24 Apr 2026, 06:22 pm
Income Tax - Hybrid accounting, Depreciation on cinematograph films, Sale and leaseback transaction - The assessee, a construction company, had filed its returns claiming expenses on construction projects on an accrual basis while accounting for the sales revenue on a receipt basis. It had also clai...
Income Tax - Appeal, Transfer pricing adjustments, Procedure under Section 144C - The assessee, a software and IT services company, filed an income tax return which was selected for scrutiny and transfer pricing assessment. The Transfer Pricing Officer (TPO) made certain transfer pricing adjustments...
Income Tax - Depreciation, Trademark, Amalgamation, Disallowance under Section 14A - The assessee claimed depreciation on a Trademark that was recorded in its books pursuant to the amalgamation of the Transferor Company with the assessee. The Assessing Officer (AO) disallowed the depreciation claim,...
Income Tax - Foreign tax credit, Delayed filing of Form No. 67, Mandatory vs Directory requirement - The assessee, an individual and a resident of India, filed his return of income for the AY 2018-19 within the due date. However, he inadvertently omitted to disclose certain foreign income in the ret...
Income Tax - Bogus purchases, Disallowance, Profit estimation - The assessee, a firm converted into a company, was found to have made alleged bogus purchases from certain entities. The Assessing Officer (AO) disallowed the entire purchase expenses and made additions to income on the basis of such al...
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
Notification No. 61/2026 | 10-Apr-2026
Corrigendum to Notification of Income tax return Form 5
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
Circular No. 2/2026 | 25-Mar-2026
Order under section 119 of the Income-tax Act, 1961 for extension of timeline for issuance of tax deducted at source (TDS) certificate under section 203 of the Act for the quarter ending 31st December 2025

Recent Updates

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 - 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 - 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 - 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
    30-Mar-2026
    Crackdown of CBDT on Restaurants; Are other B2C sectors are now “sensitive” and under close scrutiny?
    It looks like the government is moving toward data triangulation across multiple sources...
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VIDEO | 31st March Income Tax To Do: in light of ITA'25 from 1st April 26