News

The company does not expect any major financial impact. It believes the order contains mistakes and is confident about fixing the issue through legal remedies.

Kokuyo Camlin Receives Rs 162.97 Crore Income Tax Demand

The Income Tax Department imposed a Rs 4,009 crore tax on undisclosed foreign assets till December 2025, continuing strict action.

Government Steps Up Efforts To Track Hidden Foreign Income

Judgement

The Tribunal ruled that no penalty should be imposed for a technical delay in filing a tax audit report if the audit itself was completed on time.

Income Tax: No Penalty for delay due to IT-Portal Technical glitches

ITAT Delhi held that payments for project-specific bridge design services cannot be taxed in India as “royalty” under the Act or the India-UAE DTAA.

Big Win for UAE Assessee: ITAT Holds Design Fees Not Taxable as "Royalty" Under India-UAE DTAA

Circulars

The CBDT clarified that only the jurisdictional Principal Commissioner/Commissioner can condone delays in filing Form 10A under Section 12A.

Income Tax clarification on Authority to Condone Delay in Filing Form 10A under Section 12A

HC quashes Section 179 order for failure to determine company status and violation of natural justice.

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Kokuyo Camlin Receives Rs 162.97 Crore Income Tax Demand

Government Steps Up Efforts To Track Hidden Foreign Income

Income Tax: No Penalty for delay due to IT-Portal Technical glitches

Big Win for UAE Assessee: ITAT Holds Design Fees Not Taxable as "Royalty" Under India-UAE DTAA

Income Tax clarification on Authority to Condone Delay in Filing Form 10A under Section 12A

HC: Section 179 Action Quashed for No Hearing on Company Status