14 May 2026, 04:12 pm
Income Tax - Transfer Pricing, Loan Interest, Associated Enterprise, Liquidation - The assessee, a company, had given a loan to its German subsidiary which was incurring persistent losses and was under liquidation proceedings. The Transfer Pricing Officer made an adjustment under Section 92CA of the...
Income Tax - Interest disallowance, Unexplained credits, Creditors - The assessee challenged the order of the CIT(A) upholding the disallowance of interest under section 36(1)(iii), addition of unsecured loans under section 68, and addition of unexplained creditors under section 68 - Whether the int...
Income Tax - Transfer, Capital Asset, Joint Venture Agreement, Possession - The assessee company entered into a Joint Venture Agreement with another company on 26.05.2006. The department claimed that this amounted to a transfer of capital asset under Section 2(47) of the Income Tax Act, resulting in...
Income Tax - Interest Deduction, Borrowed Funds, Business Purpose - The assessee borrowed sum from bank and paid interest, which it claimed as a deduction under Section 36(1)(iii) of the Income Tax Act, 1961. The assessee had transferred the borrowed funds to a subsidiary company, which in turn used...
Income Tax - Eligibility of assessee, Mandatory compliance of section 144C, Validity of assessment order - The assessee, a private limited company engaged in the business of manufacture and processing of Garnet Abrasive, filed its return of income declaring a loss. Subsequently, the case was selecte...
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 | 14-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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