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Income Tax Appeal on Interest Deduction for Share Investments Rejected: Madras High Court 

The Madras High Court has dismissed an appeal filed by the Income Tax Department...

No SCN in 6 Months? Seized Currency Must Be Returned, Clarifies Madras High Court

The Madras High Court has ruled that Indian currency falls within the definition of...

Simultaneous Deductions Under S. 80-IA, 80-HHC Upheld: Madras High Court

The Madras High Court has dismissed an appeal filed by the Income Tax Department...

Rural Branch Bad Debt Deduction Must Be Based on Aggregate Monthly Outstanding Advances, Not Incremental Lending: Madras HC

The Madras High Court has held that Co-operative Bank’s rural branch bad debt deduction...

Reassessment for Excess S. 80HHC Deduction Claim Upheld: Madras High Court 

The Madras High Court has upheld the validity of reassessment proceedings initiated by the...

GST Demand of Rs. 10.90 Lakh Quashed; Madras HC Orders Fresh Assessment After 50% Pre-Deposit

The Madras High Court has quashed a Goods and Services Tax (GST) demand of...

File Appeal Before GSTAT; Mandatory Pre-Deposit Conditions Can’t Be Bypassed By Invoking Writ Jurisdiction: Orissa HC

The Orissa High Court has declined to adjudicate a GST dispute on merits and...

Courts Must Not Show Extra Leniency To State For Lethargic Delays in Filing SLPs: SC 

The Supreme Court has dismissed special leave petitions (SLPs) filed by the Income Tax...

No Revision of Penalty After Tax Amnesty Immunity: Rajasthan High Court 

The Rajasthan High Court has dismissed an income tax appeal filed by the department,...

OPS Will Not Be Restored for Central Government Employees Under NPS/UPS: Finance Ministry Tells Lok Sabha

The Union Government has categorically ruled out the restoration of the Old Pension Scheme...

ICAI DigiCA UDIN Portal Manual: Key Highlights Every Chartered Accountant Must Know

The Institute of Chartered Accountants of India (ICAI) has released the updated DigiCA UDIN...

ICAI Revamps Advertisement Rules, Aligns Ethics with Global Standards to Boost Indian CA Firms

In a significant regulatory overhaul aimed at strengthening India’s professional services ecosystem, the Institute...

Latest articles

Composite GST SCN for Multiple Years Held Unsustainable: Kerala High Court

The Kerala High Court has set aside a GST show cause notice (SCN) holding...

New Income Tax Act, 2025 to Take Effect from April 1, 2026, Introducing Simplified “Tax Year” System

India is set to usher in a major overhaul of its direct tax framework...

Unexplained 435-Day Delay Leads to Dismissal of Tax Revision Petition: Karnataka High Court

The Karnataka High Court has dismissed a Sales Tax Revision Petition, refusing to condone...

GSTAT Rajkot Bench Becomes Operational

The Goods and Services Tax Appellate Tribunal (GSTAT) has formally commenced operations of its...