News

The government clarifies that only the jurisdictional Assessing Officer, and not NaFAC, will handle pre-reassessment proceedings under Sections 148 and 148A.

Who Has Jurisdiction in Reassessment? Govt Clarifies AO and NaFAC Roles under Sections 148 and 148A

Articles

The Finance Minister has proposed clarification on the computation of the sixty-days time limit under section 92cA(3A)

Budget 2026: Clarification on Computation of Sixty-Day Period under Section 92CA(3A)

Trump and Modi announce a major US-India trade deal featuring tariff cuts, increased energy purchases, and expanded exports, aimed at economic growth and strategic cooperation.

Historic US-India Trade Deal: Trump and Modi Promise Zero Tariffs and Massive Purchases

The tax assessments will no longer be invalid due to any mistake, defect, or omission of quoting a computer-generated DIN.

Tax Assessment Cannot be Held Invalid Over Minor DIN Errors or Omission: Budget 2026

Judgement

Transfer pricing, Corporate guarantee, R&D deduction, Section 35(2AB), DSIR approval, Rule 10CA, Consistency principle

ITAT Ahmedabad deletes major TP additions, limits R&D deduction to DSIR approval

Nirmala Sitharaman proposed amendment to rationalise certain terms for treasury centres in IFSC

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Who Has Jurisdiction in Reassessment? Govt Clarifies AO and NaFAC Roles under Sections 148 and 148A

Budget 2026: Clarification on Computation of Sixty-Day Period under Section 92CA(3A)

Historic US-India Trade Deal: Trump and Modi Promise Zero Tariffs and Massive Purchases

Tax Assessment Cannot be Held Invalid Over Minor DIN Errors or Omission: Budget 2026

ITAT Ahmedabad deletes major TP additions, limits R&D deduction to DSIR approval

Budget 2026: FM Proposes to Simplify Dividend Provisions for IFSC Treasury Centres