17 Dec 2025, 04:45 am
Income Tax - Section 44C, Head Office Expenditure, Non-resident Assessees, Common and Exclusive Expenditure - Interpretation of Section 44C of the Income Tax Act, 1961, as to whether it merely covers 'common expenditure' incurred by the head office attributable to an assessee's business in India or ...
Income Tax - Tax deduction at source, Form 15H declaration, Interest paid to senior citizens - The appellant bank had not deducted tax at source on interest paid to senior citizen depositors who had furnished declarations in Form 15H. The Income Tax Department treated the bank as an 'assessee in def...
Income Tax - Foreign Exchange Fluctuation Loss, Carry forward of Losses - The assessee is engaged in the business of engineering consultant, Research Engineers Press Engineers Planning and Consultant Engineers. The assessee claimed a foreign exchange fluctuation loss of Rs. 2,89,12,346 and also soug...
Income Tax - Reassessment, Notice u/s 148, Notice u/s 143(2), Proceedings u/s 153C, Bogus purchases - The assessee was a partnership firm engaged in the textile business. The Assessing Officer (AO) initiated reassessment proceedings u/s 148 after receiving information that the assessee had made bogu...
Income Tax - Natural Justice, Validity of Reassessment, Creditworthiness and Genuineness of Loan Transaction, Disallowance of Interest Expense - The assessee, a real estate development company, received accommodation entry of Rs. 1 crore from an entity controlled by a hawala operator. The Assessing ...
Notification No. 62/2024 | 18-Jul-2024
Amendment to Notification No. 51/2021/F. No. 370142/43/2020-TPL , dated the 5th May, 2021
Notification No. 03/2025 | 17-Oct-2025
Approval of M/s Institute of Advanced Medical Research & Innovations Forum for Scientific Research under Section 35(1)(iia) of the Income Tax Act, 1961
Notification No. 155/2025 | 27-Oct-2025
Delegation of concurrent powers to the Commissioner of Income Tax, CPC Bengaluru for Rectification of Mistakes U/s 154 and issuance of Notices U/s 156 of Income Tax Act, 1961
Notification No. 02/2025 | 17-Oct-2025
Approval of M/s Mazumdar Shaw Medical Foundation for Scientific Research under Section 35(1)(iia) of the Income Tax Act, 1961
Notification No. 63/2024 | 18-Jul-2024
Amendment to Notification No. 52/2021/F. No. 370142/42/2020-TPL , dated the 5th May, 2021
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

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  • vivek
    05-Nov-2025
    The expenses incurred during a ‘no-income period’ would be considered as allowable u/s 37(1) of ITA’61 or 34(1) of ITA’25
    As per both ITA’61 and ITA’25 the position remains the same that any expenditure laid out or expended wholly and exclusively for the purposes of...
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