20 Jan 2026, 11:40 pm
Income Tax - Notice under Section 148 of Income Tax Act, 1961, Reassessment proceedings, Interest-free loan, Deemed income under Sections 2(22)(e) and 2(24)(iv), Change of opinion, Limitation period - The petitioners, a Director and 50% shareholder of a company RRPR, received an interest-free loan f...
Income Tax - Transfer Pricing, Comparable Uncontrolled Price (CUP) method, Resale Price Method (RPM), TNMM, Arm's Length Price, Consistency, Section 40(a)(i) - The assessee is a 100% subsidiary company of Mobil Petroleum Company Inc. USA and engaged in the business of manufacturing and trading of va...
Income Tax - Permanent Establishment, Royalty, Income Tax, Double Taxation Avoidance Agreement (DTAA) - The assessee is a company incorporated in the USA and is a tax resident of the United States as per the DTAA between India and the USA. The assessee has a wholly owned subsidiary in India - Oracle...
Income Tax - Cessation of liability, Bad debt write-off, Section 41(1) - The assessee, a partnership firm engaged in the business of earth works and blasting works, had an amount of Rs.56,23,216/- payable to one of its creditors, M/s. Sai Sri Constructions. The creditor wrote off this amount as bad ...
Income Tax - Reassessment, Bogus Purchases, Disallowance under Section 14A, Disallowance of Motor Car Expenses - The Assessee is a private limited company engaged in the business of interior designing and allied works. For the Assessment Year 2010-2011, the Assessing Officer (AO) initiated reassessm...
Notification No. 7/2026 | 14-Jan-2026
Notification under section 10(46) of the Income Tax Act, 1961 in the case of West Bengal Building and Other Construction Workers Welfare Board
Notification No. 06/2026 | 08-Jan-2026
Notification u/s 10(23EE) of the Income Tax Act, 1961 in the case of Core Settlement Guarantee Fund
Notification No. 05/2025 | 07-Jan-2026
Notification under section 10(46A) of the Income Tax Act, 1961 in the case of Gorakhpur Industrial Development Authority
No. 71-Ad(AT)/2025 | 19-Dec-2025
Income-tax (Appellate Tribunal) Amendment Rules, 2025
Notification No. 01/2026 | 05-Jan-2026
Notifies Inbar Holding RSC Limited as Pension Fund for Section 10(23FE) 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

Notification u/s 10(23EE) of the Income Tax Act, 1961 in the case of Core Settlement Guarantee Fund
Notifications
Notification under section 10(46A) of the Income Tax Act, 1961 in the case of Gorakhpur Industrial Development Authority
Notifications
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 - 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 - 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
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  • vivek
    09-Dec-2025
    CBDT’s NUDGE to Taxpayers to disclose Foreign Assets under Black Money Act...
    CBDT has again received the information from foreign jurisdictions under the Automatic Exchange of Information (AEOI) program...
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