Income Tax - Addition on account of difference in business receipts as per billing and as per books of accounts - Appellant, engaged in international logistics and cargo services, raised bills on two parties, whereas the parties recorded different amounts in their books - AO treated the difference a...
Income Tax - Addition under Section 68 on account of unsecured loan received from group concern, Addition under Section 68 on account of unsecured loan received from relative, Addition under Section 68 on account of amount received from own firm and applied for repayment of loan - Respondent, a dir...
Income Tax – Addition under Section 68 on unsecured loans alleged to be accommodation entries based on retracted third party search statements, Condonation of delay in filing cross-objection - Respondent received unsecured loans from two companies alleged in a search to belong to an entry provider,...
Income Tax – Penalty under Section 270A where income is assessed under the book profit provisions of Section 115JB - Appellant inadvertently failed to add back the provision for tax payable in the computation of book profit, which resulted in lower book profit being returned. The provision was added...
Income Tax – Revision under Section 263 where the AO had called for details and perused supporting evidence on deduction under Section 80G claimed on donations forming part of CSR expenditure - Appellant claimed deduction under Section 80G which was allowed in the assessment under Section 143(3. The...
Notification No. 137/2026 19 Oct 2026 Income-tax (Seventh Amendment) Rules, 2026 - Insertion of Rule 281A & Form 173A
Notification No. 136/2026 19 Oct 2026 Exemption from deduction of tax at source in respect of interest payable under the New Development Bank (NDB) Maharajah INR Bond Programme
Notification No. 135/2026 13 Oct 2026 Protocol amending the Convention between the Government of the Republic of India and the Government of Mauritius for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains and for the encouragement of mutual trade and investment
Notification No. 134/2026 08 Oct 2026 Income-tax (Sixth Amendment) Rules, 2026 - Amendment to Rule 231 & Form No. 161
Notification No. 133/2026 30 Sep 2026 Further amendments to the Notification number S.O. 359, dated the 30th March, 1988 – Regarding Control of Notified Subordinate Officer under Income-Tax Authorities u/s 118 Income-Tax Act, 1961
Circular No. 07/2026 28 Sep 2026 Extension of timelines for filing of various reports of audit and Income Tax Returns (ITRs) for the Assessment Year 2026-27
Press Release 28 Sep 2026 CBDT extends due date for furnishing Return of Income for AY 2026-27 in respect of persons subject to audit under the Income-tax Act, 1961
F. No. 225/84/2024/ITA-II 09 Sep 2026 Order under section 258(1) of the Income Tax Act, 2025 regarding Secretary, ITE&C, Government of Andhra Pradesh
Press Release 18 Aug 2026 Income Tax Department undertakes verification of suspicious foreign remittances
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... Caselaws
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... Caselaws
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... Caselaws
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... Caselaws
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... Caselaws