19 Dec 2025, 05:00 pm
Income Tax - Deduction of marketing intangible expenses, Allowability of ESOP expenses - The assessee is engaged in the business of wholesale distribution of various products as an e-commerce operator. For AY 2020-21 and 2021-22, the assessee filed its returns of income at nil, but the AO made addit...
Income Tax - Reopening of assessment, Disallowance of Transferable Development Rights (TDR) expense, Levy of penalty - The assessee is engaged in the business of real estate. The assessment for AY 2018-19 was reopened and the assessee's claim for deduction of TDR expense of Rs.54,538,780 was disallo...
Income Tax - Provision for long-term service award, Provision for leave encashment - The assessee is a private limited company that filed a return of income for AY 2022-23 declaring an income of Rs.98,68,020. The assessment order under Section 143(3) read with Section 144B made certain disallowances...
Income Tax - Reassessment, Unsigned notice u/s 148, Cash credits, Unexplained investments - The assessee, a private limited company, filed return of income declaring loss. The case was selected for reassessment under section 147. The Assessing Officer (AO) completed the reassessment proceedings u/s ...
Income Tax - Appeal, Search and Seizure, Bogus Purchases, Revision, Pending Appeal - During search proceedings, incriminating material was found related to the assessee. The Director of the assessee company admitted that the purchases and sales were bogus and the assessee earned a commission of 0.50...
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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