Budget 2026: ‘No Sweeping Changes Expected’, Bertelsmann India CFO says awaiting Clearer Income Tax Rules
As the Union Budget 2026 approaches, Bertelsmann India Investments CFO Jayesh Bavle said he does not expect major changes in the taxation, and added...
![Interest-Free Funds Presumption: ITAT Deletes ₹28.78 Lakh 14A Interest Disallowance for Co-op Bank [Read Order]](https://images.taxscan.in/h-upload/2025/12/22/250x150_2113736-interest-free-funds-presumption-itat-deletes-interest-disallowance-co-op-bank-taxscan.webp "Interest-Free Funds Presumption: ITAT Deletes ₹28.78 Lakh 14A Interest Disallowance for Co-op Bank [Read Order]")
![Temple Governed by HPPRICE Act Not Required to Furnish Trust Deed for Registration u/s 12A: ITAT Directs Grant of Registration [Read Order]](https://images.taxscan.in/h-upload/2025/10/24/250x150_2099536-temple-governed-hpprice-act-itat-taxscan.webp "Temple Governed by HPPRICE Act Not Required to Furnish Trust Deed for Registration u/s 12A: ITAT Directs Grant of Registration [Read Order]")
![Limitation of Income Tax Rule 68B Not Applicable to Debt Recovery under RDDB Act: Kerala High Court [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/250x150_2099248-limitation-income-tax-rule-68b-applicable-debt-recovery-under-rddb-act-kerala-high-court-taxscan.webp "Limitation of Income Tax Rule 68B Not Applicable to Debt Recovery under RDDB Act: Kerala High Court [Read Order]")
![Book profit to be increased by Expenses debited to P&L w.r.t. exempt income, not Disallowance u/s 14A: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/21/250x150_2078946-disallowance-us-14a-it-act-for-computing-book-profit-us-115jb-act-itat-taxscan.webp "Book profit to be increased by Expenses debited to P&L w.r.t. exempt income, not Disallowance u/s 14A: ITAT [Read Order]")
Income Tax Rules Amendment: CBDT Fixes ₹4 Lakh Salary and ₹8 Lakh Gross Income Thresholds [Read Notification]
The Central Board of Direct Taxes (CBDT), Ministry of Finance issued Notification No. 133/2025 [G.S.R. 555(E)] dated 18 August 2025, amending the Income Tax Rules, 1962 by introducing two new ...
![Income Tax Rules Amendment: CBDT Fixes ₹4 Lakh Salary and ₹8 Lakh Gross Income Thresholds [Read Notification]](https://images.taxscan.in/h-upload/2025/08/19/500x300_2078208-cbdt-salary-income-tax-rules-taxscan.webp "Income Tax Rules Amendment: CBDT Fixes ₹4 Lakh Salary and ₹8 Lakh Gross Income Thresholds [Read Notification]")
Loans Qualify as NPAs After 180 Days of Default Under Income Tax Rules, Not 90 Days per NHB Guidelines: Supreme Court Rejects HUDCO’s RP [Read Judgement]
The Supreme Court of India ruled that loans can be treated as Non-Performing Assets (NPAs) for tax deduction purposes only if interest remains unpaid for more than 180 days, as specified under Rule...
![Loans Qualify as NPAs After 180 Days of Default Under Income Tax Rules, Not 90 Days per NHB Guidelines: Supreme Court Rejects HUDCO’s RP [Read Judgement]](https://images.taxscan.in/h-upload/2025/08/04/500x300_2072916-declaration-of-loan-account-declaration-of-loan-account-as-npa-npa-nclat-nclat-rules-nclat-rules-in-favour-of-ubi-loan-account-non-performing-assets-insolvency-bankruptcy-code-ibc-taxscan.webp "Loans Qualify as NPAs After 180 Days of Default Under Income Tax Rules, Not 90 Days per NHB Guidelines: Supreme Court Rejects HUDCO’s RP [Read Judgement]")
Only Investments Yielding Exempt Income Can Be Considered Under Section 14A: ITAT Dismisses Revenue’s Appeal Against Assessee [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) recently upheld the order of the Commissioner ofIncome Tax (Appeals) [CIT(A)], bringing clarity to the contentious issue of disallowance...
![Only Investments Yielding Exempt Income Can Be Considered Under Section 14A: ITAT Dismisses Revenue’s Appeal Against Assessee [Read Order]](https://images.taxscan.in/h-upload/2025/07/31/500x300_2071413-investments-yielding-exempt-income-considered-under-section-14a-itat-dismisses-revenues-appeal-against-assessee-taxscan.webp "Only Investments Yielding Exempt Income Can Be Considered Under Section 14A: ITAT Dismisses Revenue’s Appeal Against Assessee [Read Order]")
AO Refuses Nil Withholding Tax Certificate Due to Valuation Ambiguity: Delhi HC Directs Fresh Valuation in Share Transfer Case [Read Order]
In a recent ruling, the Delhi High Court set aside an income tax order refusing a Nil withholding tax certificate due to valuation ambiguity in a proposed share transfer between related foreign...
![AO Refuses Nil Withholding Tax Certificate Due to Valuation Ambiguity: Delhi HC Directs Fresh Valuation in Share Transfer Case [Read Order]](https://images.taxscan.in/h-upload/2025/07/18/500x300_2065052-ao-refuses-nil-withholding-tax-certificate-nil-withholding-tax-certificate-tax-certificate-taxscan.webp "AO Refuses Nil Withholding Tax Certificate Due to Valuation Ambiguity: Delhi HC Directs Fresh Valuation in Share Transfer Case [Read Order]")
Genuineness of Business Transaction Affirmed: ITAT Deletes Rs. 4.90 Lakh Addition for Director's Loan [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has set aside an addition of Rs. 4.90 lakh made under Section 68 of the Income Tax Act, 1961, and affirmed the genuineness of a business...
![Genuineness of Business Transaction Affirmed: ITAT Deletes Rs. 4.90 Lakh Addition for Directors Loan [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-Delhi-ITAT-Unexplained-Cash-Unexplained-Cash-Credits-Taxscan-1.jpg "Genuineness of Business Transaction Affirmed: ITAT Deletes Rs. 4.90 Lakh Addition for Directors Loan [Read Order]")
