Concessional corporate tax option under section 115BAA survives procedural documentary lapses when statutory compliance and earlier exercise are estab...
Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
CBDT extends the due date for filing Income Tax Returns for non-audited cases for AY 2025-26 from 31st July, 2025 to 15th September, 2025, exercising powers under Section 119 of the Income-tax Act, 1961. The extension applies specifically to assessees under clause (c) of Explanation 2 to sub-section (1) of section 139, providing additional time for taxpayers to comply with statutory filing requirements without incurring penalties.
CBDT extends the due date for filing Income Tax Returns for non-audited cases for AY 2025-26 from 31st July, 2025 to 15th September, 2025, exercising powers under Section 119 of the Income-tax Act, 1961. The extension applies specifically to assessees under clause (c) of Explanation 2 to sub-section (1) of section 139, providing additional time for taxpayers to comply with statutory filing requirements without incurring penalties.
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