1961. Consequent to the search, notice under Section 153C of the Act was issued to the assess...
Income Tax - Commission Payments, Non-Resident Agents, TDS, Disallowance under Section 40(a)(ia) - The assessee claimed foreign expenses of Rs.2,23,96,972/- to SAFCO, a non-resident agent, and ocean freight of Rs 43,84,038/- to various parties. The Assessing Officer (AO) disallowed these expenses un...
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
Notification No. 61/2026 | 10-Apr-2026
Corrigendum to Notification of Income tax return Form 5
Notification No. 60/2026 | 10-Apr-2026
Corrigendum to Notification of Income tax return Form 5
Notification No. 59/2026 | 10-Apr-2026
Corrigendum to Notification of Income tax return Form 3
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
Circular No. 2/2026 | 25-Mar-2026
Order under section 119 of the Income-tax Act, 1961 for extension of timeline for issuance of tax deducted at source (TDS) certificate under section 203 of the Act for the quarter ending 31st December 2025

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    30-Mar-2026
    Crackdown of CBDT on Restaurants; Are other B2C sectors are now “sensitive” and under close scrutiny?
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