The CBDT granted income tax exemption to RERA Punjab under Section 10 46A . This exemption benefits RERA Punjab and simplifies its tax compliance. It also highlights the…
13/02/20251 min read
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The CBDT granted income tax exemption to RERA Punjab under Section 10 46A . This exemption benefits RERA Punjab and simplifies its tax compliance. It also highlights the…
The CESTAT set aside a demand and granted exemption for excise duty on aluminum circles used in utensil manufacturing. This clarifies the applicability of excise duty to such…
The Gujarat HC initiated a suo motu PIL regarding unauthorized religious structures. This action highlights the court's concern about unauthorized construction and its impact on…
The Delhi HC discharged a lawyer in a criminal contempt case, asking him to refrain from aggressive behavior in the future. This case highlights the importance of maintaining…
The Bombay HC transferred the probe of actor Urmila Kothare's car accident. This decision ensures an impartial investigation into the accident. It highlights the importance of…
The Orissa HC mandated affidavits disclosing assets in maintenance applications, lamenting non-compliance with SC guidelines by the family court. This emphasizes the importance of…
The Calcutta HC observed that it is not uncommon to implicate husbands and their relatives in criminal cases due to matrimonial disputes. The court stressed the need to consider…
The Madras HC issued directions to streamline cheque bounce cases under the Negotiable Instruments Act. These directions aim to expedite the resolution of cheque bounce cases. It…
The ITAT ordered reassessment in a capital gains case, directing the AO to review e-notices and deductions under the Income Tax Act. This order emphasizes the importance of proper…
The Supreme Court ruled that imposing service tax on a lottery distributor is unconstitutional. This landmark ruling clarifies the taxability of lottery distribution services. It…
Suresh Choudhary will be sworn in as the Deputy Registrar of the Jaipur GSTAT. This appointment strengthens the GSTAT's capacity to handle tax-related appeals. It ensures smoother…
The Income Tax Bill 2025 proposes significant changes to income tax compliance, focusing on digital monitoring. This shift towards digital processes aims to improve efficiency and…
FM Nirmala Sitharaman stated that GST rates have dropped from 15.8% to 11.3% since implementation. This reduction indicates a positive trend in indirect taxation. It suggests that…
The Orissa HC restored pending proceedings on the demand for GST on suppression and willful misstatement. This allows the tax authorities to pursue cases of tax evasion. It…
The Orissa HC set aside an order passed under Section of CGST due to a jurisdictional error. This decision emphasizes the importance of proper jurisdiction in tax proceedings. It…
A list of sections in the new proposed Income Tax Act 2025 has been released. This list provides an overview of the structure and content of the bill. It highlights the key areas…
The Income Tax Bill 2025 proposes replacing the "previous year" with the "tax year." This change aims to align the income tax assessment period with the financial year. It…
ITAT upheld CITA's decision to delete an addition related to unexplained loans. The tribunal found that the loans were adequately explained and did not warrant the addition to…
ITAT deleted a Rs. lakh income addition, finding that proportionate income was already disclosed in the return. This decision highlights the importance of accurate reporting and…
ITAT ruled that a Transfer Pricing Officer TPO cannot introduce a new adjustment in the current assessment year without consistency from prior years for identical transactions.…
ITAT deleted an erroneous double addition made by the CPC, where the amount was already included in the taxable income. This decision highlights the importance of accuracy in tax…
The new Income Tax Bill outlines major changes in tax audit applicability. These changes aim to streamline the audit process and reduce the compliance burden for certain…
The Income Tax Act 2025 proposes no change to the definition of "accountant." This indicates that the existing definition remains relevant and adequate. It provides clarity and…
ITAT deleted an addition of undisclosed income based on a retraction, stating that mere retraction is insufficient to prove undisclosed income. The tribunal emphasized the need…
The new Income Tax Bill 2025 proposes no changes to capital gains provisions, focusing instead on simplification of existing rules. This indicates that the current framework for…
ITAT deleted an addition to income, ruling that travel agents' demonetization deposits were proven as business income. The tribunal accepted the explanation provided by the travel…
The Income Tax Bill 2025 defines online gaming and updates tax rules on winnings. This clarifies the tax treatment of income generated from online gaming activities. The updated…
The Finance Ministry has notified the implementation dates for the amended CGST rules. This notification marks a crucial step in implementing the changes to the GST regime. The…
The Uttarakhand High Court is hearing a plea challenging the Uttarakhand Uniform Civil Code notices. The plea argues that the notices are discriminatory and violate fundamental…
The Delhi High Court rejected a PIL seeking the implementation of a judicial order compliance cell. The court stated that such a cell already exists and is functioning…
The Allahabad High Court directed the UP government to formulate a scheme to address unauthorized constructions in residential, commercial, and industrial areas. The court's…
CESTAT has ruled that owners must pay duty on redeemed confiscated goods, regardless of who imported them. This ruling clarifies the duty liability on such goods and ensures…
The Income Tax Bill 2025 is a proposed legislation that aims to amend and consolidate existing income tax laws. It seeks to simplify the tax system, promote compliance, and…
The Centre's retrospective GST amendment may face a legal challenge in the Supreme Court. The amendment, which seeks to clarify certain GST provisions, has raised concerns about…
CGST officers detected GST evasion of Rs 1.88 lakh crore between April and December 2024. This substantial amount of evasion highlights the ongoing challenges in GST compliance.…
The Institute of Chartered Accountants of India ICAI has introduced revised merger and demerger guidelines for CA firms in 2024. These guidelines provide a framework for CA firms…
The central government is pushing for GST rationalization, aiming to simplify the indirect tax regime. However, states are yet to reach a consensus on the proposed changes. The…
The Central Board of Direct Taxes CBDT has granted tax exemption to Bhaikaka University for scientific research under Section 35 1 ii of the Income Tax Act, 1961. This exemption…
The Income Tax Department has launched a new tax calculator aligned with the Finance Bill 2025. This tool helps taxpayers estimate their income tax liability based on the latest…
The Income Tax Bill 2025 is likely to be tabled in Parliament tomorrow. This crucial step will initiate the legislative process for enacting the proposed changes to the income tax…
The CBDT has amended rules for filing Form 49C, enhancing tax compliance for non-residents. These changes aim to streamline the process and improve transparency. The modifications…
The new Income Tax Bill 2025 is out and set to be tabled soon. This bill proposes significant changes to the existing income tax laws, aiming to simplify the system and enhance…
The government has provided relief to ITI and IMC. Grants received years ago will still qualify as funding if the fixed deposit interest is used for education. This clarification…
The Gujarat High Court directed the state government to consider a representation filed by MLA Kandhal Jadeja regarding the utilization of grants for Kutiyana. The court's…
The Madras High Court ruled that a Hindu marriage with a foreigner is not valid under the Hindu Marriage Act. The court clarified that the Act applies only to marriages between…
The Delhi High Court issued notice on a plea challenging Article 334A, which prescribes the delimitation exercise for implementing women's reservation in the Lok Sabha. The plea…
The Kerala High Court clarified its stance on contempt jurisdiction, stating that contempt petitions should be heard by the same bench that passed the original order. This ensures…
The Delhi High Court concluded arguments in the Delhi riots bail pleas, stating that there was no delay in the trial by the prosecution. The court's observation addresses concerns…
The Bombay High Court criticized the practice of serving the grounds of arrest to an accused person with a delay, even if it's a short one. The court emphasized the importance of…
The Punjab and Haryana High Court reiterated that an employee's service cannot be terminated during maternity leave. The court emphasized the statutory protection afforded to…
The CBDT granted income tax exemption to RERA Punjab under Section 10 46A . This exemption benefits RERA Punjab and simplifies its tax compliance. It also highlights the…
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