27 Feb 2026, 03:22 am
Income Tax - Double Taxation Avoidance Agreement (DTAA), Penalty under Section 271(1)(c), Concealment of Income, Furnishing of Inaccurate Particulars - The assessee, a nationalized bank, had claimed the benefit of the DTAA between India and China in respect of income earned by its branch in Hong Kon...
Income Tax - Reassessment, Bogus Purchases, Income Escaping Assessment, Double Taxation - The assessee is a private limited company engaged in the business of manufacturing and trading pharmaceutical products. The Income Tax Department reopened the assessee's assessment for the Assessment Year 2019-...
Income Tax - Investment Promotion Subsidy, Explanation 10 to Section 43(1) - The assessee, a wholly owned subsidiary of Hyundai Motor Company, received an Investment Promotion Subsidy (IPS) in the form of a refund of output VAT amounting to Rs.33 crores, which it claimed as a capital receipt not cha...
Income Tax - Disallowance under Section 14A, Rule 8D, 80G Deduction - The assessee company is engaged in the export of industrial fasteners, builders hardware, conduit and cable fitting stamped & tubular products. In the assessment proceedings, the Assessing Officer (AO) disallowed an amount of Rs. ...
Income Tax - Capital Gains, Sale Consideration, Indexed Cost of Acquisition, Allocation of Sale Consideration, Additional Evidence - The assessee, a company, had transferred assets situated at Surat Special Economic Zone, including leasehold rights in plots, factory building and other assets, to M/s...
No. 71-Ad(AT)/2025 | 19-Dec-2025
Income-tax (Appellate Tribunal) Amendment Rules, 2025
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
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
Notification No. 07/2026 | 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
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. 11 of 2025 | 02-Sep-2025
Modification to Circular No. 9 of 2022 (F. No. 370142/2/2022-TPL) dated 09.05.2022 of CBDT
Circular No. 12/2025 | 15-Sep-2025
Extension of due date for filing of ITRs for the Assessment Year 2025-26
F.No.225/215/2018/ITA-II | 27-Feb-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
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

Recent Updates

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
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 - 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 - 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 - Violation of principles of natural justice, Admission of additional evidence under Rule 46A, Contradictory findings by the CIT(A) - The assessee filed additional evidence along with a petition under Rule 46A before the CIT(A), but the CI...
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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