Updates Union Budget 2025 Highlights Finance Bill, 2025 Finance Minister's Speech Key to Budget Document, 2025 Budget Highlights (Key Features) Implementation of Budget Announcements 2024-2025 CBDT RELEASES FAQs Budget 2025-26 Union Budget 2025-26--Corporate Tax Wishlist Latest Notifications More... 15-Dec-2025 : Section- 10(46)- Exemption to specified income of Notified Body/Authority/Board/Trusts/Community 'Punjab Urban Planning And Development Authority', Dated: 15-12-2025 - Notification No. 172 /2025 F. No. 300195/6/2024-ITA-I, dt. 15-12-2025 15-Dec-2025 : Section- 10(46)- Exemption to specified income of Notified Body/Authority/Board/Trusts/Community ' New Okhla Industrial Development Authority', Dated: 15-12-2025 - Notification No. 171 /2025 F. No. 196/83/2024-ITA-I, dt. 15-12-2025 15-Dec-2025 : Section-120 (1)(2) Classification of cases where the Commissioner of Income-tax (Appeals) specified in cloumn (2) of the schedule shall exercise the powers and perform the functions thereof, Dated: 15-12-2025 - Notification No. 170/2025 F.No. 279/Misc./M-110/2025-ITJ, dt. 15-12-2025 Latest Circulars More... 29-Oct-2025 : Extension of Timelines for Filing of Various Reports of Audit and Income Tax Returns (ITRs) for the Assessment Year 2025-26 - Circular No. 15/2025, dtd. 29-10-2025 [F. No. 225/131/2025/ITA-II] 25-Sep-2025 : Extension of Timelines for Filing of Various Reports of Audit for Financial Year 2024-25 (Relevant to Assessment Year 2025-26) by Auditable Assessees - Circular No. 14/2025 F. No. 225/131/2025-ITA-II, dt. 25-09-2025 19-Sep-2025 : Order Under Section 119 of the Income Tax Act, 1961 for Waiver of Interest Payable Under Section 220(2) Due to Late Payment of Demand, in Certain Cases, Reg. - Circular No. 13/2025, dtd. 19-9-2025 [F. No. 275/09/2025-IT(Budget)] Latest Orders, Press Release, etc. More... 13-Dec-2025 : CBDT NUDGEs taxpayers against the claims of bogus deductions through data-driven approach - Press Release, dt. 13-12-2025 27-Nov-2025 : CBDT launches 2nd NUDGE initiative to strengthen voluntary compliance in respect of Foreign Assets - Press Release, dt. 27.11.2025 17-Nov-2025 : CBDT Chairman Shri Ravi Agrawal inaugurates Taxpayers’ Lounge at the India International Trade Fair (IITF), 2025, highlighting taxpayers as partners in nation-building - Press Release, dt. 17.11.2025 Latest Articles More... Corporate Taxation Tax Rate on Long Term Capital Gain in Case of Companies Opting for Lower Tax Regime CA. Nisha Bhandari Income Tax Relief The Continuity Principle in Tax Relief : Section 89A and the Non-Repetitive Nature of Form 10EE CS. Ayush Rathi Income Tax Act, 2025 Copy Paste and Missing The Big Picture—Income Tax Act, 2025 Srivatsan Ranganathan Income Tax Act - PAN When a PAN is Cancelled and Intimated the same to the Department, the Proceedings in respect of Cancelled PAN can be taken upto the Cancellation Date of it in a new PAN Taken by same Assessee Akhilesh Kumar Sah Black Money (UFIA) Act, 2015—Scope of Scope of the Black Money (UFIA) Act, 2015 : Exclusion of Legitimate and Inherited Foreign Assets CS. Ayush Rathi Transfer of Case to Another Jurisdiction Opportunity of Personal Hearing Whether Necessary Before Transfer of Case to Another Jurisdiction CA. Nisha Bhandari Income from Business or Profession Applicability of Section 43CB Vis-a-Vis Real Estate Developer CA. Nisha Bhandari Capital Gains Oral Gifts and Ownership Under Section 54F : A Liberal Interpretation Rooted in Family Custom CS. Ayush Rathi Income Tax View all Himadri Speciality Chemical Limited (Previously known as Himadri Chemical and Industries Ltd.) v. Assistant/Deputy Commissioner of Income Tax, Central Circle 3 (4) & Ors. Section : 148(3) 133(6) 143(3)/147 115JB 143(2) 147 148A(3) 148A(1) 151A 142(1) 40A(3) 68 115BBE 132 147/143(3) 148(1) Cal-HC -- 08 Dec 2025 Petition AllowedWPA 21228 of 20252025 TaxPub(DT) 8610 (Cal-HC) Saumya Chaurasia v. Union of India & Ors. Section : 279(1) 276C 153C 223 246A 69A 153A 127 226(3) 220(6) 222/223 276C(1) 275 276(C)(1) 119 276B 276BB 276CC 276C(l) 132/ 274 271AAB Del-HC -- 08 Dec 2025W.P. (C) 8191/2025 CM APPL. 35871/2025 CM APPL. 64534/20252025 TaxPub(DT) 8608 (Del-HC) Shyam Hasmukhbhai Ruparel, Junagadh v. The ITO, Ward-1, Junagarh Section : 147 144 Rkt-Trib -- 05 Dec 2025 Assessee Appeal AllowedITA No. 694/RJT/20252025 TaxPub(DT) 8575 (Rkt-Trib) Lakhabhai Bachubhai Timbadia, Rajkot v. The ITO, Ward – 2(1)(2), Rajkot Section : 147 144 Rkt-Trib -- 05 Dec 2025 Assessee Appeal AllowedITA No. 685/RJT/20252025 TaxPub(DT) 8574 (Rkt-Trib) Shimoga Urban Development Authority, Shimoga v. The Income Tax Officer, Ward-05, Shimoga Section : 11 2(15) 12AA 119(2)(b) 10(20A) 2(15)) 10(23C) Bang-Trib -- 05 Dec 2025 Appeal AllowedITA Nos. 2118-2120/Bang/20242025 TaxPub(DT) 8573 (Bang-Trib) M/s. Roma Infrastructures India Private Limited, Anantapur v. Income Tax Officer, Ward – 1, Anantapur Section : 69 147 Hyd-Trib -- 05 Dec 2025 Assessee Appeal AllowedITA No. 1392/Hyd/20252025 TaxPub(DT) 8570 (Hyd-Trib)