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 Central Government amended Notification No. 44/2017 through Notification No. 70/2025 dated July 1, 2025, exercising powers under section 48 of the Income-tax Act, 1961. The amendment inserts a new entry in the Cost Inflation Index table, establishing the index value of 376 for Financial Year 2025-26. This notification becomes effective from April 1, 2026, and applies to Assessment Year 2026-27 and subsequent years. The Cost Inflation Index is utilized for computing long-term capital gains under the Income-tax Act, providing taxpayers with the prescribed indexation factor for adjusting acquisition costs of capital assets to account for inflation during the relevant assessment periods.
The Central Government amended Notification No. 44/2017 through Notification No. 70/2025 dated July 1, 2025, exercising powers under section 48 of the Income-tax Act, 1961. The amendment inserts a new entry in the Cost Inflation Index table, establishing the index value of 376 for Financial Year 2025-26. This notification becomes effective from April 1, 2026, and applies to Assessment Year 2026-27 and subsequent years. The Cost Inflation Index is utilized for computing long-term capital gains under the Income-tax Act, providing taxpayers with the prescribed indexation factor for adjusting acquisition costs of capital assets to account for inflation during the relevant assessment periods.
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