18 Mar 2026, 12:20 am
Income Tax - Gratuity and Leave Encashment, Trademark, Marketing Rights, Capital Receipts, Revenue Receipts - The assessee claimed deduction of expenses towards gratuity and leave encashment paid to employees under VRS as well as claimed receipts from transfer of trademarks, marketing rights and kno...
Income Tax - Transfer Pricing, AMP Expenses, Arm's Length Price, Adjusted TNMM, Cost Plus Method - The assessee, a distributor of golf equipment and accessories in India, had incurred significant AMP expenses and declared international transactions with its parent company. The Transfer Pricing Offic...
Income Tax - Revisional Powers, LTCG Exemption, Applicability of Section 115JB - The assessee is a Mauritius based company that sold shares of an Indian company and claimed exemption on the long-term capital gains (LTCG) under the India-Mauritius Double Taxation Avoidance Agreement (DTAA) as well as...
Income Tax - Penalty, Inaccurate particulars of Income, Foreign Exchange Loss - The Revenue has filed an appeal against the order of the CIT(A) deleting the penalty levied under section 271(1)(c) of the Income Tax Act, 1961 for furnishing inaccurate particulars of income - Whether the penalty under ...
Income Tax - Profit on sale of fixed assets, Reversal of provision for bad debts, Bad debts written off - The Assessing Officer (AO) made additions to the assessee's income of (i) Rs.71,85,261 on account of profit on sale of fixed assets, and (ii) Rs.35,07,92,820 comprising Rs.19,13,61,566 being rev...
Notification No. 19/2026 | 05-Mar-2026
Income-tax (Amendment) Rules, 2026 - Amendment to Rule 114F, 114G & 114H
Notification No. 08/2026 | 19-Jan-2026
Tax Exemption on Specified Income of "Aligarh Development Authority" U/s 10(46A) of Income-tax Act, 1961
Notification No. 09/2026 | 19-Jan-2026
Tax Exemption on Specified Income of "Barnala Improvement Trust" U/s 10(46A) of Income-tax Act, 1961
Notification No. 10/2026 | 19-Jan-2026
Tax Exemption on specified income of "Agra Development Authority" U/s 10(46A) of Income-tax Act, 1961
Notification No. 11/2026 | 21-Jan-2026
Tax Exemption on Specified Income of "Karnataka State Rural Livelihood Promotion Society" U/s 10(46) of Income-tax Act, 1961
Press Release | 23-Feb-2026
Governments of India and France sign the Amending Protocol to amend the India-France Double Taxation Avoidance Convention
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
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

Governments of India and France sign the Amending Protocol to amend the India-France Double Taxation Avoidance Convention
Circulars
Extension of timelines for filing of various reports of audit and Income Tax Returns (ITRs) for the Assessment Year 2025-26
Circulars
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
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
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TAX VISTA | Your Weekly Tax Recap

  • 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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