04 Dec 2025, 05:16 pm
Income Tax - Rectification, Tribunal's Powers, Appeal - The assessee challenged certain orders of the ITAT regarding rectification proceedings under Section 254(2) of the Income Tax Act, 1961 - Whether the ITAT was correct in exercising its powers under Section 254(2) to modify its earlier order dat...
Income Tax - Reassessment, Accommodation entry, Commission income, Estimated addition - The appeals were filed by various assessees against the orders of the Ld. CIT(A)/NFAC for various assessment years. The assessees had raised similar grounds of appeal challenging the additions made by the Assessi...
Income Tax - Remand Proceedings, Violation of Natural Justice, Transfer Pricing Adjustment, Comparables - The Revenue appealed against the order of the CIT(A) which gave partial relief to the assessee. The assessee also filed a CO against the Revenue's appeal. The issues raised in the appeals relate...
Income Tax - Valuation of shares, DCF method, NAV method, Section 56(2)(viib) - The assessee, a private limited company, issued 1,09,000 equity shares at a face value of Rs.10/- per share and a premium of Rs.500/- per share. The assessee adopted the DCF method to determine the fair market value of t...
Income Tax - Delay in filing appeal, Adjudication on merits, Representation of case - The assessee filed an appeal before the ITAT against the order of the CIT(A). There was a delay of 8 days in filing the appeal before the ITAT and a delay of 8 months in filing the appeal before the CIT(A) - Whethe...
Notification No. 62/2024 | 18-Jul-2024
Amendment to Notification No. 51/2021/F. No. 370142/43/2020-TPL , dated the 5th May, 2021
Notification No. 03/2025 | 17-Oct-2025
Approval of M/s Institute of Advanced Medical Research & Innovations Forum 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. 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. 63/2024 | 18-Jul-2024
Amendment to Notification No. 52/2021/F. No. 370142/42/2020-TPL , dated the 5th May, 2021
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
F.No.225/215/2018/ITA-II | 21-Oct-2025
C&AG performance Audit report No.1 of 2019 on "Assessment of assesses in entertainment sector" - Verification of expenses in assessment of Entertainment sector
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
Circular No. 13/2025 | 19-Sep-2025
Waiver of Interest under Section 220(2) on Delayed Demand Payment Due to Incorrect Claim of Rebate under Section 87A - Order under section 119 of the Income-tax Act, 1961
Circular No. 12/2025 | 15-Sep-2025
Extension of due date for filing of ITRs for the Assessment Year 2025-26

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  • vivek
    05-Nov-2025
    The expenses incurred during a ‘no-income period’ would be considered as allowable u/s 37(1) of ITA’61 or 34(1) of ITA’25
    As per both ITA’61 and ITA’25 the position remains the same that any expenditure laid out or expended wholly and exclusively for the purposes of...
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