![CBDT expands IFSC Benefits to FPIs and OTC Derivatives under Income Tax Rules [Read Notification]](https://images.taxscan.in/h-upload/2025/07/30/500x300_2070837-cbdt-ifsc-taxscan.webp "CBDT expands IFSC Benefits to FPIs and OTC Derivatives under Income Tax Rules [Read Notification]")
CBDT expands IFSC Benefits to FPIs and OTC Derivatives under Income Tax Rules [Read Notification]
The Central Board of Direct Taxes (CBDT) issued Notification No. 126/2025, dated July 28, 2025, amending the Income-tax Rules, 1962. The changes are...
![Assessee Denied Minimum time of 7 Days to Respond to Income Tax SCN: Telangana HC Quashes Assessment for Violating CBDT SOP [Read Order]](https://images.taxscan.in/h-upload/2025/07/26/250x150_2069304-scn-income-tax-taxscan.webp "Assessee Denied Minimum time of 7 Days to Respond to Income Tax SCN: Telangana HC Quashes Assessment for Violating CBDT SOP [Read Order]")
Nitin Gupta IRS Appointed Chairperson of NFRA: New Executive Body Headed by CBDT, Finance Ministry and Income Tax Dept. Veteran
A civil servant who has undertaken principal positions across various governmental bodies, Gupta previously served as the Chairman of the Central Board of Direct Taxes (CBDT) from June 2022 to June...
S. 151A Makes Faceless Assessment Applicable from SCN Stage u/s S. 148 & S. 148A: P&H HC Affirms NFAC’s Exclusive Authority [Read Order]
The Punjab and Haryana High Court has once again confirmed that reassessment proceedings under Section 148 and 148A of Income tax act, 1961 must strictly comply with the faceless framework mandated...
![S. 151A Makes Faceless Assessment Applicable from SCN Stage u/s S. 148 & S. 148A: P&H HC Affirms NFAC’s Exclusive Authority [Read Order]](https://images.taxscan.in/h-upload/2025/07/21/500x300_2067094-nfac-hc-taxscan.webp "S. 151A Makes Faceless Assessment Applicable from SCN Stage u/s S. 148 & S. 148A: P&H HC Affirms NFAC’s Exclusive Authority [Read Order]")
CBDT notifies Income Tax Exemption for AP Pollution Control Board on Select Revenue Streams [Read Notification]
The Ministry of Finance (Department of Revenue) issued Notification No. 119/2025 dated July 18, 2025, through the Central Board of Direct Taxes (CBDT), granting income tax exemption on certain...
![CBDT notifies Income Tax Exemption for AP Pollution Control Board on Select Revenue Streams [Read Notification]](https://images.taxscan.in/h-upload/2025/07/19/500x300_2065667-cbdt-income-tax-exemption-tax-exemption-taxscan.webp "CBDT notifies Income Tax Exemption for AP Pollution Control Board on Select Revenue Streams [Read Notification]")
CBDT Notifies Income Tax Exemption for New Okhla Industrial Development Authority [Read Notification]
The Ministry of Finance issued Notification No. 116/2025 dated 17 July 2025, granting income tax exemption to the New Okhla Industrial Development Authority (NOIDA) under Section 10(46A)(b) of the...
![CBDT Notifies Income Tax Exemption for New Okhla Industrial Development Authority [Read Notification]](https://images.taxscan.in/h-upload/2025/07/18/500x300_2065003-income-tax-cbdt-noida-taxscan.webp "CBDT Notifies Income Tax Exemption for New Okhla Industrial Development Authority [Read Notification]")
![CBDT Grants Income Tax Exemption to Baddi Barotiwala Nalagarh Development Authority [Read Notification]](https://images.taxscan.in/h-upload/2025/07/15/500x300_2064134-income-tax-exemption-development-authority-income-tax-taxscan.webp "CBDT Grants Income Tax Exemption to Baddi Barotiwala Nalagarh Development Authority [Read Notification]")