Furnish Return of Income - Conceptual Structure (framework) of Section 263An Income Tax Return (ITR) is a prescribed statement of income, deductions, taxes paid, and other particulars that a taxpayer furnishes to the Inc...
APPLICABILITY OF INCOME TAX AND GST ON JOINT DEVELOPMENT AGREEMENT IN REAL ESTATE FOR LANDOWNERS AND BUILDERSIntroductionIn the real estate sector, Joint Development Agreements (JDAs) are a common arrangement between lan...
Detailed
Assessment of Procedural, Statutory, and Analytical IssuesCategory A:
Natural Justice and Procedural Violations
Issue A1: Failure to Dispose of
Jurisdictional Objections to Reassessment Assessees frequ...
1. What are the key provisions relating to filing of return
of income under the Income Tax Act, 2025?The provisions relating to filing of return of income are
contained in Section 263 of the Income Tax Act, 2025. Secti...
Form No. 2 (Income-tax Rules,
2026)(Corresponding to Form No. 5B
of the Income-tax Rules, 1962)Application for Notification of
a Zero Coupon Bond under Section 2(112) of the Income-tax Act, 2025 Key Differences
...
Search and Seizure under the
Income-tax Act, 2025 – Legal FrameworkIntroductionSections 247 to 259 of the
Income-tax Act, 2025 contain the provisions relating to search, seizure,
requisition, retention and applicati...
Books of Account Go Digital:
New Income-tax Act Recognises Cloud Storage but Imposes Data Localisation
Requirements A Significant Expansion in the
Definition of Books of Account The Income-tax Act, 2025 has
...
Key Takeaways from the Ruling1. Remand Reports Cannot Be IgnoredThe ruling conveys a clear and unequivocal message that Assessing Officers cannot disregard requests for remand reports made by appellate authorities. Proce...