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Company & PMLA
Share Purchase Advance Shown As Unsecured Loan Doesn’t Automatically Become Financial Debt: NCLAT
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has held that an amount paid as part of the consideration for a...
Notification
BSNL, MTNL VRS Compensation Governed By S. 10(10C), Not Retrenchment Exemption: CBDT
The Central Board of Direct Taxes (CBDT) has clarified that ex-gratia compensation received by employees under the BSNL and MTNL Voluntary Retirement Scheme, 2019, is governed by Section 10(10C) of the Income-tax Act, 1961, and does not qualify for treatment under Section 10(10B), which...
Other Laws
Delhi High Court Rejects AISA President Neha Bora’s Plea Against Peace Bond Notice Over CEC Protest
The Delhi High Court has dismissed a petition filed by All India Students’ Association...
Other Laws
Cabinet Secretary Acknowledged Letters From Two Election Commissioners Seeking Action Against Senior ECI Officer: RTI Reply
The Cabinet Secretariat acknowledged letters written by two Election Commissioners seeking action against a...
Company & PMLA
Share Purchase Advance Shown As Unsecured Loan Doesn’t Automatically Become Financial Debt: NCLAT
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has held that...
Direct Tax
Income Tax Reassessment Based On Political Party Search Can’t Be Extended By Inapplicable Notice Procedure: ITAT
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has quashed a reassessment...
Indirect Taxes
DRI | 4 Years in Jail Without Trial Progress: Bombay High Court Grants Bail in Airport Drug Capsule Case
The Bombay High Court has granted bail to a Ugandan national accused of smuggling...
Indirect Taxes
DRI Statements Can’t Become Admissible Confessions by Calling Them Admissions: Bombay High Court
The Bombay High Court has held that a self-incriminating statement recorded by a Directorate...
Live Updates
57th GST Council Meeting LIVE
The 57th GST Council meeting is underway in New Delhi, with proposals covering GST officers’ arrest powers, input tax credit, refunds, registration, return filing...
Money Hacks
Senior Citizen Savings Scheme Gets 5 Key Rule Changes From July 1, 2026
The Senior Citizen Savings Scheme (SCSS), one of India's most popular government-backed retirement investment...
Money Hacks
How to Save Money on LPG Cylinder Booking: Best Apps, Cashback Offers In 2026
With domestic LPG cylinder prices continuing to strain household budgets, consumers are increasingly looking...
GST
GST Superintendent’s Rs. 10 Lakh Jurisdiction Limit Applies to CGST Demand Alone, Not Combined CGST and SGST: Allahabad High Court
The Allahabad High Court has held that the pecuniary jurisdiction of a Central GST...
CCI | GST | Direct Tax
CCI
CCI’s Power To Examine Substance Of Amazon–Future Deal, But Quashes Directions And Penalties: Supreme Court
The Supreme Court in the long-running dispute arising out of Amazon’s investment in Future...
CCI
ICAI Removes CA from Register for 1 Year Following Delhi HC Order
The Institute of Chartered Accountants of India (ICAI) has formally removed a Chartered Accountant...
CCI
Markets Trade Flat Ahead of Union Budget 2026-27
Equity benchmark indices traded in a narrow range on Sunday morning as investors remained...
CCI
Bomb Threat In Tis Hazari and Saket Court In Delhi
Multiple district court complexes in Delhi were placed on high alert Tuesday morning following...
CCI
CCI Approves Acquisition Of Jaiprakash Associates By VedantaÂ
The Proposed Combination envisages acquisition of Jaiprakash Associates Limited (JAL) by Vedanta Limited (Acquirer)...
GST
GST Superintendent’s Rs. 10 Lakh Jurisdiction Limit Applies to CGST Demand Alone, Not Combined CGST and SGST: Allahabad High Court
The Allahabad High Court has held that the pecuniary jurisdiction of a Central GST...
GST
DGGI Vijayawada | Expansion Of Fake ITC Probe Alone No Ground To Cancel Bail: Andhra Pradesh High Court
The Andhra Pradesh High Court has refused to cancel the bail granted to a...
GST
Madras High Court Stays GST Rectification Order Challenged As Time-Barred
The Madras High Court has granted an interim stay on a GST rectification order...
Direct Tax
Whether ‘Royalty’ Is A ‘Tax’; Supreme Court Directs The Matter To Be Before Appropriate Bench
The Supreme Court has presided over the controversy of whether ‘Royalty’ Is A ‘Tax’...
Direct Tax
Bandwidth Services Provided Outside India Not Taxable As ‘Royalty’: Delhi High Court
The Delhi High Court ruled that the bandwidth services provided outside India are not...
Direct Tax
No Income Tax Payable On Tamil Nadu Advocates welfare Fund: ITAT
The Income Tax Appellate Tribunal Chennai, ruled that no income tax payable on Tamil...
Direct Tax
Imparting Education Through Virtual Mode Or By Adoption Of New Technologies Qualifies Income Tax Exemption: Delhi High Court
The Delhi High Court ruled that imparting education through virtual mode or by adoption...
Direct Tax
Relief To Axis Bank: Discount On ESOPs Is Allowable As Deduction: ITAT
In a major relief to Axis Bank, the Income Tax Appellate Tribunal (ITAT) Ahmedabad...
Direct Tax
ALP On Account Of Corporate Guarantee At 0.50% On Guaranteed Amount Is Proper Commission: ITAT
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench direct the Assessing Officer/learned TPO to...
News Updates
Indirect Taxes
Customs Can Sample Imported Areca Nuts To Investigate Misdeclaration: Calcutta High Court
The Calcutta High Court has held that Customs officers can draw samples of imported food products under the Customs Act, 1962 for tariff classification, valuation and investigation of suspected misdeclaration, even though the goods are also subject to the Food Safety and Standards Act,...
International Taxation
Trump Signs Executive Order to Reduce Mortgage Costs, Expand Housing Affordability in US
US President Donald Trump has signed an executive order directing federal agencies to take...
International Taxation
China Tightens Tax Enforcement on Offshore Trusts, Wealthy Individuals Face Scrutiny Over Overseas Assets
China is stepping up tax enforcement against wealthy individuals holding assets overseas, including investments...
Live Updates
57th GST Council Meeting LIVE
The 57th GST Council meeting is underway in New Delhi, with proposals covering GST...
Live Updates
GSTAT Outreach Programme Draws Strong Response in Jaipur; Tax Professionals Seek Extension of Appeal Filing Deadline
The Jaipur Tax Bar Association (JTBA), in collaboration with the Goods and Services Tax...
Latest Articles
Other Laws
Punjab & Haryana High Court Permits CBI To Examine 12 Additional Witnesses in Case Against Justice Nirmal Yadav
The Punjab and Haryana High Court has permitted the Central Bureau of Investigation (CBI)...
Other Laws
Justice Yashwant Varma Cash Controversy: Investigation Reveals Fixer Gang Links, Real Estate Developer Under Scrutiny
The probe into the Justice Yashwant Varma cash controversy has uncovered a web of...
GST
Supreme Court Upholds Businesses’ Right to Rectify Tax Errors, Safeguards Buyers’ Input Tax Credit from Seller’s Mistakes
The Supreme Court has upheld the businesses’ right to rectify tax errors, safeguards buyers’...
Notification
CBIC Notifies Navi Mumbai and Noida International Airport as Customs Ports for Import-Export Operations
The Central Board of Indirect Taxes and Customs (CBIC) has officially notified Navi Mumbai...
Direct Tax
Finance Bill 2025 Introduces New Provision Enabling Cross-Verification of Inconsistencies in ITR
The Finance Bill 2025 has introduced significant amendments to Section 143(1) of the Income-tax...
Direct Tax
Finance Bill, 2025: Amendments In Chapter XIV-B Of Income-Tax Act 1961
The Finance Bill, 2025 has notified the amendment in the Chapter XIV-B of the...
Direct Tax
Finance Bill 2025: Government Amends Definition of ‘Capital Asset’
The Finance Bill 2025 has introduced a significant amendment to the definition of “capital...
Direct Tax
Government Expands Tax Exemptions for Non-Residents in IFSC under Section 10(4E) of Income Tax Act
In a significant move to enhance India's attractiveness as a global financial hub, the...
Direct Tax
Finance Bill 2025 Expands ‘Resultant Fund’ Definition, Eases Conditions for Retail Schemes & ETFs
The Government of India has proposed an amendment to Section 10(4D) of the Income-tax...
Direct Tax
Finance Bill 2025 Amends Section 10(10D) To Exempt Life Insurance Proceeds From IFSC Intermediaries Without Premium Cap
The Finance Bill, 2025 has introduced a significant amendment to Section 10(10D) of the...
Direct Tax
Finance Bill 2025: Presumptive Tax Provisions Under The New Section 44BBD
The Indian government has introduced an amendment to the proposed Section 44BBD of the...
Direct Tax
Finance Bill 2025: Tax Treatment Of Offshore Fund Managers In India
In a significant move aimed at reducing compliance burdens and facilitating the relocation of...
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