Income Tax Notifications & Circulars – April 2025 Compilation
In April 2025, there were several important updates to India’s income tax rules. The Central Board of Direct Taxes (CBDT) issued many notifications...
![Sikkimese Identity Alone Not Sufficient for S.10(26AAA) Exemption, All Conditions Must Be Verified: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Undue-Benefit-Tax-Payer-Tax-ITAT-Taxscan.jpg.webp "Sikkimese Identity Alone Not Sufficient for S.10(26AAA) Exemption, All Conditions Must Be Verified: ITAT [Read Order]")
![Income Tax Rules Amendment: Non-Resident Entities with Liaison Offices in India must File Form 49C within 8 Months of FY-End [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-Rules-Income-Tax-Rules-Amendment-Liaison-Offices-in-India-Taxscan.jpg "Income Tax Rules Amendment: Non-Resident Entities with Liaison Offices in India must File Form 49C within 8 Months of FY-End [Read Notification]")
![CBDT Introduces Presumptive Income Tax Rule 6GB: Conditions for Non-Residents Engaged in Cruise Ship Operations [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/01/CBDT-Income-Tax-Rule-Income-Tax-Rule-6GB-Cruise-Ship-Operations-Non-Residents-Engaged-taxscan.jpg "CBDT Introduces Presumptive Income Tax Rule 6GB: Conditions for Non-Residents Engaged in Cruise Ship Operations [Read Notification]")
![Income Tax Department Mandates E-Filing for Selected Forms Under Rule 131 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-Department-Income-Tax-E-Filing-Rule-131-of-Income-Tax-Rules-Rule-131-E-Filing-Updates-Taxscan.jpg "Income Tax Department Mandates E-Filing for Selected Forms Under Rule 131 [Read Notification]")
CBDT announces mandatory Electronic Filing of Specified Forms under Rule 131(1) & (2) of Income Tax
The Central Board of Direct Taxes (CBDT) has announced an important update through Notification No. 01/2024-25 dated 24.06.2024, mandating the electronic filing of specific forms under the Income-tax...
Central Government Sets Arm's Length Price Thresholds for Wholesale and Other Transactions under Income Tax Act [Read Notification]
The Central Government, vide notification no. S.O. 4571(E) dated 18th October 2024 has issued a notification under the Income-tax Act, 1961, setting specific thresholds for determining arm’s length...
![Central Government Sets Arms Length Price Thresholds for Wholesale and Other Transactions under Income Tax Act [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/10/Income-Tax-Income-Tax-Act-Central-Government-Income-tax-Act-1961-Arms-Length-Price-Thresholds-TAXSCAN.jpg "Central Government Sets Arms Length Price Thresholds for Wholesale and Other Transactions under Income Tax Act [Read Notification]")
Power of Assessing Authority under Income Tax Act to Decide Application for Release of Seized Assets not Automatically Abated after 120 Days: Allahabad HC [Read Order]
In a significant ruling the Allahabad High Court held that the power of Assessing Authority under the Income Tax Act, 1961 to decide application for release of seized assets not automatically abated...
![Power of Assessing Authority under Income Tax Act to Decide Application for Release of Seized Assets not Automatically Abated after 120 Days: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Power-of-Assessing-Authority-Income-Tax-Act-Release-of-Seized-Assets-Automatically-Allahabad-HC-TAXSCAN-1.jpeg "Power of Assessing Authority under Income Tax Act to Decide Application for Release of Seized Assets not Automatically Abated after 120 Days: Allahabad HC [Read Order]")
Evaluating PSE Disinvestment Amidst the Extended Tax Exemption under Section 52(2)(x) of the Income Tax Act
The role of economic arrangements in the promotion of a free society is twofold. On the one hand, freedom in economic arrangements is in itself a component of freedom, in its broad sense. So,...
Availability of Interest-Free Funds more than Investments: Delhi HC upholds Deletion of Disallowance under Income Tax Act [Read Order]
The Delhi High Court upheld the deletion of disallowance under the Income Tax Act, 1961 as the availability of interest-free funds more than investments. The Court further observed that if the...
![Availability of Interest-Free Funds more than Investments: Delhi HC upholds Deletion of Disallowance under Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Delhi-HC-Income-Tax-Act-Disallowance-Availability-taxscan.jpg "Availability of Interest-Free Funds more than Investments: Delhi HC upholds Deletion of Disallowance under Income Tax Act [Read Order]")