Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
The tax authority, invoking its powers under Section 119 of the Income-tax Act, 1961, has extended filing deadlines for Assessment Year 2025-26: the due date for specified assessees under Explanation 2(a) to sub-section (1) of section 139 to furnish Income Tax Returns for FY 2024-25 is moved from 31 October 2025 to 10 December 2025, and consequently the due date for furnishing the audit report under the Explanation to section 44AB for FY 2024-25 is extended to 10 November 2025.
The tax authority, invoking its powers under Section 119 of the Income-tax Act, 1961, has extended filing deadlines for Assessment Year 2025-26: the due date for specified assessees under Explanation 2(a) to sub-section (1) of section 139 to furnish Income Tax Returns for FY 2024-25 is moved from 31 October 2025 to 10 December 2025, and consequently the due date for furnishing the audit report under the Explanation to section 44AB for FY 2024-25 is extended to 10 November 2025.
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