01 Dec 2025, 02:11 am
Income Tax - Rental Expenses, Salary Expenses, Cash Deposit during Demonetization, Employee Stock Option Plan (ESOP) Expenses, Deferred Income - The assessee is a company engaged in the business of providing time share services to its members. The assessee filed the return of income for AY 2017-18 d...
Income Tax - Section 44AB, Mutuality, Penalty under Section 271B - The assessee is a unit set up under the Government of Tamil Nadu Home Department to cater to the requirement of police personnel for household items. It procures items from suppliers and distributes them to 9 canteens serving the pol...
Income Tax - Reassessment proceedings, Notice under Section 148, Jurisdiction of Jurisdictional Assessing Officer (JAO) vs Faceless Assessing Officer (FAO) - The assessee challenged the reassessment order passed under Section 147 of the Income Tax Act, 1961. The key issue was whether the notice unde...
Income Tax - Delay in filing appeal, TCS, Documentary evidence - The assessee filed an appeal before the ITAT against the order of the CIT(A) within 37 days beyond the stipulated time period. The CIT(A) had dismissed the assessee's appeal against the demand raised by the department on account of all...
Income Tax - Revision under Section 263, Examination of Creditors, Compliance with ICDS and AS-7, Refund claim, Difference in Opening and Closing stock, Purchase from Non-filers - The PCIT initiated proceedings under section 263 of the Income-tax Act, 1961 to revise the assessment order passed by th...
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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