Day: December 3, 2025

CBDT specifies work allocations and zonal charges of its members CBDT has issued an office memorandum dated 03/12/2025 giving details of charge allocation along with work allocation and zonal charges. The CBDT is headed by a Chairperson. In addition to the Chairperson, there are six Members on the …

Addition quashed as alleged manipulation in share prices was merely a speculation and assumption of Assessing Office In a recent judgment, Hon’ble Rajasthan High Court has quashed addition made on account of bogus and dubious share transaction observing that shares have been manipulated was merely a speculation and …

When assesee did not deduct TDS on account of interim stay of High Court, it can’t be regarded as assessee in default under section 201(1) of the Income Tax Act. In a recent judgment, Hon’ble Kerala High Court has held that when assessee did not deduct TDS on …