Updates Latest Circulars, Notifications, etc. More... Notification No. 9/2025/ F.No.370142/18/2024-TPL - By the powers conferred by section 295 read with the sub-section (1) of section-44BBC of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962. Dated: 20-Jan-2025 Notification No. 8/2025/ F. No. 370153/01/2025-TPL - Notification regarding implementation of removal of difficulty order arisen regarding the Direct Tax Vivad Se Vishwas Scheme, 2024 was introduced vide the Finance (No.2) Act, 2024 (15 of 2024). Dated: 20-Jan-2025 Notification No. 7/2025/ F. No. 203/20/2024/ITA-II - By the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income Tax Act, 1961 read with Rules 5C and 5D of the Income Tax Rules, 1962 hereby approves Central Power Research Institute (CPRI) (PAN: AAAAC0268P), Bengaluru under the category Income Tax Act, 1961 and the Income Tax Rules, 1962. Dated: 14-Jan-2025 Notification No. 6/2025/F. No. 275/108/2024-IT(B) - Section 206C(1H)—Unit of International Financial Services Centre not to be Considered as Buyer for the Purposes of Section 206C(1H) Dated: 06-Jan-2025 Notification No. 5/2025/F. No. 300196/37/2019-ITA-I - Section 10(46)—Exemption to Specified Income of Notified Body/Authority/ Board/ Trusts/Community—Karnataka State Horticulture Development Agency Dated: 03-Jan-2025 Notification No. 4/2025 F.No. 196/1/2023-ITA-I - Section 10(46)—Exemption to Specified Income of Notified Body/Authority/ Board/ Trusts/Community—Rabindra Setu, Kolkata Dated: 03-Jan-2025 Notification No. 3/2025/F.No. 275/109/2024-IT(B) - Section 197A(1F)—Exemption from TDS under section 194Q for Purchase of Goods from a Unit of International Financial Services Centre Dated: 02-Jan-2025 Notification No. 2/2025/F.No. 275/110/2024-IT(B) - Section 197A(1F)—Exemption from TDS on Payments Received by a Credit Guarantee Fund Established and Wholly Financed by the Central Government and Managed by the National Credit Guarantee Trustee Company Limited Dated: 02-Jan-2025 Latest Articles More... Capital Gains Premature Redemption of Section 54EC Bonds—Whether Permissible CA. Nisha Bhandari International Transaction Tolerance Range for Transfer Pricing—As Notified by the CBDT for Assessment Year 2024-25 CS. Ayush Rathi Penalty Misreporting or Under Reporting of Income has to be Clearly Mentioned in the Penalty Notice Issued Under Section 274 r/w Section 270A Akhilesh Kumar Sah Deductions Interest on Debentures Payable to 'LIC Mutual Fund'—Applicability of Section 43B CS. Preeti Satyani Scope of Books of Accounts Recording of Satisfaction for Invocation of Rule 8D—Financial Statements v. Books of Accounts CS. Ayush Rathi DTAA MFN Revocation by Swiss Govt./Tax Authorities Srivatsan Ranganathan Charitable trusts Income Subject to Application Under Section 11 Not Eligible for Any Deduction Available Under Different Heads of Income CA. Nisha Bhandari Capital Gains Tax Planning—Gift Residential Building(s) to Wife and Children Before Accrual of Long-Term Capital Gain from Other Assets for Availing Exemption Under Section 54F V.K. Subramani Income Tax View all Ahmedabad Engineering Manufactures Association v. CIT(E) Section : 12AB 2(15) 12AA Ahd-Trib -- 16 Jan 2025 Assessee Appeal DismissedITA No. 1660/Ahd/20242025 TaxPub(DT) 493 (Ahd-Trib) Somnath Bandopadhaya v. ITO Section : 144C 148 147 144C(13) 69A 285BA(1) 115BBE 116BBE 234-A 234-B 234-F Ahd-Trib -- 16 Jan 2025 Assessee Appeal Partly AllowedITA No. 458/Ahd/20242025 TaxPub(DT) 491 (Ahd-Trib) Priya Blue Industries (P) Ltd. v. Dy. CIT Section : 153A 271BA 143(3) 92E 273B 250 40A(2)(b) 132 142(1) Ahd-Trib -- 16 Jan 2025 Assessee Appeal AllowedITA No. 75/Ahd/20242025 TaxPub(DT) 488 (Ahd-Trib) Dosti Realty Ltd. v. Dy. CIT Section : 154 143(3) 14A 147 Mum-Trib -- 16 Jan 2025 Appeal AllowedITA No. 6021/Mum/20242025 TaxPub(DT) 482 (Mum-Trib) Silver Oak Buildcon (P) Ltd. v. ACIT Section : 143(1) 143(2) 43B 36(1)(va) 2(24)(x) 270A 274 14A 40A(7) 270AA 270A(9) 43CA 56(2)(x) 44AB Pune-Trib -- 15 Jan 2025 Assessee Appeal AllowedITA No. 2589/PUN/20242025 TaxPub(DT) 490 (Pune-Trib) Ranjitsinh Narsinh Vaghela v. ITO Section : 144 147 148 10(37) 56 57(iv) Ahd-Trib -- 15 Jan 2025 Assessee Appeal Partly AllowedITA No. 451/Ahd/20242025 TaxPub(DT) 489 (Ahd-Trib)