Articles

Income tax information explains filing deadlines, penalties, and compliance rules, along with the transition to the Income Tax Act, 2025 and the importance of timely return filing.

Overview of Income Tax Rules, Deadlines, Penalties, and New Law Transition for FY 2025-26

News

Entertainment Network (India) Limited discloses to the stock exchange about an appeal filed against an income tax assessment order, imposing a demand of Rs 113.20 crore on the company.

Entertainment Network India Challenges Rs 113.20 Crore Income Tax Assessment Order Before CIT(A)

Judgement

The Bombay High Court rules that high profit margins alone cannot justify invoking Section 80-IA(10), restoring the Section 10B deduction for EOU.

Section 10B Benefit Restored; High Profit Allegation Not Sustainable: HC

Understand the capital gains tax in India from basic concepts to advanced exemptions

A Complete Guide to Capital Gains Tax in India

The ITAT Ahmedabad rules a penalty under Section 271(1)(c) cannot be levied on estimated income or loose papers without corroborative evidence.

No Concealment Without Evidence; ITAT Deletes Penalty

The ITAT Ahmedabad rules state prior losses cannot be set off before the initial assessment year under Section 80-IA; capital subsidies are held non-taxable.

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Overview of Income Tax Rules, Deadlines, Penalties, and New Law Transition for FY 2025-26

Entertainment Network India Challenges Rs 113.20 Crore Income Tax Assessment Order Before CIT(A)

Section 10B Benefit Restored; High Profit Allegation Not Sustainable: HC

A Complete Guide to Capital Gains Tax in India

No Concealment Without Evidence; ITAT Deletes Penalty

ITAT Sends Back 80-IA Issue; Capital Subsidy Treated as Non-Taxable