17 Nov 2025, 03:56 pm
Income Tax - Notice under Section 148, Reassessment Proceedings, Principles of Natural Justice, Service of Notice - The petitioner, a partnership firm engaged in the business of road construction, mining and crushing, filed its return of income for the assessment year 2016-17 showing a gross total i...
Income Tax - Arm's Length Price, Transfer Pricing, TNMM, Comparable Companies, Operating Expenses, Extraordinary Expenses, Finance Costs, Foreign Exchange Losses, Interest on Receivables - The assessee company engaged in providing structural steel engineering and detailing services to its Associated...
Income Tax - Reassessment, Seized Material, Incriminating Documents, Jurisdiction - The assessee is a company of the Bestech Group and the seized documents were found from the corporate office of the Bestech Group during a search operation. The assessment year under consideration is 2011-12 which wa...
Income Tax - Reassessment, Approval under Section 151, Specified Authority - The Assessing Officer (AO) had issued a notice under Section 148 of the Income Tax Act, 1961 for the Assessment Year 2017-18, which was beyond the period of 3 years from the end of the relevant assessment year. The approval...
Income Tax - Disallowance of PF/ESIC contributions due to delay in deposit, Adjustment of depreciation under ICDS during processing under section 143(1) - The assessee filed appeals against the orders of the Commissioner of Income Tax (Appeals) upholding the disallowance of PF/ESIC contributions due...
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. 154/2025 | 24-Oct-2025
Double Taxation Avoidance Agreement between the Government of The Republic of India and the Government of The State of Qatar
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
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

Recent Updates

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 - 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 - 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

TAX VISTA | Your Weekly Tax Recap

  • vivek

    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 05-Nov-2025

    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... ... Read more

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