News

The taxpayers will no longer get the tax benefit on both the dividend and mutual fund income.

Budget 2026: No More Interest Expenditure Deduction on Dividend and Mutual Fund Income

Sections 153 and 153B apply only up to the draft order stage, and once the assessment is finalised, the time limit will be governed only by Section 144C.

Government Clarifies Time Limit for Completing Assessments Under Section 144C

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 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

Proposed tax changes will exempt the foreign income of eligible non-residents visiting India for the first time to work on government-notified schemes from April 2026.

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Budget 2026: No More Interest Expenditure Deduction on Dividend and Mutual Fund Income

Government Clarifies Time Limit for Completing Assessments Under Section 144C

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

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

Big Relief for NRIs: Foreign Income to Remain Tax-Free When Working on Govt Schemes from 2026