Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
CBDT has issued Notification No. 43/2025 amending the Income-tax Rules, 1962, specifically notifying the ITR-2 Form for Assessment Year 2025-26. The amendment, effective from 1st April 2025, substitutes the existing Form ITR-2 in Appendix-II of the Income-tax Rules. The notification, issued under sections 139 and 295 of the Income-tax Act, 1961, was signed by the Under Secretary of Tax Policy and Legislation, with an explanatory memorandum certifying no adverse impact on taxpayers from the retrospective implementation.
CBDT has issued Notification No. 43/2025 amending the Income-tax Rules, 1962, specifically notifying the ITR-2 Form for Assessment Year 2025-26. The amendment, effective from 1st April 2025, substitutes the existing Form ITR-2 in Appendix-II of the Income-tax Rules. The notification, issued under sections 139 and 295 of the Income-tax Act, 1961, was signed by the Under Secretary of Tax Policy and Legislation, with an explanatory memorandum certifying no adverse impact on taxpayers from the retrospective implementation.
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