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DTAA Rate vs. Section 206AA – Whether 206AA Overrides a Treaty Rate When Non-Resident Has No PAN
DTAA Rate
vs. Section 206AA – Whether 206AA Overrides a Treaty Rate When Non-Resident Has
No PAN ?(Delhi High Court: CIT (Intl. Tax)-1 v. Air India Ltd., [2023] 456 ITR
117)** Core Issue: Whether
in the ...
Scope of Total Income [Section 5]
Scope of Total Income [Section 5]The Scope of Total Income is defined by the residential
status of a taxpayer. Based on whether an individual or entity is a resident,
RNOR, or non-resident, different types of income wi...
Validity of Reassessment Notices under Section 148: Whether Jurisdiction Lies with JAO or FAO?
Validity of Reassessment Notices under Section 148:
Whether Jurisdiction Lies with JAO or FAO?Delhi High Court
Judgment:-Inder Dev Gupta & Others v. ACIT, Central Circle-2, Delhi-Judgment
dated 21 November 2025, D...
Penalty for Non-Disclosure of Foreign Assets
Penalty
for Non-Disclosure of Foreign Assets: Whether Technical Non-Compliance Warrants
Penal Consequences?The Hon’ble Bombay High Court in Pr. Commissioner of Income
Tax (Central)-3 v. Shrem Alloys Pvt. Ltd., Incom...
Section 145B : Taxability of certain income
Section
145B : Taxability of certain income Section 145B : Taxability of certain incomeSection 145B of the Income Tax Act, 1961 has been inserted in
the Income-tax Act to provide that—(1) Intere...
Addition on Cash Deposited
Cash Deposits—Source Explained by Prior Withdrawals — Mere Time Gap Not Sufficient for AdditionITAT Ahmedabad: Bhikhabhai Mangalbhai Patel v. ITO- ITA No. 1743/Ahd/2025 | Order dated 13.11.2025 | AY 2017-18**The asse...
Penalty u/s 271DA – Requirement of Recording Satisfaction for Violation of Section 269ST – ITAT Delhi Dismisses Revenue’s Appeal
Penalty u/s 271DA – Requirement of Recording Satisfaction for Violation of Section 269ST – ITAT Delhi Dismisses Revenue’s Appeal(ACIT v. Seven Seas Hospitality Pvt. Ltd., ITA Nos. 2225 & 2226/Del/2025, dated 14...
The Central Government hereby makes the following rules further to amend the Companies (Meetings of Board and its Powers) Rules, 2014,
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 3rd November, 2025
G.S.R. 811(E).––– In
exercise of the powers conferred by sections 173, 177, 178 and 186 read with
section 469 of the Com...
Supreme Court Clarification on Eligibility of Chartered Accountants for ITAT Membership
Supreme Court has clarified that Chartered Accountants are eligible for appointment as Technical Members of the Income Tax Appellate Tribunal (ITAT) without the previously prescribed requirement of 25 years of experience...
Time limit for completion of Block Assessment of Search cases [Section 158BE of the Income Tax Act, 1961]
Time limit for completion of Block Assessment of
Search cases [Section 158BE of the Income Tax Act, 1961]Section 158BE of the Income tax Act, 1961 provides the
time-limit for completion of block assessment as 12 months...