Income Tax – Tax Appeal against remand order becoming infructuous on subsequent deletion of the entire transfer pricing adjustment - Respondent came into existence pursuant to the demerger of the plastics division of its predecessor. The Transfer Pricing Officer (TPO) rejected the comparables select...
Income Tax – Contract cancellation charges not speculation loss under section 73 – The Respondent-assessee, engaged in trading of agricultural products, paid contract cancellation charges to foreign parties for non-fulfillment of contractual terms and conditions, resulting in settlement of contracts...
Income Tax – Existence of Agency Permanent Establishment in India of a non-resident distributor and licensor - Appellant is a tax resident of Ireland and a principal distributor and licensor of software and hardware products, and appointed an Indian entity as its non-exclusive distributor. AO allege...
Income Tax – Taxability of Merchandise Exports from India Scheme (MEIS) incentive under Foreign Trade Policy 2015-20, Capital or revenue receipt, Normal provisions and Section 115JB - Appellant-Revenue challenged the order of the CIT(A) holding that export incentives received under the MEIS are capi...
Income Tax – Transfer pricing adjustment arising from change in filters and selection of comparables - Respondent-assessee filed the return of income and the case was selected for scrutiny. AO made an addition by adopting the arm’s length price determined by the TPO, who modified the filters, reject...
Notification No. 139/2026 30 Oct 2026 Income-tax (Eighth Amendment) Rules, 2026 - Insertion of Rule 189A & Form No. 112A
Notification No. 138/2026 28 Oct 2026 Exemption from Tax Deducted/Collected at Source (TDS/TCS) to the International Rice Research Institute (IRRI)
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
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