Judgement

ITAT holds advertising and promotional expenses incurred on dealers and third parties do not constitute “fringe benefits” to employees.

No FBT on Dealer-Oriented Sales Promotion Spend; ITAT Deletes Addition

The Tribunal ruled in favour of the assessee company, holding that once the genuineness of the transaction had been accepted in earlier years, the interest expenses cannot be disallowed in the current year.

Interest Expenses Cannot Be Disallowed in Current Year If Genuineness Is Accepted in Previous Years: ITAT

Notifications

CBDT approves Sikshya O Anusandhan for tax benefits on scientific research under Section 35 of the Income Tax Act

CBDT Notifies Approval of Sikshya O Anusandhan for Scientific Research Under Section 35

The Central Government, using its power under clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), has granted income tax exemption to the State Legal Service Authority Union Territory, Chandigarh.

CBDT Notifies Tax Exemption to State Legal Service Authority Union Territory, Chandigarh

News

The Income Income Tax Act, 1961, new Act focuses on introducing a simple, modern and taxpayer-friendly framework.

Income Tax Act, 2025: What Are the New Income Tax Rules Effective from April 1, 2026?

Articles

ICAI recommends government to extend deadlines for belated and revised income tax returns to give taxpayers more time to correct errors.

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No FBT on Dealer-Oriented Sales Promotion Spend; ITAT Deletes Addition

Interest Expenses Cannot Be Disallowed in Current Year If Genuineness Is Accepted in Previous Years: ITAT

CBDT Notifies Approval of Sikshya O Anusandhan for Scientific Research Under Section 35

CBDT Notifies Tax Exemption to State Legal Service Authority Union Territory, Chandigarh

Income Tax Act, 2025: What Are the New Income Tax Rules Effective from April 1, 2026?

ICAI Suggests Extended Time for Filing Belated and Revised ITRs in Pre-Budget 2026 Memorandum