‘Debt Forgiveness’ Can’t Be Taxes As Business Income: ITAT
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the debt forgiveness cannot be taxed as...
Technical Glitch: CBDT Waives Interest On Late TDS/TCS Payments
The Central Board of Direct Taxes (CBDT) has notified the waiver of interest on late payments of tax deducted at source...
Know All Changes In TDS Provisions Effective from 1st April 2025
The Income Tax Department has announced significant changes in the Tax Deducted at Source (TDS) provisions, set to take...
Kapil Dev Exempted From Income Tax On Rs. 1.5 Crore Granted By BCCI: ITAT
The Income Tax Appellate Tribunal (ITAT) has exempted Kapil Dev from income tax on Rs. 1.5 Crore granted by Board of...
'Reasonable Doubt' in Criminal Cases Must Be Assessed by Standards of Strong-Minded and Courageous Individuals: Supreme Court Quashes FIR Against Congress MP Imran Pratapgarhi
The Supreme Court while quashing the First Information Report (FIR) against Congress MP Imran Pratapgarhi held that...
CBDT Notifies New Disclosure Rules for MSME Payments, Share Buybacks, and Loans
The Central Board of Direct Taxes (CBDT) has introduced significant amendments to tax audit reporting requirements under...
AI Can’t Override Natural Justice; CPC Portal Must Reflect Thoughtful Consideration: Bombay High Court
The Bombay High Court has held that Artificial Intelligence (AI) cannot override natural justice, and the Centralized...
New Definition of "Specified Premises" For Hotel Accommodation Services Under GST W.E.F 01.04.2025: CBIC Issues FAQs
The Central Board of Indirect Taxes and Customs (CBIC) has issued the Frequently Asked Questions (FAQs) on ‘restaurant...
New TDS Rules: CBDT Notifies Changes in Form 26Q
The Central Board of Direct Taxes (CBDT) has notified the Income-tax (Seventh Amendment) Rules, 2025 which further amend...
Juice Seller Shocked by Rs 7.79 Crore Income Tax Notice
A small-time juice seller in Aligarh’s district court compound was left in shock after allegedly receiving an income tax...
Supreme Court Stays Allahabad High Court's Observation on Sexual Assault Case
In a significant legal intervention, the Supreme Court of India has stayed a controversial ruling by the Allahabad High...
Redevelopment Flat Value Not To Be Taxed U/s 56(2)(X) Of Income Tax Act: ITAT
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has ruled that redevelopment flat value is not taxable as...
