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Direct Tax
Rs. 2 Lakh Cost Imposed On Income Tax Dept. For Lodging Tax Evasion Prosecution Without ITAT Confirmation: Supreme Court
The Supreme Court has imposed the cost of Rs. 2 Lakhs on the income...
Direct Tax
15 Days Left, 3 Crore ITRs Pending: AIS-TIS, 26AS Not Working, OTP Glitches Trouble Taxpayers
As the deadline for filing Income Tax Returns (ITRs) draws closer, taxpayers and professionals...
Direct Tax
Interest on FD, Tax Refunds Linked to Operational Obligations Qualifies for S. 80IA Deduction: Bombay HC
The Bombay High Court has held that interest earned on fixed deposits and tax...
Direct Tax
Income Tax Dept. Begins Issuing Faster Refunds; Taxpayers Report Quick Credits
The Income Tax Department has begun issuing refunds for the Assessment Year (AY) 2025-26,...
Direct Tax
Wedding Gifts Under Income Tax Act Can’t Be Treated As Unexplained Income: ITAT
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has set aside the...
Direct Tax
Income Tax Filing FY 2024-25: Key Deduction Limits and Documents Required Under Old Regime
With the deadline for filing Income Tax Returns (ITR) for Financial Year 2024-25 approaching,...
Direct Tax
Time Limit for Income Tax Notices
The Income Tax Department in India operates within fixed time limit for Income Tax...
Direct Tax
Rs. 20 Lakh Penalty for Cash Receipt in Property Sale Quashed: ITAT
In a significant ruling with implications for real estate transactions, the Income Tax Appellate...
Direct Tax
No Capital Gain Tax Payable On Property Transfer Between Spouses: ITAT
The Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that no capital gain...
Direct Tax
Technology That Helps Income Tax Department Track Hidden Cash and Gold at Homes
The Income Tax Department in India has quietly built a powerful technology system to...
Direct Tax
Punjab and Haryana HC grants Bail to IRS Official Allegedly Demanding Bribe In Rs. 45 Lakh Income Tax Settlement
The Punjab and Haryana High Court grants bail to IRS officials allegedly demanding bribes...
Direct Tax
Income Tax Act 2025 To Be Applicable From April 2026
In a landmark development for India’s fiscal framework, the Income Tax Act 2025 has...
Latest articles
Indirect Taxes
CESTAT Quashes Excise Duty Demand on Poultry Cage Weld Mesh
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...
Indirect Taxes
Commission Retained on Air Tickets Bought Through GSA/IATA Agents Not Taxable as Business Auxiliary Service
The Chandigarh Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...
Indirect Taxes
CENVAT Credit Can’t Be Denied on Duty-Paid Inputs from Area-Based Exempt Units: CESTAT
The Chandigarh Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...
GST
Ignoring Taxpayer’s Reply While Rejecting GST Refund Is Illegal: Bombay High Court
The Bombay High Court has set aside an ex-parte order rejecting a GST refund...