10 Sep 2026, 02:57 pm
Foreign Exchange Regulation Act - Non-realization of export proceeds under Guaranteed Remittance Forms - Appellant firm engaged in garment export business failed to secure export proceeds within time period specified by Reserve Bank of India for certain Guaranteed Remittance Forms - Whether penalty ...
Income Tax - Disallowance of Goodwill and Double Addition, Disallowance of depreciation on goodwill, Set-off of brought forward business losses - Assessee had itself added back the amount of goodwill while computing taxable income in the return of income. The AO disallowed the purchase of goodwill i...
Income Tax - Disallowance of trademark fees paid to parent company for usage of trademark – Assessee does not own the trademark and holds limited right to use it under licensing agreement. Trademark fee is recurring in nature paid on year-on-year basis as percentage of gross profit – Whether the...
Income Tax – Stock/Sundry Creditors/ Sundry Debtors Discrepancy – Closing stock as per balance sheet was rupees three lakh fifty three lakh eighty thousand whereas as per bank verification report the stock was shown as rupees two lakh seventy five lakh – Whether the differential amount could b...
Income Tax - Validity of Assumption of Revisional Jurisdiction under Section 263, Audit Objection, Revisional jurisdiction for Assessment Year 2021-22 – Exercise of revisional jurisdiction by Principal Commissioner of Income Tax – Audit objection raised by audit party was reproduced verbatim in ...
Notification No. 117/2026 | 25-Aug-2026
Notification under Section 11 of the Income Tax Act, 2025 in the case of Maharashtra Electricity Regulatory Commission
Notification No. 116/2026 | 25-Aug-2026
Notification under Section 536(1) of the Income Tax Act, 2025 in the case of Maharashtra Electricity Regulatory Commission
NOTIFICATION No. 115 of 2026-CBDT | 21-Aug-2026
Notification u/s 45(3)(a)(i) r.w.s. 45(4)(b) of the Income Tax Act, 2025 in the case of International Institute of Bio Technology and Toxicology, Tamil Nadu
Act No. 21 of 2026 | 17-Aug-2026
Taxation and Other Laws (Amendment) Act, 2026
Notification No. 113 /2026 | 11-Aug-2026
Notification under Section 11 of the Income Tax Act, 2025 in the case of District Legal Service Authority, Panchkula
Press Release | 18-Aug-2026
Income Tax Department undertakes verification of suspicious foreign remittances
F. No. 225/77/2026/ITA-II | 22-Jul-2026
Order under section 258(1)(b) of the Income-tax Act, 2025
F. No. 225/73/2025-ITA-II | 08-Jul-2026
Order u/s 239 of the Income Tax Act, 2025
F. No. 225/73/2025-ITA-II | 08-Jul-2026
Order u/s 119 of the Income Tax Act, 1961
F. No. 370149/107/2026-TPL | 06-Jul-2026
Clarificatory Frequently Asked Questions (FAQs) related to transition provisions under Section 536 of the Income-tax Act, 2025 (Repeals and Savings)

Recent Updates

Income Tax - Cancellation of registration of charitable institution - The Appellant is a charitable society registered under the Income Tax Act engaged in running educational institutions. Upon expiry of the earlier registration, the Appellant filed ...
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Income Tax - Penalty under section 271(1)(c) of the Act - The Assessing Officer (AO) imposed penalty on undisclosed income that was surrendered by the Respondent during search proceedings initiated under section 132 by invoking the provisions of Expl...
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Income Tax - Developer versus Works Contractor, Deduction Eligibility, Pre-project Expenditure, Commercial Expediency, Joint Venture, Constituent Member Eligibility - The appellant assessee was involved in road and canal projects awarded by governmen...
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Income Tax - Under-valuation of closing stock, Stock statement to bank, Disallowance of interest, Unpaid purchase price, Insurance expenses, Keyman Insurance Policy, Valuation method - The Assessing Officer (AO) completed the assessment making additi...
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Income Tax - Consequential assessment order, Validity - The revenue framed a consequential assessment order under section 143(3) read with section 263 of the Act following directions issued by the Principal Commissioner of Income Tax invoking the rev...
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  • vivek
    19-Aug-2026
    Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 (FAST DS 2026)
    The Finance Act, 2026 has introduced a compliance window for individuals with undisclosed foreign assets or income...
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