News

The new law does not change the underlying tax policy. It is designed in simple language and a streamlined format to reduce confusion and make tax filings easier.

India Introduces Landmark Income Tax Act, 2025, to Simplify Tax Compliance

India Introduces Income Tax Act, 2025, to Simplify Tax Compliance

Judgement

ITAT allows deduction for group cost allocation holding business nexus and commercial expediency sufficiently established

Centralized services cannot be disallowed merely because they were incurred by group entity: ITAT

Orders

The CBDT has introduced new forms (CR-01 &amp; CR-02) and a streamlined process for correcting PAN details, effective April 1, 2026.

CBDT Introduces New Application Forms to Amend or Rectify PAN Details; Effective April 2026

Tribunal remands appeals after finding inadequate hearing opportunity and violation of natural justice principles

ITAT Sets Aside Ex-Parte Orders for Denial of Fair Hearing Opportunity

High Court quashes time-barred reassessment but upholds special audit and valid later reopening proceedings in case of Huawei Telecommunications

HC Quashes Time-Barred Income Tax Reassessment in case of Huawei Telecommunications; Upholds Special Audit in Tax Dispute

ITAT holds Section 54 relief valid despite unregistered agreement where possession and payment are proven.

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India Introduces Income Tax Act, 2025, to Simplify Tax Compliance

Centralized services cannot be disallowed merely because they were incurred by group entity: ITAT

CBDT Introduces New Application Forms to Amend or Rectify PAN Details; Effective April 2026

ITAT Sets Aside Ex-Parte Orders for Denial of Fair Hearing Opportunity

HC Quashes Time-Barred Income Tax Reassessment in case of Huawei Telecommunications; Upholds Special Audit in Tax Dispute

ITAT Allows Section 54 Exemption on Unregistered Property Purchase with Possession