Income Tax News

Bombay High Court Quashes Income Tax Assessment Based on AI-Generated Case Laws

30 October 2025 at 06:58

The Bombay High Court has set aside an income tax assessment after finding that the Assessing Officer relied on fictitious, AI-generated case laws.

Posted in Income Tax | 2520 Views

CBDT Extends ITR and Audit Report Due Dates for AY 2025-26

29 October 2025 at 19:10

CBDT has extended the due date for filing Income Tax Returns for AY 2025-26 to December 10, 2025, and the audit report submission date to November 10, 2025.

Posted in Income Tax | 9795 Views

Punjab & Haryana High Court Warns CBDT of Contempt for Delay in Extending ITR Deadline for Audited Cases

29 October 2025 at 09:22

The Punjab & Haryana HC has warned the CBDT of contempt proceedings for failing to extend the ITR filing deadline for audited assessees as directed by the Gujarat HC.

Posted in Income Tax | 10701 Views

CBDT Empowers Commissioner, CPC Bengaluru to Rectify and Issue Demands for Certain Income Tax Cases

28 October 2025 at 09:25

CBDT notifies powers for CPC Bengaluru to rectify errors under Section 154 and issue tax demand notices under Section 156 for CPC-processed cases.

Posted in Income Tax | 14013 Views

CBDT Launches Updated Search and Seizure Manual 2025 with Focus on Digital Evidence and Data Security

28 October 2025 at 06:38

CBDT issues Search and Seizure Manual 2025, modernizing tax investigation with digital evidence handling, data protection, and inter-agency coordination.

Posted in Income Tax | 2385 Views

CBDT APA Annual Report 2024-25: Unprecedented Growth in Unilateral & Bilateral Agreements

23 October 2025 at 06:14

CBDT's APA Annual Report 2024-25 records a surge in Advance Pricing Agreements, offering tax certainty for multinational enterprises and strengthening India's ease of doing business

Posted in Income Tax | 1350 Views

CBDT Issues Directions on Verification of Expenses in the Entertainment Sector Following C&AG Audit Report

23 October 2025 at 06:14

CBDT issues fresh directions following C&AG's Performance Audit Report on the entertainment sector, instructing tax officers to ensure uniform assessment of pre-operative and film production expenses under Rules 9A and 9B of the Income-tax Rules, 1962.

Posted in Income Tax | 2538 Views

CBDT Sets New Record: 174 APAs Signed in FY25

20 October 2025 at 07:16

The CBDT has signed a record 174 Advance Pricing Agreements (APAs) in FY25 - the highest ever including 65 Bilateral APAs and one Multilateral APA.

Posted in Income Tax | 1764 Views

All Rules Under New Income Tax Law to be Notified by 31st December 2025

20 October 2025 at 07:16

The government plans to notify all rules under the new income tax law by December 31, 2025, through a single consolidated notification.

Posted in Income Tax | 2361 Views

Excel Utilities for ITR-1 to 7 for AY 2023-24 Released as per Finance Act, 2025

18 October 2025 at 07:15

Income Tax Dept releases Excel Utilities for filing Updated Returns (ITR-1 to 7) for AY 2023-24 as per Finance Act, 2025. Download from e-Filing portal.

Posted in Income Tax | 174 Views