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Direct Tax
Pending Appeal in Income Tax Assessment Dispute: Kerala High Court Stays Recovery Proceedings
The Kerala High Court has directed that recovery proceedings initiated against an assessee under...
Direct Tax
Income Tax Dept. Launches Crackdown on Non-Compliance in Reporting High Value Transactions
The Income Tax Department has initiated a nationwide enforcement drive to identify and penalise...
Direct Tax
Delhi High Court Seeks Update on ITR Due Date Extension
The Delhi High Court on Wednesday heard petitions seeking an extension of the Income...
Direct Tax
Use of Phrase “Yes, I am Convinced…” Constitutes Valid Approval For Re-Opening of Assessment: Delhi High Court
The Delhi High Court has held that the language “Yes, I am convinced it...
Direct Tax
Objection to Non-Jurisdictional 143(2) Notice Barred Due to Assessee’s Delay: Chhattisgarh HC Upholds Assessment Validity
The Chhattisgarh High Court has upheld the validity of the assessment on the grounds...
Direct Tax
Lokayukta Raids Revenue Inspector in Haveri; Assets Worth Over ₹1 Crore Unearthed
The Karnataka Lokayukta conducted a major raid in Haveri district uncovering assets worth over...
Direct Tax
BREAKING | Mandatory To Provide 1 Month Gap Between ITR (Audit) Date And Tax Audit Date : Gujarat High Court
The Gujarat High Court has held that it is mandatory to provide a 1...
Direct Tax
Technical Glitch Hits Income Tax Portal: Audit Report Filing under Section 44AB Fails
Tax professionals and chartered accountants across India faced hurdles today while uploading audit reports...
Direct Tax
Income Tax Dept. Enhances Transparency in Faceless Assessments with New E-Filing Portal Update
In a move aimed at strengthening transparency and accountability in the faceless assessment and...
Direct Tax
Tax Refunds Down 50%: Rs. 60,000 Crore Held Back Amid Festive Season, Raising Concerns Among Taxpayers
As the festive season begins, many small businesses and individual taxpayers are facing an...
Direct Tax
Income Tax Dept. Seizes 10 kg Gold, Rs. 1 Crore Cash After Marathon Raids on Go Fashion India in Chennai and Bengaluru
In one of the largest recent crackdowns on alleged tax evasion in the retail...
Direct Tax
Cash Transactions Beyond Rs. 20K Can Trigger Penalty — Income Tax Dept. Warns Strict Action
It is no secret that Indians prefer using cash and UPI for all kinds...
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Columns
Russian Crude Makes Up Nearly 50% of India’s Oil Imports in June
India’s dependence on Russian crude oil strengthened further in June, with imports from Russia...
Indirect Taxes
Customs Seizes Hydroponic Weed Worth ₹4.83 Crore at Delhi IGI Airport
The Customs officers of the Air Intelligence Unit (AIU) at Indira Gandhi International (IGI)...
GST
Validity of Post-GST Service Tax Proceedings Upheld: Gujarat High Court Dismisses Challenge to S. 73 SCN
The Gujarat High Court has dismissed a writ petition challenging a service tax show...
Indirect Taxes
No Recovery After Repeal: Gujarat HC Sets Aside Excise Demand Based on Omitted S. 3A and R. 96ZQ
The Gujarat High Court has set aside a long-pending central excise demand against a...