Category Archives: Income Tax

NITI Aayog Proposes Decriminalisation of Most Income Tax Offences in Income Tax Act 2025

By | October 25, 2025

NITI Aayog releases NITI Tax Policy Working Paper Series–II on Towards India’s Tax Transformation: Decriminalisation and Trust-Based Governance Posted On: 10 OCT 2025 1:07PM by PIB Delhi Continuing its efforts to advance evidence-based tax reforms, NITI Aayog today released the second working paper under the NITI Tax Policy Working Paper Series–II, titled “Towards India’s Tax Transformation: Decriminalisation… Read More »

CBDT New circular for verification of expenses in assessment of Entertainment sector

By | October 23, 2025

F.No.225/215/2018/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes *************** Room No.245A, North Block, New Delhi, dated 21 st October, 2025 All Principal Chief Commissioners of Income Tax, Madam/Sir Subject: C&AG’s performance Audit report No.1 of 2019 on “Assessment of assesses in entertainment sector- verification of expenses in assessment… Read More »

IMPORTANT INCOME TAX CASE LAW 16.10.2025

By | October 17, 2025

IMPORTANT INCOME TAX CASE LAW 16.10.2025 Section Case Law Title Brief Summary Citation Relevant Act Section 10(1) Deputy Commissioner of Income-tax v. Vibha Agrotech Ltd. Income derived from the sale of foundation seeds by a company engaged in hybrid seed business was held exempt under Section 10(1) as agricultural income. Click Here Income-Tax Act, 1961… Read More »