Income Tax News
Finance Ministry Invites Industry Suggestions on Tax Rate Changes and Compliance Ease for Union Budget 2026-27
31 October 2025 at 06:39The Finance Ministry has invited industry suggestions on tax rate changes, duty structure revisions, and compliance simplification for Union Budget 2026-27. Proposals must be submitted by November 10, 2025.
Fake Income Tax Officer Nabbed: 12th-Pass Man Duped 35 Aspirants with False Job Promises
30 October 2025 at 06:58Gujarat Police arrested Aman Kumar, a Jharkhand-based fraudster, for posing as an Income Tax officer and duping 35 people of crores through fake job offers.
Bombay High Court Quashes Income Tax Assessment Based on AI-Generated Case Laws
30 October 2025 at 06:58The Bombay High Court has set aside an income tax assessment after finding that the Assessing Officer relied on fictitious, AI-generated case laws.
CBDT Extends ITR and Audit Report Due Dates for AY 2025-26
29 October 2025 at 19:10CBDT 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.
Punjab & Haryana High Court Warns CBDT of Contempt for Delay in Extending ITR Deadline for Audited Cases
29 October 2025 at 09:22The 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.
CBDT Empowers Commissioner, CPC Bengaluru to Rectify and Issue Demands for Certain Income Tax Cases
28 October 2025 at 09:25CBDT notifies powers for CPC Bengaluru to rectify errors under Section 154 and issue tax demand notices under Section 156 for CPC-processed cases.
CBDT Launches Updated Search and Seizure Manual 2025 with Focus on Digital Evidence and Data Security
28 October 2025 at 06:38CBDT issues Search and Seizure Manual 2025, modernizing tax investigation with digital evidence handling, data protection, and inter-agency coordination.
CBDT APA Annual Report 2024-25: Unprecedented Growth in Unilateral & Bilateral Agreements
23 October 2025 at 06:14CBDT'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
CBDT Issues Directions on Verification of Expenses in the Entertainment Sector Following C&AG Audit Report
23 October 2025 at 06:14CBDT 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.
CBDT Sets New Record: 174 APAs Signed in FY25
20 October 2025 at 07:16The CBDT has signed a record 174 Advance Pricing Agreements (APAs) in FY25 - the highest ever including 65 Bilateral APAs and one Multilateral APA.
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