24 Nov 2025, 05:28 pm
Income Tax - Reassessment Notices, Jurisdictional Assessing Officer (JAO), Faceless Assessing Officer (FAO), Faceless Assessment Scheme - The petitioners filed writ petitions challenging the notices issued under Section 148 of the Income Tax Act, 1961 by the JAO, contending that only the FAO has the...
Income Tax - Transfer Pricing, Arm's Length Price, Valuation, Intra-Group Services, R&D Services - The assessee is engaged in the business of providing integrated security solutions in India. During the assessment proceedings, the Assessing Officer (AO) made certain Transfer Pricing adjustments to t...
Income Tax - Royalty, Fees for Technical Services (FTS), Copyright, Copyrighted Article, Limitation Period - The assessee, a US-based company, provides access to online journals/online library, publications, distribution of journals, and online books to its Indian customers. During the year, the ass...
Income Tax - Double Taxation, Deduction of Carried Forward Losses - The assessee company is a registered NBFC engaged in providing financing services for purchase of two wheelers. The assessee declared NIL income for AY 2021-22 and claimed carry forward of current year's total loss of INR 18,19,72,2...
Income Tax - Jurisdiction, Reopening of assessment, Failure to disclose material facts - The Income Tax Department reopened the assessments for the Assessment Years 2007-08 and 2008-09 of the assessee company beyond the period of four years from the end of the relevant assessment year. The Departmen...
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. 154/2025 | 24-Oct-2025
Double Taxation Avoidance Agreement between the Government of The Republic of India and the Government of The State of Qatar
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
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
    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 05-Nov-2025
    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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