News

The IT Dept has detected large-scale sales suppression in the restaurant sector and launched the Saksham NUDGE campaign, urging 63,000 restaurants to update their tax returns before March 31, 2026.

CBDT Urges 63,000 Restaurants to Update Returns Before March 31 under ‘Saksham NUDGE’ Campaign

Judgement

ITAT held that where the AO accepted a registered valuer’s FMV after examination, the order cannot be revised under Section 263 merely because the PCIT believes a DVO reference should have been made.

Tribunal Sets Aside Section 263 Revision, Where AO Examined Valuation

The Tribunal held that sale of off-the-shelf software to Indian distributors did not create a dependent agent PE; income not taxable in India.

ITAT: Loan Write Off To Subsidiary Disallowed For Lack Of Commercial Prudence

ITAT held that sale of off-the-shelf software by Milestone Systems A/S to Indian distributors did not create a Dependent Agent PE under the India–Denmark DTAA, making the income non-taxable in India.

ITAT Says Software Licence Sales Not Taxable In Absence Of Permanent Establishment

Articles

Salary around Rs. 12 lakh or switched jobs during the year? You may still need to pay advance tax if you have additional income. Learn who must pay advance tax, due dates, and how to avoid penalties.

Salary Around Rs 12 Lakh or Job Switch During the Year? Why You Should Consult a CA for Advance Tax

The ITAT quashed reassessment proceedings, holding that a Section 148 notice issued beyond three years must be approved from the higher authority mandated under Section 151.

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CBDT Urges 63,000 Restaurants to Update Returns Before March 31 under ‘Saksham NUDGE’ Campaign

Tribunal Sets Aside Section 263 Revision, Where AO Examined Valuation

ITAT: Loan Write Off To Subsidiary Disallowed For Lack Of Commercial Prudence

ITAT Says Software Licence Sales Not Taxable In Absence Of Permanent Establishment

Salary Around Rs 12 Lakh or Job Switch During the Year? Why You Should Consult a CA for Advance Tax

Section 148 Notice After 3 Years Must Be Approved by Higher Authority: ITAT Delhi