![Assessments and Time Limits under Income Tax Act [New v/s Old Tax Act Series]](https://images.taxscan.in/h-upload/2025/12/29/2115718-assessments-time-limits-under-income-tax-act-taxscan.webp "Assessments and Time Limits under Income Tax Act [New v/s Old Tax Act Series]")
Assessments and Time Limits under Income Tax Act [New v/s Old Tax Act Series]
The Income Tax Act of 2025 marks a legislative milestone of India's direct tax framework, replacing a six decade old income tax act of 1961. While...
![ITAT Quashes Assessment Over Contradictory Search Details and Non-Application of Mind, Invalidates Reassessment Proceedings [Read Order]](https://images.taxscan.in/h-upload/2025/12/29/2115552-itat-quashes-assessment-over-contradictory-search-details-taxscan.webp "ITAT Quashes Assessment Over Contradictory Search Details and Non-Application of Mind, Invalidates Reassessment Proceedings [Read Order]")
![Special Allowances - Exemptions and Taxability Under Income Tax Act [Old vs New Tax Act Series]](https://images.taxscan.in/h-upload/2025/12/27/2115348-income-tax-act-2025.webp "Special Allowances - Exemptions and Taxability Under Income Tax Act [Old vs New Tax Act Series]")
![Recovery Beyond 20% of Disputed IT Demand Held Unfair During Appeal Stage: Calcutta HC Orders Refund [Read Order]](https://images.taxscan.in/h-upload/2025/12/20/2113458-calcutta-hc-vat-refund-taxscan.webp "Recovery Beyond 20% of Disputed IT Demand Held Unfair During Appeal Stage: Calcutta HC Orders Refund [Read Order]")
![Depreciation on Genuine Fixed Assets Cannot be Disallowed Merely for Alleged Source Deficiency: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/12/20/2113358-depreciation-on-genuine-fixed-assets-cannot-be-disallowed-merely-itat-taxscan.webp "Depreciation on Genuine Fixed Assets Cannot be Disallowed Merely for Alleged Source Deficiency: ITAT [Read Order]")
Consolidating the ‘Opportunity of Being Heard’ in Penalty Proceedings u/s 471 of Income Tax Act, 2025 [Old vs New Tax Act Series- Article 2]
The Income Tax Act, 2025 is a landmark legislation, repealing the erstwhile IncomeTax Act of 1961 which has been in force for more than 6 decades. To accommodate the changing ways of the world and...
![Consolidating the ‘Opportunity of Being Heard’ in Penalty Proceedings u/s 471 of Income Tax Act, 2025 [Old vs New Tax Act Series- Article 2]](https://images.taxscan.in/h-upload/2025/12/18/2113016-consolidating-income-tax-act-2025-old-new-tax-act-series-taxscan.webp "Consolidating the ‘Opportunity of Being Heard’ in Penalty Proceedings u/s 471 of Income Tax Act, 2025 [Old vs New Tax Act Series- Article 2]")
![Annual Tax & Corporate Law Digest 2025: Complete High Court Cases [Part III]](https://images.taxscan.in/h-upload/2025/12/16/2112530-annual-tax-corporate-law-digest-2025-complete-high-court-cases-part-iii-taxscan.webp "Annual Tax & Corporate Law Digest 2025: Complete High Court Cases [Part III]")
Non-Resident Individual Tax Guide for AY 2025-26: Understanding Residential Status, Tax Regimes, and Available Deductions
The taxation landscape for Non-Resident Individuals (NRIs) in India is governed by specific provisions of the Income Tax Act, 1961, which differentiate their tax obligations from those of resident...
Calcutta HC Rejects S.68 Appeal as Tax Effect Falls Below ₹2 Crore Limit Under Circular No. 9/2024 [Read Order]
The Calcutta High Court declined to entertain a revenue appeal challenging the deletion of an addition made under Section 68 of the Income Tax Act, 1961, holding that the tax effect involved was...
![Calcutta HC Rejects S.68 Appeal as Tax Effect Falls Below ₹2 Crore Limit Under Circular No. 9/2024 [Read Order]](https://images.taxscan.in/h-upload/2025/12/06/2110545-appeal-tax-effect-falls-below-crore-limit-taxscan.webp "Calcutta HC Rejects S.68 Appeal as Tax Effect Falls Below ₹2 Crore Limit Under Circular No. 9/2024 [Read Order]")
ICAI Exam Update: New Income Tax Act will be Included in CA Intermediate, Final and Self-Paced Exams, Know Complete Details
The Institute of Chartered Accountants of India ( ICAI ), through its Board of Studies (Academic), has officially announced that the Income-tax Act, 2025 will be applicable for CA examinations from...
Ministry Reports Comprehensive Tax Concessions for Cooperatives: MAT Cut to 15%, Manufacturing Rate Slashed, TDS Threshold Tripled
The Ministry of Cooperation has disclosed a ten point tax reliefs for cooperative societies, including a reduction in Minimum Alternate Tax (MAT) from 18.5% to 15%, a flat 15% tax rate for new...
