Judgement

ITAT Ahmedabad granted partial relief to a small trader by replacing a full unexplained income addition with an 8% presumptive profit estimation on total turnover.

ITAT Grants Major Relief to Small Trader, Limits Tax Liability Using 8% Presumptive Income Rule

Circulars

The CBDT has extended the due date for issuing a TDS certificate for the 3rd Quarter (ending on December 31, 2025) to March 31, 2026.

CBDT Extends Due Date to Issue TDS Certificate for Third Quarter Till March 31

The ITAT held that a valid Section 153C satisfaction note must clearly establish a direct link between seized material and the determination of taxable income.

ITAT Delhi Quashes 153C Assessments Over Lack of ‘Bearing’ in Satisfaction Note

Supreme Court Refuses to Interfere; Key Issues on Reinsurance, Foreign Payments, MAT Applicability and Section 14A Decided in Favour of Assessee

SC Dismisses Income Tax Department's SLP against Cholamandalam MS General Insurance

Notifications

The CBDT has granted income-tax exemption to the Visakhapatnam SEZ Authority for specified income, subject to certain conditions.

Govt. Notifies Income Tax Relief To Visakhapatnam Special Economic Zone Authority

The CBDT has notified the Varanasi Development Authority for income tax exemption under the Income-tax Act, subject to conditions.

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ITAT Grants Major Relief to Small Trader, Limits Tax Liability Using 8% Presumptive Income Rule

CBDT Extends Due Date to Issue TDS Certificate for Third Quarter Till March 31

ITAT Delhi Quashes 153C Assessments Over Lack of ‘Bearing’ in Satisfaction Note

SC Dismisses Income Tax Department's SLP against Cholamandalam MS General Insurance

Govt. Notifies Income Tax Relief To Visakhapatnam Special Economic Zone Authority

CBDT Grants Tax Exemption to Varanasi Development Authority Under Section 10 of Income-tax Act