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Income Tax : The Tribunal held that additions cannot stand without a clear link between seized material and the assessee. It ruled that third-p...
Income Tax : The court examined whether NHRC can direct investigations unrelated to human rights violations. It held that such actions may exce...
Income Tax : The scheme allows households to deposit gold and earn interest without selling it. The key takeaway is that both interest and capi...
Income Tax : The issue is whether foreign businesses without offices in China must comply with tax laws. The key takeaway is that activities an...
Income Tax : The new tax law addresses long-standing concerns over complexity by reducing provisions and simplifying language. It introduces st...
Income Tax : The issue was complexity in the existing tax law. It was clarified that the new Act simplifies structure by reducing sections and ...
Income Tax : The tax department clarified that no search or restriction was carried out against the individual. It termed the allegations basel...
Income Tax : The issue concerns massive backlog in ITAT caused by unfilled positions and delayed appointments. The intervention highlights that...
Income Tax : The audit found widespread incorrect claims of deductions for bad debts and reserves. It highlights the need for stricter verifica...
Income Tax : This webinar breaks down the major structural and conceptual changes introduced in the new Income Tax Act, 2025. It helps professi...
Income Tax : ITAT Delhi held that companies owning and operating channels cannot be compared with distribution company for the purpose of trans...
Income Tax : The Tribunal examined disallowance made for delayed employee contributions under Section 143(1). It held that debatable issues can...
Income Tax : The issue involved validity of penalty proceedings initiated through an unsigned notice. The Tribunal ruled that such a notice is ...
Income Tax : The case examined whether property registered in trustees’ names violated Section 13(1)(c). The Tribunal held no violation as no...
Income Tax : The case examined whether a lower TDS certificate applies prospectively or for the full year. The Court held it applies to the ent...
Income Tax : The consolidation into Form 121 introduces stricter documentation and reporting obligations. The decision emphasizes accountabilit...
Income Tax : A corrigendum fixes multiple drafting and referencing mistakes in income tax rules. The update ensures clarity without altering su...
Income Tax : The new tax regime introduces Form 121 as a single declaration replacing Forms 15G and 15H. It simplifies TDS exemption compliance...
Income Tax : CBDT clarified the presentation of error categories in Form U. The update ensures clearer reporting of incorrect income heads and ...
Income Tax : The corrigendum corrects technical errors in multiple ITR schedules, including CG and CYLA. It ensures accurate reporting and smoo...
Circular No. 426-Income Tax I am directed to invite a reference to this Department’s Circular No. 391 [F. No. 275/17/84-IT(B)], dated 8-8-1984 wherein the rates at which the deduction of income-tax was to be made during the financial year 1984-85 from payments of income by way of insurance commission under section 194D were intimated.
Notification No- S.O.4745 – Income Tax In continuation of this office notification No. 5701 (F. No. 203/10/84–ITA. II) dated 7-3-1984, it is hereby notified for general information that the Institution mentioned below has been approved by the Department of Science & Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, read with rule 6 of
Notification No- S.O.4027 – Income Tax In continuation of this Office Notification No. 6047 (F. No. 203/46/84–ITA. II) dated 21-11-1984, it is hereby notified for general information that the ” Institution ” mentioned below has been approved by the Department of Science & Technology, New Delhi, the prescribed authority for the purposes of clause (iii) of sub-section (1) of section 35 (Thirty five/One/Three) of the Income-tax
Notification No- S.O.4242 – Income Tax In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies ” Arya Vaidya Sala, Kottakkal (Kerala) “, for the purpose of the said section for the period covered by the assessment years 1986-87 to 1988-89
Notification No- S.O.4215 – Income Tax In continuation of this office notification No. 5434 (F. No. 203/154/83–ITA. II) dated 22-10-1983, it is hereby notified for general information that the Institution mentioned below has been approved by the Department of Science and Technology, New Delhi, the prescribed authority for the purpose of clause (ii) of sub-section (1) of section 35 (Thirty-five/one/two) of the Income-tax Act
Notification No- S.O.4026 – Income Tax It is hereby notified for general information that the approval granted to Poona Medical Foundation, Poona, under section 35(1)(ii) of the Income-tax Act, 1961, vide Ministry of Finance (Department of Revenue and Insurance) Notification No. 511 (F. No. 203/57/73–ITA. II) dated December 4, 1973, is hereby restricted upto 31-3-1986
Notification No- S.O.4025 – Income Tax It is hereby notified for general information that the approval granted to Food Marketing Centre of the Xavier Labour Relations Institute, Jamshedpur, under section 35(1)(ii) of the Income-tax Act, 1961, vide Ministry of Finance (Department of Revenue and Insurance) Notification No. 165 (F. No. 203/26/72–ITA. II) dated August 28, 1972, is hereby withdrawn with effect from
Notification No- S.O.4379 – Income Tax In continuation of this office notification No. 6108 (F. No. 203/217/83–ITA. II) dated 14-1-1985, it is hereby notified for general information that the institution mentioned below has been approved by the Department of Science & Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 (Thirty-five/one/two) of the Income-tax Act
Notification No- S.O.529(E) – Income Tax In exercise of the powers conferred by section 295, read with section 80U, of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely
Notification No- S.O.4253 – Income Tax In exercise of the powers conferred by sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies ” D. A. V. College Managing Committee “, for the purpose of the said section for the period covered by the assessment years 1984-85 to 1986-87
