10 Mar 2026, 04:16 pm
Income Tax - Reassessment, Section 263 Revision, Failure to make inquiry, Source of Investor's funds, Valuation of Shares - The assessee company received share capital of Rs. 36.06 crores from RCI World Trade Link DMCC (RCI WTL), a company incorporated in UAE, during the relevant previous year. The ...
Income Tax - Section 37(1) and 40A(2)(b), Salary Recharge, Reimbursement of Expenses - The assessee, an advertising and media services company, claimed deduction for salary recharge and reimbursement of expenses paid to its group concerns M/s. Aegis Media India Pvt. Ltd. and M/s. Carat Media Service...
Income Tax - Rejection of Books of Accounts, Unexplained Cash Deposits, Disallowance of Deduction u/s 80C - The assessee was engaged in the business of retail sale of liquor and wines. During the assessment proceedings, the Assessing Officer (AO) rejected the books of accounts of the assessee and es...
Income Tax - Provisional Attachment, Regular Taxpayer, Principles of Natural Justice - The petitioner is a regular taxpayer engaged in the business of manufacturing building materials. The Income Tax Department issued an order of provisional attachment of the petitioner's industrial property under S...
Income Tax - Reassessment, Limitation, Jurisdiction - The assessee, a firm, filed its return of income and the cases were reopened under Section 147 of the Income Tax Act, 1961 ("the Act") by issuing notices under Section 148. The reassessment proceedings were completed, and orders were passed under...
Notification No. 19/2026 | 05-Mar-2026
Income-tax (Amendment) Rules, 2026 - Amendment to Rule 114F, 114G & 114H
Notification No. 02/2025 | 17-Oct-2025
Approval of M/s Mazumdar Shaw Medical Foundation for Scientific Research under Section 35(1)(iia) of the Income Tax Act, 1961
Notification No. 155/2025 | 27-Oct-2025
Delegation of concurrent powers to the Commissioner of Income Tax, CPC Bengaluru for Rectification of Mistakes U/s 154 and issuance of Notices U/s 156 of Income Tax Act, 1961
Notification No. 65/2024 | 18-Jul-2024
Amendment to Notification No. 54/2021/F. No. 370142/46/2020-TPL , dated the 5th May, 2021
Notification No. 153/2025 | 15-Oct-2025
Tax Exemption on Specified Income of "U.P. Awas Evam Vikas Parishad" from U/s 10(46A)
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 | 10-Mar-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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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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