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Income Tax : Smt. Ranjana Kumari/Kalta Vs DCIT/ACIT (Central) (ITAT Chandigarh) The appeals involved three assessees belonging to the Kalta Gro...
Income Tax : The guide compiles the principal Income-tax Act provisions applicable to non-residents establishing business in India and resident...
Income Tax : CBDT has identified six categories of returns for compulsory scrutiny during FY 2026-27. Selection triggers detailed examination b...
Income Tax : Tax on dividends, interest, royalties and FTS earned by non-residents is governed by the more beneficial rate under the Income-tax...
Income Tax : The applicable withholding tax depends on the Income-tax Act or the relevant DTAA, whichever is more beneficial. Treaty rates diff...
Income Tax : Net direct tax collections for FY 2026-27 grew by 14.64% as of June 17, 2026, driven by higher corporate and non-corporate tax rec...
Income Tax : The CBI apprehended an Income Tax Office Superintendent in Odisha after he was allegedly caught accepting a bribe for deleting a d...
Income Tax : The Income Tax Appellate Tribunal has proposed a priority disposal mechanism for appeals filed up to and including 2022 in respons...
Income Tax : A representation has urged CBDT to merge TDS return codes 1023 and 1024, arguing that both apply to the same contract payments wit...
Income Tax : Association requested CBDT to rationalize CASS 2026 case selection considering the administrative burden caused by implementation ...
Income Tax : ITAT held that CPC could not make adjustments under Section 143(1) without issuing the mandatory prior intimation. The order was q...
Income Tax : SC issued notice as Delhi HC quashed Section 153C notices beyond the ten-year block period while clarifying key principles on sear...
Income Tax : ITAT held the assessment time-barred as the AO failed to pass the final order within the mandatory timeline under Section 144C(13)...
Income Tax : Tribunal partly allowed the assessee's appeals by granting relief on transfer pricing, scientific research deduction, product regi...
Income Tax : The High Court held that the assessment was time-barred as it was not completed within the mandatory period under Section 144C....
Income Tax : CBDT has approved a scientific research institution under the Income-tax Act, 2025 for tax years 2026-27 to 2030-31. The notificat...
Income Tax : CBDT has approved the University of Hyderabad for scientific research under Section 45 of the Income-tax Act, 2025. The approval i...
Income Tax : The CBDT has identified specific categories of taxpayers whose returns will be compulsorily selected for complete scrutiny during ...
Income Tax : The Ordinance exempts interest income and capital gains arising from Government securities for Foreign Institutional Investors and...
Income Tax : The Central Government has specified infrastructure sub-sectors from the Updated Harmonised Master List as eligible businesses und...
Notification No. 10888/1999 – Income Tax In exercise of the powers conferred by clause (6C) of section 10 of the IT Act, 1961 (43 of 1961), the Central Government hereby dealers that any income arising by way of fees to M/s Dowty Aerospace Gloucester Limited, a company having its registered office at Cheltanham Road, Gloucester, GL2 9HQ, U.K. for such technical services as training, technical publication, technical
Notification No. 10886/1999 – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies 7 years 8.85% tax-free (2004-VIIIth Series) non-convertible secured redeemable bonds of Rs. 1,00,000 each for an amount of Rs. 175 crores (Rupees one hundred seventy-five crores only) bearing distinctive numbers from 80000001 to 80017500 issued by Power Finance Corporation Limited for the purpose of the said item
Notification No. 10885/1999 – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies 9.5% tax-free Indian Renewable Energy Development Agency Energy Bonds (Series V) of Rupees one thousand each for an amount of Rupees one hundred crores only bearing distinctive numbers from 01 to
Notification No.10884 – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies 7 years 8.35% tax-free (2004-XXXIVth series) bonds of Rs. 50,00,000 each for an amount of Rs. 100 crores (Rupees one hundred crores only) bearing distinctive numbers from 600001 to 600200 issued by Rural
Notification No.S. O.1327 – Income Tax It is notified for general information that in respect of notifications and enterprises listed at para 2 (below), the approval of the Central Government granted earlier for the purpose of section 10(23G) of the Income-tax Act, 1961, for the assessment years 1998-99 to 2000-2001 be corrected to read as assessment years 1999-2000 to 2001-2002
Notification No.10881- Income Tax It is notified for general information that in respect of notifications and enterprises listed at para (2) below, the approval of the Central Government granted earlier for the purpose of section 10(23G) of the Income-tax Act, 1961 for assessment years 1999-99 to 2000-2001 be corrected to read as assessment years 1999-2000 to 2001-2002. The other terms and conditions for grant of
It cannot be a matter of an argument that the amount of sales by itself cannot represent the income of the assessee who has not disclosed the sales. The sales only represented the price received by the seller of the goods for the acquisition of which it has already incurred the cost. It is the realisation of excess over the cost incurred that only forms part of the profit
Notification No.S. O. 1125 – Income Tax It is notified for general information that Cent Bank Home Finance Ltd., Bhopal, has been approved by the Central Government for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment years 1998-99 and 1999-2000.
Notification No.10876 – Income Tax It is notified for general information that M/s Cent Bank Home Finance Ltd., Bhopal, has been approved by the Central Government for the purposes of s. 36(1)(viii) of the Income-tax Act, 1961, for the asst. yrs. 1999-99 and 1999-2000
Notification No.S. O. 1546 – Income Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act, 1961, and till other powers enabling me in this behalf, I, the Chief Commissioner of Income-tax, Calcutta, hereby direct that the officers mentioned in column
