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Direct Tax
Income Tax Notices Explained: Types, Causes, and How to Respond Effectively
In India, when the Income Tax Department detects discrepancies, non-compliance, or any irregularities in...
Direct Tax
Cook in Madhya Pradesh Shocked by Rs. 46 Crore Income Tax Notice
A 30-year-old dhaba cook from Bhind district has found himself at the center of...
Direct Tax
Income Tax Dept. Sets March 31, 2026 Deadline for TDS/TCS Corrections
In a critical move to enhance tax compliance, the Income Tax Department has announced...
Direct Tax
Tax Practitioners Urge Govt. to Extend Deadlines for Filing ITRs and Tax Audit Reports
The All India Federation of Tax Practitioners (AIFTP) has formally submitted a representation to...
Direct Tax
Share Premium Not Taxable, Dismisses Dept’s Rs.17.10 Crore Addition: ITAT
The Income Tax Appellate Tribunal (ITAT), Mumbai “C” Bench, dismissed two appeals filed by...
Direct Tax
Income Tax Dept. Sends SMS Alerts to Non-Filers Ahead of September 15 Deadline
The Income Tax Department has begun dispatching SMS notifications to taxpayers who have not...
Direct Tax
Wrongful Rejection of SVLDR Declaration Would Push Decade-Long Tax Litigation, Denying Dept. Immediate Recovery: Bombay High Court
The Bombay High Court has ruled that the tax department wrongly rejected a hospitality...
Direct Tax
CBSE Gets Income Tax Exemption for Five Years
The Central Board of Direct Taxes (CBDT) has granted the Central Board of Secondary...
Direct Tax
Share Of Minor Daughter Included In Sale Of Property Done With Permission Of Court, Can’t Be Clubbed With Father’s Income: ITAT
The Chennai Bench of Income Tax Appellate Tribunal (ITAT), Chennai Bench has held that...
Direct Tax
P&H High Court Permits ED to Inspect Income Tax Records in Foreign Assets Case
The Punjab and Haryana High Court on Wednesday dismissed a set of petitions challenging...
Direct Tax
Supreme Court Dismisses Income Tax Dept’s Plea Over 248-Day Delay
The Supreme Court of India has dismissed a Special Leave Petition (SLP) filed by...
Direct Tax
Capital Loss Carry Forward Allowed Even When Gains on Grandfathered Investments Are Tax-Exempt: ITAT
In a major relief for foreign investors, the Income Tax Appellate Tribunal (ITAT), Mumbai,...
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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...