05 Feb 2026, 03:00 am
Income Tax - Disallowance on account of Bogus purchase - The assessee was subject to a search and seizure operation where the involvement of certain entities (Shah Foils Ltd., Sunrise Tradewings Pvt. Ltd., and Sunrise Stainless Pvt. Ltd.) in providing bogus invoices without actual delivery of goods ...
Income Tax - Section 92B, Transfer Pricing, Deemed International Transaction, Applicability of Chapter X, Corporate Structure - The assessee, a resident company, divested its India support services business to another resident group company. The Assessing Officer (AO) made a transfer pricing adjustm...
Income Tax - Income Tax Appeal, Accommodation Entries, Bad Debts - The assessee company, an NBFC, was assessed under Section 143(3) r.w.s. 147 of the Income Tax Act, 1961 for AY 2016-17. The Assessing Officer (AO) made additions of Rs. 9,94,000/- as commission income, Rs. 2,75,00,000/- as disallowan...
Income Tax - Penalty under Section 271(1)(c), Concealment of income, Furnishing inaccurate particulars of income - The assessee company filed its return of income declaring total income. During the course of assessment proceedings, the Assessing Officer (AO) made additions to the returned income und...
Income Tax - Excess remuneration, Disallowance under section 40A(2)(b), Revenue expenditure vs. Capital expenditure, Software expenses - The assessee company, engaged in the manufacture of chemicals, was subjected to a complete scrutiny assessment for AY 2018-19. The Assessing Officer (AO) made vari...
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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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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