Judgement

Income Tax Tribunal finds Chartered Accountant’s DCF valuation unsupportive and unrealistic; NAV-based valuation adopted by AO sustained

DCF valuation certificate by Chartered Accountant held wrong and defective by ITAT: ICAI Technical Guide on Share Valuation not considered

Notifications

CBDT has notified the Capital Gains Accounts (Second Amendment) Scheme, 2025, adding Section 54GA to the existing provisions of the 1988 scheme.

CBDT notifies revised Capital Gains Account Scheme with Major Changes

Court denies special oil-sector deductions and upholds reassessment since the issue was never examined in original scrutiny

Gujarat HC: No Section 42 Deduction for GSPC; Reopening of Assessment Held Valid

Articles

CBDT released an updated operational handbook to assist officers in planning, conducting, and supervising search and seizure actions.

Download Income Tax Search and Seizure Manual 2025

The Income Tax Department is doing a detailed analysis of the fake deductions claimed in some cases, which may delay the release of refunds.

Income Tax Department Checking for Fake Claims, Refunds to be Issued by December: CBDT Chairman

The Central Government authorises all branches of nineteen banks (except for rural branches) to receive deposits and maintain accounts under the Capital Gains Account Scheme, 1988.

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DCF valuation certificate by Chartered Accountant held wrong and defective by ITAT: ICAI Technical Guide on Share Valuation not considered

CBDT notifies revised Capital Gains Account Scheme with Major Changes

Gujarat HC: No Section 42 Deduction for GSPC; Reopening of Assessment Held Valid

Download Income Tax Search and Seizure Manual 2025

Income Tax Department Checking for Fake Claims, Refunds to be Issued by December: CBDT Chairman

Income Tax Breaking: FM approves 19 More Banks for giving Benefit of Capital Gains Account Scheme