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...
The CBDT issued a notification amending the Income-tax Rules, 1962, introducing the Income-tax (Seventeenth Amendment) Rules, 2025, effective retrospectively from 1st April, 2025. The amendment specifically modifies Appendix II, substituting FORM ITR-V with a new version. The notification, issued under sections 139 and 295 of the Income-tax Act, 1961, includes an explanatory memorandum certifying that no taxpayer will be adversely impacted by the retrospective implementation. The amendment was officially published by the tax policy and legislation under secretary, with formal legal authorization from the Ministry of Finance.
The CBDT issued a notification amending the Income-tax Rules, 1962, introducing the Income-tax (Seventeenth Amendment) Rules, 2025, effective retrospectively from 1st April, 2025. The amendment specifically modifies Appendix II, substituting FORM ITR-V with a new version. The notification, issued under sections 139 and 295 of the Income-tax Act, 1961, includes an explanatory memorandum certifying that no taxpayer will be adversely impacted by the retrospective implementation. The amendment was officially published by the tax policy and legislation under secretary, with formal legal authorization from the Ministry of Finance.
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