Section 364 Income Tax Act 2025 Procedure of Appellate Tribunal. 364. (1) The powers and functions of the Appellate Tribunal may be exercised and discharged by Benches constituted by the President of the Appellate Tribunal from among the members thereof. (2) Subject to the provisions contained in sub-section (3), a Bench shall consist of one Judicial… Read More »
Section 363 Income Tax Act 2025 Orders of Appellate Tribunal. 363. (1) The Appellate Tribunal may, after giving both the parties to the appeal, an opportunity of being heard, pass such orders thereon as it thinks fit. (2) The Appellate Tribunal may amend any order passed by it under sub-section (1) for the rectification of any… Read More »
RULE 95 INCOME-TAX RULES 2026 Eligible assessee for safe harbour rules for specified domestic transactions. 95. An “eligible assessee” means a person who has exercised a valid option for application of safe harbour rules in accordance with the provisions of rule 97, and — (a) is a Government company engaged in the business of generation, supply,… Read More »
RULE 96 INCOME-TAX RULES 2026 Eligible specified domestic transaction for safe harbour. 96. An “eligible specified domestic transaction” means a specified domestic transaction undertaken by an eligible assessee and which comprises of: — (a) supply of electricity; or (b) transmission of electricity; or (c) wheeling of electricity; or (d) purchase of milk or milk products by… Read More »
RULE 94 INCOME-TAX RULES 2026 Definitions for safe harbour rules for specified domestic transaction. 94. For the purposes of this rule and rules 95 to 98, — (a) “Appropriate Commission” shall have the same meaning as assigned to it in section 2(4) of the Electricity Act, 2003 (36 of 2003); and (b) “Government company” shall have… Read More »
RULE 93 INCOME-TAX RULES 2026 Mutual agreement procedure not to apply where Safe harbour for international transactions is accepted. 93. Where transfer price in relation to an eligible international transaction, declared by an eligible assessee, is accepted by the income-tax authorities under section 167, the assessee shall not be entitled to invoke mutual agreement procedure under… Read More »
PAN CR 02 download PDF for PAN Correction for non Individual PAN CR 02 download PDF for PAN Correction for non Individual Request For Changes Or Correction in PAN Data [For Non-Individual] PAN CR-02 – For non Individual Click here Related Post How to do PAN correction after 1st April 2026 as per New Income… Read More »
Section 441 Income Tax Act 2025 Failure to keep, maintain or retain books of account, documents, etc. 441. A penalty of ₹ 25000 may be imposed on a person by the Assessing Officer or the Joint Commissioner (Appeals) or the Commissioner (Appeals), if he fails to— (a) keep and maintain the books of account and other… Read More »
Section 435 Income Tax Act 2025 Refund on appeal, etc. 435. (1) Where, as a result of any order passed in appeal or other proceeding under this Act, refund of any amount becomes due to the assessee, the Assessing Officer shall, except as otherwise provided in this Act, refund the amount to the assessee without his… Read More »
Section 429 Income Tax Act 2025 Fee for default relating to statement or certificate. 429. (1) Without prejudice to the provisions of this Act, where,— (a) the research association, University, college or other institution referred to in section 45(3)(a) or the company referred to in section 45(3)(b) fails to deliver or cause to be delivered the documents as may be… Read More »