Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
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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