Search and Seizure under the
Income-tax Act, 2025 – Legal FrameworkIntroductionSections 247 to 259 of the
Income-tax Act, 2025 contain the provisions relating to search, seizure,
requisition, retention and applicati...
Books of Account Go Digital:
New Income-tax Act Recognises Cloud Storage but Imposes Data Localisation
Requirements A Significant Expansion in the
Definition of Books of Account The Income-tax Act, 2025 has
...
Key Takeaways from the Ruling1. Remand Reports Cannot Be IgnoredThe ruling conveys a clear and unequivocal message that Assessing Officers cannot disregard requests for remand reports made by appellate authorities. Proce...
Key Takeaways from the OECD Consultation Draft on Intra-Group ServicesThe OECD’s proposed revisions to Chapter VII of the Transfer Pricing Guidelines represent an important development for multinational enterprises, ev...
Legal Position of Unabsorbed
Depreciation under the Income Tax Act, 2025 – A Paradigm Shift in Indian Tax
Law?
IntroductionThe treatment of unabsorbed
depreciation has historically been one of the most taxpayer-f...
CBDT Notifies Mandatory
Scrutiny Cases for FY 2026-27: Key Categories Every Taxpayer and Professional
Should KnowThe Central Board of Direct Taxes
(CBDT), vide Circular No. F.No.225/56/2026/ITA-II, has prescribed the
...
Income-tax (Amendment) Ordinance, 2026: Major Tax Relief
for Foreign Investors in Indian Government SecuritiesIntroductionIn a significant move aimed at enhancing India's
attractiveness as a global investment destinati...
CBDT e-Filing – ITR-2
Validation Rules (AY 2026-27)
(For income earned during FY 2025-26)Version 1.0 | Dated: 26 May
2026ImportantValidation failures are treated as
Category A Errors. If any such error exists, ITR-...
Facts of the CaseThe petitioners, a partnership firm engaged in
jewellery business and one of its partners, challenged the orders passed by the
Chief Commissioner of Income Tax rejecting their application for waiver of...