25 Mar 2026, 12:24 am
Income Tax - Payment of cross-charges, Reimbursement, Non-deduction of tax at source, Disallowance under Section 40(a)(ia) - The assessee had paid cross-charges of Rs.14,51,77,000/- to its sister concern, M/s. Pfizer Ltd., towards the use of "Field Force Facility" for marketing and promotion of prod...
Income Tax - Transfer Pricing Adjustment, TNMM, CUP, Comparability Analysis, Working Capital Adjustment - The assessee company entered into international transactions with its Associated Enterprises (AEs) which were subject to Transfer Pricing (TP) scrutiny. The Transfer Pricing Officer (TPO) made u...
Income Tax - Reassessment, Time limitation, Jurisdiction - The assessee company filed its return of income for the Assessment Year 2017-18. The assessment was reopened on the ground that the assessee had availed accommodation entries. The Assessing Officer (AO) made an addition under section 68 of t...
Income Tax - Section 40A(3), Disallowance of expenditure, Fictitious vendors - The assessee is engaged in the business of transportation of goods, stevedoring, port handling, warehousing and allied services. The income tax authorities disallowed substantial expenditure incurred by the assessee on gr...
Income Tax - Reopening of assessment, Change of opinion, Direct Tax Vivad Se Vishwas Scheme - The assessee company filed its return of income for AY 2016-17 declaring NIL income. The assessment was completed u/s 143(3) of the Income Tax Act. Subsequently, the assessment was reopened u/s 147 and addi...
Notification No. 05/2026 | 23-Mar-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. 24/2026 | 20-Mar-2026
Notification u/s 35(1)(ii) of the Income Tax Act, 1961 in the case of Tea Research Association, Kolkata, West Bengal
Notification No. 23/2026 | 20-Mar-2026
Notification u/s 35(1)(ii) of the Income Tax Act, 1961 in the case of The Ahmedabad University, Ahmedabad, Gujarat
Notification No. 24/2026 | 20-Mar-2026
Approval under Section 35(1)(ii) of the Income Tax Act, 1961 for ‘Tea Research Association’ Kolkata, West Bengal
Notification No. 23/2026 | 20-Mar-2026
Approval under Section 35(1)(ii) of the Income Tax Act, 1961 for 'The Ahmedabad University’ Ahmedabad, Gujarat
Circular No. 01/2026 | 23-Mar-2026
Clarification regarding power to condone delay in filing Form No. 10A under sub-clause (i) clause (ac) of sub-section (1) of section 12A of the Income Tax Act, 1961
FAQ on Interplay and Transition | 21-Mar-2026
FAQs on Interplay and Transition from the Income Tax Act, 1961 to the Income Tax Act, 2025
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. 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
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

Recent Updates

Clarification regarding power to condone delay in filing Form No. 10A under sub-clause (i) clause (ac) of sub-section (1) of section 12A of the Income Tax Act, 1961
Circulars
FAQs on Interplay and Transition from the Income Tax Act, 1961 to the Income Tax Act, 2025
Circulars
Governments of India and France sign the Amending Protocol to amend the India-France Double Taxation Avoidance Convention
Circulars
Extension of timelines for filing of various reports of audit and Income Tax Returns (ITRs) for the Assessment Year 2025-26
Circulars
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 ...
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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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