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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 : Gujarat HC quashed the reassessment proceedings after holding that ignoring the assessee's adjournment request violated natural ju...
Income Tax : ITAT held that once Form 10IE is validly exercised and not withdrawn, it continues for later years. AO was directed to grant Secti...
Income Tax : Madras HC upheld deduction for site restoration expenses, holding the contractual obligation under the PSC is allowable under Sect...
Income Tax : ITAT Mumbai held that a deduction claim supported by prevailing judicial precedents cannot attract Section 270A penalty merely bec...
Income Tax : ITAT deleted the Section 68 addition after holding that the assessee fully established the lender, source of funds and genuineness...
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...
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 The Shraddhanand Mahilashram, Bombay, for the purpose of the said sub-clause for the assessment years 1986-87 to 1988-89.
Notification: S.O.2908 Section 10(23C) (iv) Central Government hereby notifies The Annie Besant Trust, Madras, for the purpose of the said sub-clause for the assessment year 1988-89.
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 Veda Rakshana Nidhi Trust, Madras, for the purpose of the said sub-clause for the assessment year 1988-89.
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 Gujarat Chief Minister’s Relief Fund, for the purpose of the said sub-clause for the assessment years 1987-88 and 1988-89.
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 St. Joseph’s Education and Medical Relief Society, Bombay , for the purpose of the said sub-clause for the assessment years 1985-86 to 1988-89.
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 The Research and Information System For the Non-Aligned and Other Development Countries, New Delhi , for the purpose of the said sub-clause for the assessment years 1984-85 to 1988-89.
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 The Amalgamated Tamil Nadu Share of the Post War Services Reconstruction and Rehabilitation of Ex-servicemen Funds, for the purpose of the said sub-clause for the assessment year 1988-89.
Circular No.512 – Income Tax The levy of tax on expenditure incurred in certain hotels came into force from 1st November, 1987. The Expenditure Tax Act, 1987 provides for a levy at the rate of 10 per cent of the ‘chargeable expenditure’ incurred by a person in a hotel. Hotels where such a tax is levied on a person incurring chargeable expenditure are those where the room charges for any unit of accommodation
In exercise of the powers conferred by sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies Shri Nanak Jhira Saheb Foundation, Karnataka for the purpose of the said sub-clause for the assessment year 1988-89.
Notification no. S.O.1831-Income Tax In exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the ” 11% IDBI Bonds, 2002 (47th Series)” issued by the Industrial Development Bank of India, Bombay, for the purposes of the said clause
