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In the world of taxation and compliance, one simple principle can make or break your case during...
In today’s rapidly evolving digital landscape, auditing is no longer confined to traditional financial verification. With businesses...
In today’s digital and fast-paced financial environment, financial fraud has become one of the most serious risks...
In today’s dynamic business environment, organizations face increasing financial risks, regulatory changes, and compliance challenges. Whether you...
In the world of taxation and compliance, one simple principle can make or break your case during...
The Union Budget 2026, presented by the Finance Minister on 1 February 2026, goes beyond routine numbers...
Salaried taxpayers who have stayed with the old income tax regime now have yet another reason to...
The Union Budget 2026 has sent a strong and deliberate message to global investors: India is committed...
India’s economy continues to capture global attention — combining steady growth, controlled inflation, strategic fiscal policies, and...
Tax season can be a stressful time for salaried individuals. Many people make common mistakes that can...
The Union Budget 2026-27, presented amidst a backdrop of evolving global economic conditions and ambitious national development...
In this comprehensive guide, we will walk you through the intricate process of converting a Private Company...
In recent years, the concept of a One Person Company (OPC) has gained popularity among entrepreneurs and...
In recent years, the concept of a One Person Company (OPC) has gained popularity among entrepreneurs and...
In this comprehensive guide, we will walk you through the intricate process of converting a Private Company...
The Ministry of Finance has recently unveiled a scheme designed to incentivize honest invoicing practices among both...
Introduction: Income tax planning is an essential component of financial health, and using legitimate techniques to minimize...
In today’s financial landscape, obtaining a personal loan with a low credit score can be a challenging...
In today’s business landscape, understanding the intricacies of taxation is crucial for business owners and stakeholders alike....
CBDT has identified search, survey, and reassessment cases for compulsory scrutiny in FY 2026-27. The guidelines highlight...
ITAT Delhi quashed a ₹65 lakh penalty under Section 271D after finding that no assessment was made...
The Tribunal examined whether reassessment proceedings could be initiated after the NCLT declared a moratorium under the...
The Tribunal examined whether unsecured loans could be accepted solely on the basis of loan confirmations. It...
The Tribunal examined whether donations made as part of CSR obligations could qualify for deduction under Section...
The dispute centers on whether GST applies to the entire maintenance amount or only the excess above...
The Orissa High Court considered a request for amendment of GST registration where business was conducted from...
The Bombay High Court held that the CGST Act does not permit consolidation of different financial years...
The High Court granted bail in a GST fraud prosecution after noting that the investigation had been...
The High Court granted regular bail on the principle of parity after noting that a similarly placed...
ITAT Hyderabad held that an addition based solely on discrepancies in unaudited Tally-generated statements was unsustainable. The...
The Court emphasized that procedural defaults should not override substantive tax benefits where genuine hardship exists. It...
The Tribunal accepted that part of the cash found with the assessee represented accumulated family savings intended...
The ITAT held that a common approval granted mechanically for multiple assessees did not constitute a valid...
ITAT Mumbai deleted the transfer pricing adjustment on management fees after finding that identical issues in the...
The Court held that once the GSTAT became functional and appeal timelines were extended, disputes should be...
The Madras High Court held that letters issued to customers before determination of tax liability could not...
The Allahabad High Court held that a taxpayer cannot effectively respond to a show cause notice without...
The Kerala High Court quashed an order denying input tax credit after finding that the taxpayer had...
The Allahabad High Court quashed GST registration cancellation and revocation rejection orders after finding that hearing dates...
This guide outlines the complete ITR filing checklist for AY 2026-27, from AIS reconciliation to e-verification. It...
ITAT Chennai held that reopening an assessment after four years based on issues already examined during scrutiny...
This guide explains how taxpayers can select the correct ITR form based on their income profile and...
The Assessing Officer examined the audited books, balance sheet, and supporting records but did not identify any...
The Tribunal deleted the addition after finding that the taxpayer had furnished complete documentary evidence of purchase...
The Madras High Court set aside an ex parte GST assessment after the taxpayer claimed that notices...
The Madras High Court set aside an ex-parte GST assessment against a second-hand mobile phone dealer who...
Haryana recorded the highest State GST growth rate in India at 22% in May 2026. The achievement...
GSTAT has extended relaxed scrutiny guidelines for portal-based appeals until 31 December 2026. The key takeaway is...
The Madras High Court held that a taxpayer assessed under Section 62 for non-filing of GST returns...
The Income Tax Appellate Tribunal has proposed a priority disposal mechanism for appeals filed up to and...
The Court held that an Assessing Officer’s quasi-judicial decision cannot attract disciplinary action merely because another view...
The Tribunal admitted lenders’ tax returns and bank statements and remanded the Section 68 issue for fresh...
The Tribunal held that property investment funded through documented foreign remittances from the assessee’s husband could not...
ITAT Mumbai held that additions under Sections 68 and 69C could not be sustained where the Revenue...
The Court declined to entertain the writ petition challenging a GST show cause notice and adjudication order,...
The Court held that cancellation of GST registration for procedural non-compliance should not permanently deprive a taxpayer...
The Supreme Court declined immediate intervention but expressly left open the challenge to the validity of Section...
The article explains how ITC eligibility is linked to vendor compliance under GST. It highlights key risks...
The Madras High Court stayed the operation of a GST assessment and demand relating to seigniorage fee....
Where ITAT directed inclusion of Cepha Imaging Pvt. Ltd. as a comparable solely on the basis that...
Where assessee substantiated purchase, holding and sale of shares of YICL through documentary evidence, DEMAT records, contract...
Addition of ₹11.14 crore on account of alleged bogus purchases could not be sustained without first verifying...
Pune ITAT observed that the Revenue had accepted the assessee’s scrap business in earlier and later years...
The Tribunal ruled that Section 68 does not distinguish between business advances and loans when unexplained credits...
Scammers are sending small deposits first, then pushing victims to approve larger transactions
The majority of households have neither planned their own estate nor discussed it meaningfully within the family.
Hidden charges and confusing exchange rates are major concerns for international travellers
UPI’s global footprint grows as Cambodia joins the list of countries accepting the payment system
Invested in a delayed project? The Earth Infrastructure case offers a cautionary tale
The Tribunal held that a penalty notice must clearly state the specific limb of Section 270A being...
The ITAT Jaipur held that deduction under Section 54F cannot be denied merely due to delay in...
Resident taxpayers holding foreign assets or financial interests may be required to file returns and disclose such...
The Tribunal held that generalized investigation reports cannot substitute for concrete evidence against an assessee. Since the...
The High Court set aside the Single Judge’s order and remitted the matter for fresh consideration following...
The Telangana High Court refused to quash a GST show cause notice, holding that the question whether...
The Supreme Court refused to interfere at the show cause notice stage, holding that the dispute should...
Karnataka AAR disposed of the application after the applicant informed that GST demand orders on the same...
Karnataka AAR disposed of the application after observing that a request for extension of the ITC availment...
The authority clarified that ITC cannot be claimed on amounts recovered from employees toward canteen facilities. Credit...
HP RERA says homeowners using flats cannot avoid maintenance dues but builders must justify charges
Travel creators with at least 10,000 followers can earn rewards based on content performance
A fraudulent transaction, billing error or forgotten payment? Quick reporting can help limit losses under RBI rules
Shift towards systematic monthly investing and guaranteed return plans is reshaping how younger and older Indians alike...
The Delhi High Court held that personal-use disallowance principles applicable to individuals cannot automatically apply to companies....
The High Court upheld the ITAT’s restriction of disallowance to 6% of alleged bogus purchases, holding that...
The ITAT Hyderabad held that no under-reporting of income existed where the income declared in the return...
The Delhi High Court held that RTI replies showing tax return filings and bank entries did not...
The Rajasthan High Court held that proceedings cannot be initiated against a person who has already expired....
The case involved simultaneous proceedings by Central and State GST authorities concerning the same tax period and...
The Allahabad High Court held that the impugned notice merely proposed a cess demand and did not...
The Court held that the non-obstante clause in Section 16(5) prevails over Section 16(4). Since the returns...
The Madras High Court held that a Section 74 order could remain in abeyance where a second...
The High Court held that portal-only service of a show cause notice after GST registration cancellation violated...
Recovery agent harassment: Your rights, RBI rules, and steps to take if loan collection turns abusive
Switzerland’s estimated top personal income tax rate currently sits at 39.7%, meaning a number of European nations...
West Bengal’s new scheme replaces Lakshmir Bhandar. Here’s who qualifies, how to apply and key rules
Seasonal jobs in European vineyards, greenhouses and farms are drawing attention as higher wages and lower living...
UPI payments, PAN requirements and advance tax rules see changes as several financial updates take effect
As flight fares rise, BOBCARD launches travel discounts and EMI offers across more platforms
Celebrity Couple Yash-Radhika Pandit Acquire Coastal Alibag Property in ₹24-Crore Deal
State Bank of India Vs ACIT (ITAT Mumbai) The Mumbai Bench of the Income Tax Appellate Tribunal...
The Mumbai ITAT found that the assessment order was passed without granting a reasonable opportunity to the...
The Tribunal sent the issue of deduction for political donations back to the Assessing Officer after finding...
The Tribunal held that AY 2010-11 was outside the permissible ten-year assessment block computable under Section 153A....
The Tribunal held that donations qualifying under Section 80G do not become ineligible merely because they are...
The Madras High Court held that suspension of GST registration through the impugned GST REG-17 notice was...
The High Court set aside the GST demand for fresh adjudication after finding that the authorities had...
The Court set aside the provisional attachment of bank accounts under Section 83 after the petitioner agreed...
The Court set aside a Section 73 order after finding a violation of natural justice. It held...
The Orissa High Court held that once the GST Appellate Tribunal became functional, the taxpayer should pursue...
Despite withdrawal of many tax benefits under Section 115BAC, official duty-related allowances remain exempt to the extent...
Tax auditors must now report all purchases and sales of unquoted shares under Clause 47 of Form...
The Tribunal held that a genuine and reasonable explanation for delay justified condonation of nearly three years....
The workbook provides structured annexures for balance confirmations, statutory dues, bank reconciliations, loan reporting, and comparative analysis,...
ITAT held that the assessee discharged the primary burden under Section 68 by producing complete documentary evidence...
The Supreme Court examined whether online gaming platforms offering skill-based games can be treated as suppliers of...
The GST law provides a limited window to rectify reporting errors relating to FY 2025-26. Timely corrections...
The Gujarat AAR held that Psyllium (Isabgol) Seeds procured from farmers and supplied without drying, freezing, or...
The Supreme Court stayed an Allahabad High Court judgment that held mere uploading of GST orders on...
The taxability of forest auctioned trees depends on whether they are intended to be cut and removed....
The ITAT dismissed the appeal after a rectification order under Section 154 granted the deduction under Section...
The ITAT held that deduction under Section 80P could not be disallowed through a unilateral adjustment under...
The reassessment was based on documents found during a search conducted on another person. The Tribunal held...
The Tribunal held that documents relating to the assessee were found during the search of another person....
The ITAT held that once an assessment order under Section 143(3) was passed, the earlier intimation under...
A genuine dealer can only be expected to prove his own purchase, receipt, and sale of goods....
The High Court held that filing appeals and adopting a legal position on behalf of a client...
The Court upheld the authority of DGGI officers to initiate and pursue proceedings under the CGST Act...
The Rajasthan GST AAAR held that advance ruling authorities cannot determine whether bags are biodegradable or compostable....
The case concerned a penalty order arising from alleged quantity discrepancies and missing supporting documents. The Supreme...
Foreign travel, cash deposits and property deals now face revised PAN rules, with stricter checks on high-value...
Supply Outpaces 2021 Baseline by 40%: Will Elevated Borrowing Costs Trigger an Inventory Glut?
Actor Sonakshi Sinha has leased out her luxury apartment in Mumbai’s upscale Bandra West locality to the...
Women are buying savings and term plans at earlier stage than men by, says digital insurance company
The Income Tax Act 2025 has merged old presumptive taxation provisions into a single Section 58 framework....
The ITAT Delhi held that the Assessing Officer travelled beyond the limited scrutiny mandate by examining a...
The ITAT Bangalore held that disallowance under Section 40(a)(i) could not survive once the recipient of the...
The Tribunal observed that taxpayers opting for presumptive taxation are not required to maintain books of account...
Delhi ITAT held that issues relating to source of donations and cash deposits should generally be examined...
Reverse Charge Mechanism under GST is increasingly becoming technology-driven with stricter GSTN validations, reconciliations, and ITC monitoring....
Allahabad High Court set aside a GST refund rejection after the taxpayer was unable to upload an...
GSTN has made the Ship To GSTIN field compulsory for all Bill-To/Ship-To e-Way Bill transactions from 15...
The Madhya Pradesh High Court refused to entertain the writ petition after finding that the appeal was...
The Calcutta High Court declined interim relief against a Section 74 GST notice involving classification of extrusion...
Here are the interest rates for various loan amounts across public and private sector banks, as well...
The Income Tax Department has enabled ITR-2 filing for AY27 as experts warn investors and NRIs against...
Fund review: Kotak Flexicap Fund
From crypto wallets to online accounts, lawyers say digital assets should now be part of estate planning
Victims may get a solution if they promptly alert banks and cybercrime authorities
Bookings open from 27-31 May 2026, offering up to 50% savings on domestic and international flights, along...
PSU Banks Beat Private Lenders on Car Loan Rates in 2026
The Bombay High Court held that recovery of tax demands could not continue when the department failed...
Chennai ITAT held that the enhanced leave encashment exemption limit of Rs.25 lakh under CBDT Notification No.31/2023...
Tribunal ruled that market value for captive power consumption must be based on the tariff charged to...
Delhi High Court held that even if the father may not qualify as a Class-I heir under...
ITAT Indore held that delayed filing of Form 10E due to Covid-19 related circumstances should not automatically...
The Calcutta High Court held that goods detained during transit must be released once the consignor complies...
The Madras High Court held that a GST assessment order issued after the death of the proprietor...
The Madras High Court set aside GST orders reversing ITC claims after noting the retrospective amendment extending...
The Bombay High Court held that cancellation of GST registration without granting an opportunity of personal hearing...
The Karnataka High Court held that the three-month period for filing a waiver application under Section 128A...
Indians Swiped 556 Million Times in a Month. Here’s What Changed
Fake RBI Emails Asking for ‘Crediting Fee’ Are Phishing Scams, Says Government
The Calcutta High Court refused to entertain the Income Tax Department’s appeal after finding that the Revenue...
The Tribunal ruled that deemed dividend provisions require evidence of withdrawal from a company in which the...
ITAT Delhi held that notional interest on business advances cannot be taxed without actual accrual or receipt...
The Tribunal observed that once the Revenue accepted sales arising from the same goods, it could not...
The ITAT Mumbai held that a reassessment notice cannot be treated as valid merely because it carried...
The Karnataka High Court held that retrospective insertion of Section 16(5) extends the timeline for claiming ITC...
The Allahabad High Court held the GST arrest illegal after finding that written grounds of arrest were...
The Court ruled that assessment proceedings cannot continue in the name of a deceased proprietor. Fresh notices,...
The Orissa High Court directed GST authorities to withdraw bank attachment notices after the taxpayer undertook to...
The Court permitted the petitioner to produce a clearer bill of lading in support of its IGST...
Court says tenants tried to pressure landlord by backing a builder with no valid redevelopment agreement
RBI has fixed the SGB 2021-22 Series-I redemption price at Rs 15,840, translating into gains of nearly...
Air India Flyers Can Now Redeem Points on Air India Express Routes Starting at 1,500 Points
Housing Sales Value Jumps 16% to ₹9.3 Lakh Crore Across 75 Indian Cities
At present, the social welfare department provides monthly financial assistance of Rs 2,500 under the ‘Subsistence Allowance/Financial...
ITAT Bangalore held that sale of 25 plots did not amount to an adventure in the nature...
The Tribunal held that joint ownership alone cannot restrict Section 54 deduction where the entire source of...
The Tribunal ruled that under-reported income must be calculated as the difference between assessed income and income...
The Tribunal deleted penalty under Section 271(1)(c) after substantially deleting the unexplained cash credit addition under Section...
The Tribunal observed that delays in completion of housing projects by builders cannot deprive a taxpayer of...
Courts have repeatedly held that bona fide purchasers cannot lose Input Tax Credit merely because suppliers failed...
The Allahabad High Court granted bail in a GST fake ITC case after noting that investigation was...
Karnataka High Court observed that the department wrongly construed the term “may” as mandatory while rejecting the...
The Supreme Court refused to interfere with the Kerala High Court judgment holding that challenges to GST...
The Madras High Court remitted the GST matter for fresh adjudication after the taxpayer agreed to deposit...
Mutual Funds vs NPS: The Inheritance Tax Difference Few Investors Understand
Godrej Samaris is an upcoming ultra-luxury development located on the last expansive land parcel of Golf Course...
Even with a valid Will, missing paperwork, nominee confusion and executor disputes can delay inheritance claims for...
‘Need to avoid volatility’, says regulator as it reviews investment options
Tier-II and Tier-III cities now account for 77% of all insured cars in the country
The Hyderabad ITAT ruled that the CIT(A) could not delete unexplained cash deposit additions merely on the...
The ITAT Ahmedabad held that co-operative banks qualify as co-operative societies for purposes of Section 80P(2)(d). The...
The Delhi High Court set aside an assessment order after finding that the Assessing Officer failed to...
The ITAT held that credits received in the assessee’s bank account were repayments of earlier advances and...
Tribunal ruled that income tax demands not included in the approved resolution plan were irrevocably extinguished. The...
High Court held that use of the word ‘shall’ in Section 129(3) does not by itself create...
The Karnataka High Court held that once confiscation orders are passed under Section 130 of the CGST/KGST...
The Court disposed of the petition after finding that assessment proceedings against legal representatives require mandatory compliance...
The High Court ruled that GST revocation applications may be filed manually if online filing difficulties arise....
The Gauhati High Court held that cancellation of GST registration without assigning specific reasons in the statutory...
AI-driven scrutiny and AIS integration are increasing Income Tax notices where property transactions occur below stamp duty...
This case highlights that cash paid to builders as “on-money” will not automatically be treated as tax...
The Tribunal accepted the assessee’s explanation that unspent cash withdrawn for labour and petty expenses was redeposited...
The article explains the complete evolution of buyback taxation in India, highlighting how tax liability shifted between...
The High Court held that disputes involving factual examination and merits under Section 74 of the CGST...
The Supreme Court stayed further proceedings arising from a Section 74 GST order while examining whether writ...
The article explains how simplifying GST laws, rationalising returns, and improving the GST portal can significantly reduce...
GST Refund Annexure-B Utility: Key Challenges, GSTR-2B Validation Rules, and Legal Safeguards Explained for Exporters and Tax...
Explore how AI is reshaping GST practice in 2026 through automation, GenAI, RAG tools and compliance workflows,...
Section 265 of the Income Tax Act, 2025 specifies who can legally verify an income tax return...
Tribunal observed that the Assessing Officer failed to establish any mismatch in stock, sales, or accounting records...
ITAT Hyderabad held that constituent members of a JV or Consortium can claim deduction under Section 80IA(4)...
The Tribunal found that full payment, TDS deduction, and transfer of possession established completion of the transaction...
ITAT Indore held that appellate order violated principles of natural justice after finding that key hearing notices...
The Gauhati High Court held that a Summary Show Cause Notice in Form GST DRC-01 cannot substitute...
The Kerala High Court held that although the earlier communication was not a Section 74 notice, the...
Overdrafts offer quick and flexible access to funds, while personal loans bring fixed EMIs and repayment certainty.
Bengaluru’s e-Khata portal may leave some revenue plot owners unable to secure loans, utility links or property...
Even though ITR forms are annexure-less, missing or mismatched records can still lead to notices or delay...
Harvard Leads the Billionaire Race – But India’s Mumbai University Makes the Top 10
DSP’s Message Amid Rupee Panic: This May Be the Time to Buy, Not Run
Senior citizens can still earn up to 8.3%, with small finance banks offering the highest rates
It may not smoothly transfer your overseas assets as foreign courts, taxes and probate rules can intervene,...
UP RERA Has Changed How Builders Can Use Your Money – Here’s What It Means
The Delhi High Court held that a reassessment notice without physical signature remains valid when the name...
Court upheld the validity of the Section 148 notice but set aside the assessment order after finding...
ITAT Delhi held reassessment orders invalid because the assessee was not supplied with the recorded reasons for...
Tribunal reiterated that credits brought forward from earlier financial years cannot ordinarily be taxed under Section 68...
The Supreme Court dismissed the challenge to a Delhi High Court ruling that quashed reassessment proceedings under...
The Court held that once the GST Appellate Tribunal became operational and timelines were extended, disputes should...
Allahabad High Court ruled that while authorities could verify documents during transit, absence of an e-Tax Invoice...
The Court directed the appellate authority to accept manual filing of Form GST APL-01 after the taxpayer...
The Finance Act, 2025 retrospectively amended Section 17(5)(d) of the CGST Act after the Supreme Court allowed...
The article explains the most common GST compliance errors leading to notices, ITC denial, and penalties in...
With private healthcare costs rising sharply, comprehensive health insurance and super top-up plans are becoming critical for...
Fund review: SBI Medium Duration Fund
From AI-led fraud alerts to tokenisation and biometrics, modern credit cards are adding stronger layers of payment...
Lenders are offering fixed deposit rates between 6% and 8.1% in May-end, with small finance banks leading...
Indian Tourists Are Chasing Luxury Perks Over Cheap Deals, Marriott Report Finds
They start saving at age 39, holding a median corpus of Rs 28 lakh against a goal...
Mutual Funds Are Replacing Gold and Real Estate in Indian Households
The Nagpur ITAT held that exemption under Section 54B requires evidence of active agricultural operations and not...
ITAT Mumbai Quashes Reassessment as Section 148 Notice Was Issued Beyond Surviving Limitation Period
ITAT Mumbai Quashes Reassessment as Section 148 Notice Was Issued Beyond Surviving Limitation Period
ITAT Mumbai held that the reassessment notice issued on 24.07.2022 was time-barred under the Supreme Court ruling...
The Andhra Pradesh High Court refused to quash summons issued under Section 131(1A) of the Income Tax...
The Ahmedabad ITAT held that goodwill arising from a High Court-approved amalgamation qualified as an intangible asset...
ITAT Delhi held that the amendment excluding goodwill from depreciation under Section 32(1)(ii) applies prospectively from 01.04.2021....
Article highlights how mechanical matching of GSTR-9 tables is leading to unjust GST demands and penalties against...
The Madhya Pradesh High Court dismissed a writ petition challenging GST registration cancellation after noting the availability...
The Karnataka High Court held that retrospective insertion of Section 16(5) of the CGST Act extended the...
The Court ruled that furnishing a bank guarantee equal to the alleged short-paid GST amount was adequate...
Supreme Court considered whether sales of natural gas transported from Andhra Pradesh to Uttar Pradesh constituted inter-State...
Consumers’ bills may reduce after court bars recovery of charges for facility doesn’t supply electricity
Experts say that failing to manage education loans responsibly can damage a student’s long-term creditworthiness at the...
India’s SIP Investors Have Picked Their Favourite Dip-Buying Funds
EPFO’s Big Digital Upgrade: Instant PF Access Through UPI and WhatsApp
While India’s youngest savers show a high appetite for equity risk, their overall participation in the pension...
Form 157 under the Income-tax Act, 2025 is not required for every person leaving India. The requirement...
ITAT Delhi held that Section 56(2)(x) could not be applied to property transactions relating to Assessment Year...
The ITAT Dehradun held that exemption under Section 54B cannot be denied merely for non-deposit in the...
ITAT Delhi held that lawful TDS credit cannot be denied merely because the Assessing Officer overlooked an...
The Supreme Court dismissed the Revenue’s challenge to the Bombay High Court ruling that quashed a Section...
The Bombay High Court held that GST deposited during investigation before adjudication could not be treated as...
The Calcutta High Court set aside cancellation of GST registration for non-filing of returns, observing that preventing...
GSTN has launched a standardized Annexure-B Offline Utility for refund applications involving accumulated ITC to enable automated...
This article explains the composition levy scheme under Section 10 of the CGST Act, including eligibility, tax...
Punjab and Haryana High Court granted regular bail to an accused linked to alleged fake GST billing...
UIDAI extends facility to ensure seamless KYC verification as digital identity integration continues to expand across financial...
New UAE tenant screening rules allow landlords to access renters’ credit reports with consent through UAE PASS...
HDFC Bank ties Regalia Gold lounge access to quarterly spending and revises reward points starting July 1.
New government is yet to announce the fitment factor, which will determine the actual jump in revised...
But while UPI dominates daily transactions, the report reveals another striking trend: debit cards are rapidly fading...
Under the new framework, subscribers will be able to withdraw a designated portion of their pension corpus...
The updated ITR-1 form for AY 2026-27 expands eligibility to taxpayers with up to two house properties...
The article explains the tax implications of domestic and international holidays under the Income Tax Act, 2025....
The ITAT Visakhapatnam reduced a penalty under Section 271(1)(b) from Rs.30,000 to Rs.10,000 after treating non-compliance with...
ITAT Indore held that Section 54 exemption cannot be denied merely for failure to deposit capital gains...
The Delhi ITAT held that opening balances of unsecured loans cannot be treated as unexplained cash credits...
The article explains how GST composition scheme, exemption rules, and time of supply provisions work in practice....
The GST Invoice Management System (IMS) promises stronger ITC reconciliation, fraud prevention, and invoice-level transparency. However, businesses...
The article examines how denying ITC to genuine buyers due to supplier tax default creates constitutional and...
This article discusses GST compliance for service providers eligible for the QRMP scheme up to ₹5 crore...
The Bombay High Court held that rejection of a manual GST appeal was unsustainable where DRC-07 was...
Even if a wife is earning, courts can still award maintenance if her income is not enough...
ITR-1 and ITR-4 filing begins: How choosing the wrong income tax return form can trigger notices and...
Incorrect Aadhaar, PAN or bank details on EPF records may affect online claims, transfers and KYC verification...
PFRDA’s new NPS retirement income scheme allows phased withdrawals while keeping pension corpus invested longer
Ashok Leyland Boost Helps Hinduja Family Retain UK Rich List Crown
Didn’t Know About Debit Card Insurance? This SBI Case Could Impact You
Sections 339 and 340 explain corpus and deemed corpus donations, investment conditions, and rules for religious place...
Calcutta High Court held that failure to investigate allocation of common head office expenses to eligible units...
The ITAT Ahmedabad held that reassessment under Section 147 was invalid because the Assessing Officer reopened the...
The Madras High Court quashed prosecution under Sections 276CC and 278B after finding that the petitioner had...
The Tribunal held that tax authorities cannot reject documentary evidence solely by labeling the explanation as an...
Gauhati High Court held that cancellation of GST registration without assigning reasons in FORM GST REG-19 was...
Bombay High Court held that GST proceedings initiated against a company that had ceased to exist after...
Bombay High Court observed that payments made while search proceedings are continuing may not automatically qualify as...
Comprehensive guide on TDS under Income Tax Act, 2025 covering new sections, payment codes, forms, due dates,...
The Mumbai ITAT held that the appellate authority failed to consider pending writ petitions and interim directions...
The ITAT Chennai held that exemption under Section 11 cannot be denied merely because Form 10B was...
The Supreme Court dismissed the Revenue’s challenge to depreciation claims on leased assets after the Bombay High...
The Madras High Court held that taxable income was not properly computed where deduction under Section 80IB...
The article discusses how GST authorities are increasingly reversing ITC based on upstream NGTP allegations without proving...
The article explains common objections raised during GST departmental audits under Section 65, including ITC mismatches, GSTR...
The article explains how rigid GST compliance and fear of penalties are pushing small businesses back into...
The new Invoice Management System (IMS) will introduce real-time invoice matching and automated ITC verification under GST....
The Kerala AAR held that advance ruling applications cannot be based on hypothetical scenarios or academic questions....
ITAT Deletes Bogus Purchase Addition as No Evidence Linked Assessee to Alleged Accommodation Entries
ITAT Deletes Bogus Purchase Addition as No Evidence Linked Assessee to Alleged Accommodation Entries
ITAT Ahmedabad held that reassessment under Section 147 was invalid as the Assessing Officer failed to show...
ITAT Chandigarh held that cash deposits during demonetization could not be treated as unexplained income since the...
ITAT Rajkot held that revision under section 263 was not sustainable where the Assessing Officer had already...
ITAT Grants Section 12AB Registration as Missing PAN Details Cannot Make Small Donations Non-Genuine
ITAT Grants Section 12AB Registration as Missing PAN Details Cannot Make Small Donations Non-Genuine
ITAT Nagpur held that nominal donations received in small amounts could not be treated as non-voluntary contributions...
The Delhi High Court held that reassessment proceedings under Section 148 were invalid where the Assessing Officer...
The Supreme Court issued notice in a case concerning whether reimbursement paid to a municipal corporation for...
The High Court held that investment-linked tax incentives under the 2012 industrial policy could continue unless specifically...
The High Court set aside a GST demand order after finding that the hearing notice was received...
Andhra Pradesh High Court held that a single GST assessment order covering multiple financial years violated Sections...
Uttarakhand High Court directed refund of GST deducted on sale of rejected wheat and paddy seeds after...
New framework allows phased pension withdrawals while keeping mandatory annuity rules unchanged
How parents can leverage government-backed compounding and Section 80C benefits while staying within annual deposit limits
UPRERA advises people to verify land title, complaints against builder and project progress before booking homes
This New Credit Card Targets Startup Founders Paying For Ads, SaaS And AI Tools
NPS retirees facing critical illness or holding older annuity plans with surrender clauses may now get an...
Bengaluru Leads India’s Rental Boom With 8.6% Quarterly Rent Spike
Ranbir Kapoor Bets On Ayodhya’s Fast-Rising Spiritual Real Estate Market
The Tribunal quashed the assessment after finding that the statutory conditions under Section 153C were not properly...
Mumbai ITAT observed that assessable value under customs law may differ from invoice value and such variation...
Court held that there was no direct or indirect connection between the assessee and the handwritten inquiry...
The article explains why advertisement expenses for brand building remain deductible under Section 37. Courts have consistently...
The article explains how procedural lapses in trust registration renewal can activate Section 115TD and impose heavy...
The Court observed that allegations of fraud, willful misstatement, and suppression must contain clear particulars enabling effective...
Court ruled that differing interpretations on classification of services as OIDAR cannot automatically justify invocation of Section...
The article highlights how Central GST enforcement practices such as repeated summons, searches, and arrests resemble old...
The article examines whether ITC on solar power generating plants is available when electricity is used captively...
Taxpayers filing GST refunds under the new Annexure-B utility are encountering duplicate data and “JSON has no...
Fund review: Kotak Large & Midcap Fund
‘The older and cleaner the card, the greater the cost’: Why credit card closures can backfire
Investors get best returns in shorter tenures as small finance banks keep rates above 8%
Senior citizens are continuing to find the highest FD returns at small finance banks, particularly for tenures...
Air India Cuts International Flights To US, Europe, Australia Amid Rising Costs
Max Estates has launched The Terraces, its newest residential offering within Estate 361 in Sector 36A, Dwarka...
EPFO will soon automate the process for settling final provident fund withdrawal claims, fast-tracking the money transfer...
No FIR, No Charges, Yet Account Frozen: Delhi HC Questions Banking Crackdowns
Mumbai ITAT held that additions for alleged accommodation entries and commission income cannot be sustained solely on...
Bombay High Court held that delay in filing Form No. 10 for claiming accumulation under Section 11(2)...
The ITAT Amritsar reduced additions on unexplained cash deposits after considering that the assessee and his wife...
The ITAT Amritsar remanded a case involving denial of section 54B exemption where the assessee relied on...
KSCAA requested the CBDT to release e-filing utilities and schemas for AY 2026-27 without delay, stating that...
This analysis examines how GST transformed India’s indirect tax regime while continuing to face compliance, technological, and...
Bombay High Court held that GST registration cannot be cancelled without proper hearing and a reasoned order....
GSTAT upheld anti-profiteering findings after the developer accepted the DGAP report concerning ITC benefits in a housing...
The article argues that Section 76 of the CGST Act provides a complete recovery mechanism against defaulting...
This article explains the legal framework governing e-invoicing under GST, including turnover thresholds, IRN requirements and sector-wise...
The revised form requires stricter disclosure, turnover matching and reconciliation across trading records.
Supporting The Leela’s expansion from 15 to 24 hotels over the next three years, the initiative will...
UIDAI updates regulations to simplify Aadhaar access for children and vulnerable groups while expanding the list of...
Department moves to automated refunds as the 2025 Act prioritises simplified compliance and reduced litigation
From Zara To Foot Locker, Global Brands Drive India’s Premium Mall Boom
Court rules that EPFO cannot deny higher pension benefits where contributions were made on actual salary basis
India’s new PAN compliance framework introduces stricter documentation and verification requirements for NRIs and foreign entities. The...
The Delhi High Court held that additional documents already referred to in a criminal complaint can be...
The Delhi High Court held that shareholders of a foreign company cannot be taxed on the company’s...
The article explains how gems and jewellery businesses must distinguish compliances governed by the Income-tax Act, 1961...
ITAT Mumbai held that addition under Section 69A could not survive when based solely on a third-party...
Taxpayers and professionals are facing major technical issues while uploading Annexure-B JSON files for GST refunds. Common...
GSTN has replaced manual Annexure-B filing with a JSON-based automated validation utility linked directly to Form RFD-01....
The article explains when businesses must file a GST Nil Return despite having no sales, purchases, or...
The Andhra Pradesh High Court held that Customs authorities are responsible for levy and assessment of IGST...
Karnataka High Court held that consolidated show cause notices under Sections 73 and 74 of the CGST...
Experts say the new FY26 income tax forms aim to make tax reporting more data-driven while tightening...
A customer in Bengaluru spent Rs 112,459 on Swiggy Dineout- single highest billing in the country on...
India’s HNIs Are No Longer Just Writing Cheques – They’re Building Philanthropy Portfolios
Retrospective increase will raise monthly payouts for railway pensioners and family pensioners from January 1, 2026.
Higher rate can improve returns on emergency funds but customers should consider other features of a saving...
Manipal Health Enterprises Limited has bought the remaining portion of the Khubchandani Hospital property in Andheri, Mumbai...
Luxury builder floors in some of South Delhi’s most sought-after colonies have recorded price increases of up...
The Patna ITAT upheld rejection of a trust’s Section 12AB registration after finding that the trust deed...
The High Court held that documents received through official international channels carry presumption of genuineness but must...
ITAT Delhi held that Section 69A could not be invoked where the Assessing Officer himself accepted that...
The Mumbai ITAT held that exemption under Section 54F has to be given effect before applying set-off...
The Supreme Court dismissed the challenge to a Bombay High Court order condoning delay in filing Form...
The Madras High Court set aside a Section 74 GST assessment order involving mismatch between GSTR-1, GSTR-3B,...
The Calcutta High Court directed GSTN authorities to carry out backend changes after the GST portal failed...
The Telangana High Court held that time spent pursuing a rectification application and writ proceedings may be...
The Bombay High Court set aside GST adjudication orders after finding that no personal hearing was granted...
The Authority observed that the core element of the transaction was the grant of a non-exclusive right...
Experts say tenants can challenge unfair rental deposit deductions through legal notices, rent authorities and civil courts
Gold Buying Could Hurt the Rupee: Why Modi Issued an Unusual Appeal to Indians
From Offices to Suburbs: How Modi’s Work-From-Home Appeal May Impact Real Estate
Women above 35 now account for 18% of maternity claim costs as childbirth expenses rise sharply across...
PM Modi’s Gold Warning Explained: How Buying Jewellery Could Hurt the Rupee
Under the Income Tax Act, 2025, Form 26AS has been replaced by Form 168, though many still...
An analysis of capital and revenue receipts under tax law, explaining classification, taxability, judicial tests, and key...
This blog explains the concept of TDS and Advance Tax in a simple and practical manner along...
Avoid common AY 2026-27 ITR filing errors, including deadline confusion, capital gains mistakes, AIS mismatches, and missed...
ITAT Delhi upheld deletion of disallowance under Section 40A(3) after finding that payments were made to multiple...
ITAT Delhi confirmed deletion of addition on alleged diversion of interest-bearing funds, holding that hypothetical or notional...
An analysis of GST in India covering its structure, constitutional framework, achievements, compliance issues, and challenges in...
Scenario-wise analysis of GST on business canteen services covering ITC, employee recovery, contractor supply, and statutory obligations...
The Andhra Pradesh High Court held that a composite GST assessment order covering multiple financial years violated...
Fayaj Infratech Private Limited Vs Joint Commissioner (Appeal) (Orissa High Court) In this case before the Orissa...
The High Court distinguished contracts of other government departments that contained clauses for reimbursement of new taxes...
ITAT Indore set aside the appellate order denying TDS credit after the assessee produced Form 16A and...
The ITAT Ahmedabad held that a demolished and uninhabitable structure could not be treated as a residential...
The ITAT Mumbai ruled that income earned by a securitisation trust created under the SARFAESI Act was...
The ITAT Indore held that Section 50C could not be invoked where the difference between actual sale...
The ITAT Ahmedabad held that Form 10-IE filed along with the return could not be ignored merely...
The article explains how buyers can lose Input Tax Credit even after paying suppliers on time if...
The article explains that architectural, accommodation, and related immovable property services are governed by Section 12(3) of...
The Delhi High Court set aside a GST demand order after finding that the taxpayer was given...
The High Court directed the Appellate Authority to examine the taxpayer’s request to treat an earlier court-ordered...
The Bombay High Court held that State GST authorities could not initiate parallel proceedings and attach bank...
DCIT-CC-8(4) Vs Offbeat Developers Private Limited (ITAT Mumbai) The Mumbai Income Tax Appellate Tribunal examined Revenue appeals...
Pune ITAT held that accounting reclassification entries and journal adjustments require proper verification before being treated as...
Pune ITAT held that penalty for under-reporting of income cannot survive where the Assessing Officer accepts the...
Madras High Court held that a reference to the District Valuation Officer was valid because the Assessing...
ITAT Mumbai held that prolonged non-payment of interest and repeated amendments to loan agreements justified benchmarking AE...
The article examines whether income tax, GST, and capital gains taxation are placing excessive pressure on hardworking...
The article explains how Rule 14A promises GST registration within three days but may create serious compliance...
Madras High Court directed authorities to defer GST proceedings relating to royalty and seigniorage fees for quarrying...
The High Court held that the State could not continue GST proceedings or block ITC after failing...
The Bombay High Court held that corporate guarantees issued without any fee, commission, or consideration cannot be...
Travellers shift toward short-haul Asian destinations and many skip UAE amid West Asia conflict
Court says woman cannot claim ownership as registered sale deed in brother’s favour was never challenged
A contrarian strategy is an investing style which typically invests against prevailing market trends.
State govt employees have until Dec 31 to opt for revised pension scheme guaranteeing assured payout
Arbaaz Khan had originally purchased the apartment from Runwal Group in May 2015 for ₹3.38 crore
With 48 teams, 104 matches, and an expected 6.5 million in-stadium attendees, the tournament hosted by the...
Mahendra Singh Dhoni was the highest individual taxpayer across Bihar and Jharkhand during the financial year 2025-26,...
DCIT Vs Shikha Indrakumar Agrawal (ITAT Nagpur) The Nagpur Bench of the Income Tax Appellate Tribunal dismissed...
The Tribunal held that unrecovered advances made in the ordinary course of business can be allowed as...
The Tribunal found that the assessee had furnished agricultural sale bills, revenue records, and bank details supporting...
The Delhi High Court held that CBDT Circular dated 18.11.2024 clearly prescribed a maximum period of three...
The Gujarat High Court upheld the ITAT order restricting disallowance on alleged bogus purchases to 6% instead...
Jageswar Saw Vs Deputy Commissioner of Revenue (Calcutta High Court) The Calcutta High Court dismissed an appeal...
The Central Government has authorized the GSTAT Principal Bench, New Delhi, to hear appeals under Section 101B...
The Telangana High Court granted pre-arrest bail in a ₹97.25 crore GST ITC case after observing that...
Rule 14A introduces a fast-track GST registration process for small taxpayers with limited B2B tax liability. The...
The Supreme Court affirmed that continuous non-filing of GSTR-3B despite issuing invoices and collecting GST amounts to...
Karnataka HC says fire safety cannot take a backseat, ordering demolition of illegal construction by builder in...
Customised term insurance plans can help women secure their family’s financial future while offering protection, flexibility and...
Fund review: ICICI Prudential Medium Term Bond
New NPS Sanchay scheme aims to make retirement saving easier for informal sector workers; key rules explained
Regulator slashes apartment-inheritance fees to Rs 1,000, ending arbitrary charges imposed by developers
Luxury Hotels, Bali Trips, IPL Travel: How Indians Vacationed Differently This Summer
DIIs Now Own More Indian Equities Than FIIs Across Nifty 50 and Nifty 500
Free Airport Lounge Access? AU SFB’s New Credit Cards Aim at Young Consumers
73% GCC NRIs Increase Exposure to Indian Equities as Real Estate Sees Structural Exit
The article explains how equity mutual funds, PMS, and AIFs are taxed compared to Fixed Deposits under...
The ITAT Mumbai set aside the CIT(A) order after finding that crucial survey findings and Tally data...
The Income Tax Act, 2025 replaces Sections 44AD, 44ADA, and 44AE with a unified Section 58 framework....
Rule 46(8) of the Income-tax Rules, 2026 requires businesses maintaining electronic books to create daily backups on...
CBDT’s 2026 amendment strengthens grandfathering protection for investments made before the commencement of GAAR. The clarification addresses...
The Bombay High Court held that GST proceedings initiated against a company that ceased to exist after...
The High Court observed that filing GST returns is the statutory mechanism for disclosing tax liability. Failure...
GSTAT held that the builder failed to uniformly pass on additional GST input tax credit benefits to...
The Andhra Pradesh High Court held that failure to file monthly GSTR-3B returns can amount to suppression...
The article explains the legal distinction between ITC reversal on opting for composition and tax liability on...
Top court clarifies patients can pursue claims against a deceased doctor’s heirs, with liability capped at inherited...
Households face a double blow of rising import costs and increased expenses for foreign travel and education
FIIs Lose Ground Across Sectors as DIIs Expand in 21 of 24 Segments
For Rs 10 crore, the report mentioned that 6,210 sq ft area is available to a buyer...
Passive fund offers exposure to exchanges, brokers and AMCs riding India’s market growth
The Tribunal held that notice under Section 148 was invalid as it was issued by an officer...
The Tribunal found that the transfer pricing adjustment was incorrectly computed using SEB sale rates. It allowed...
The issue involved estimation of income based solely on bank credits without supporting verification. The Tribunal remanded...
The court held that only the income component of alleged bogus purchases can be taxed, not the...
The tribunal held that interest cannot be disallowed where advances to related parties are made for business...
This case explains how foreign digital services like hosting fall under OIDAR and become taxable imports under...
This case explains how GST law overrides mutuality by treating associations and members as distinct taxable persons....
The court held that initiating proceedings under the penalty provision for alleged excess stock discovered during a...
The Court examined whether Section 130 could be used when discrepancies were found during a GST survey....
The Court examined whether confiscation proceedings under Section 130 were valid for alleged excess stock found during...
Fine print explained on permanency, pay parity and what workers can realistically claim
Sector witnessed the acquisition of ~6,025 acres of land for greenfield developments between 2024-Q1 2026, with capital...
Maximise your 2026 credit card returns by mastering techniques that turn routine spend into high-value rewards
New tax rules mandate PAN for major post office transactions, including account openings, deposits and withdrawals
New framework clarifies refunds, delays, baggage claims and what passengers can expect as rights during disruptions
The share of individual investors (retail and High Net Worth Individual (HNI) combined) in companies listed on...
From Vault to Demat: NSE Converts Gold into Tradable Digital Assets
Bombay Realty Bets Big on Dadar with Ultra-Luxury THREE ICC Tower
The relocation did not lead to structural enhancement of business assets. The Tribunal ruled that such expenses...
The Tribunal accepted the delay caused by representative’s illness as sufficient reason and admitted the appeal. It...
The case addresses the continued failure to release ITR utilities on time despite earlier court directions. The...
The Tribunal relied on Supreme Court precedent to hold that interest on tax arrears is compensatory, not...
The Tribunal held that excess stock found during survey had direct nexus with business operations. It ruled...
Persistent technical issues prevented users from accessing the portal and completing filings. The representation seeks urgent fixes...
The dispute concerned whether the two-year limit under Section 54 is mandatory. The Court ruled it is...
The case examined if income details could be disclosed under RTI during a matrimonial dispute. The Court...
POS rules under the IGST Act determine whether services fall under IGST or CGST+SGST in tokenized real...
GST registration was cancelled for non-filing of returns for six months and appeal was time-barred. The court...
Withdrawing PF soon? A new Form 121 rule may quietly cut payouts if missed, even when your...
Foreign capital enters insurance: What it could mean for premiums, claims, and policyholder protection
LPG costs rise, MF overhaul, tax rules tighten, banking and card norms changes across India
Court says RTI cannot be used to access spouse income, points to legal route for maintenance disputes...
The issue involved additions based on alleged bogus purchases without VAT payment. The Tribunal remanded the matter...
The Tribunal upheld TDS liability where tax was deducted only on part of the property value. It...
The Tribunal held that activities linked to micro-credit and welfare schemes do not negate charitable status in...
Tribunal held that non-compliance with earlier appellate directions requires fresh adjudication. Key takeaway: appellate authorities must follow...
The Tribunal ruled that exemption under Section 11(2) should not be denied solely due to delayed filing...
The issue involved denial of ITC without evaluating submitted documents. The Court directed authorities to reconsider objections...
The issue involved alleged cyber fraud where funds were credited to the petitioner’s account. The Court granted...
The court declined to decide intermediary classification and directed the petitioner to pursue remedies before the appellate...
The Court held that the amendment to Rule 89(5) is clarificatory and applies retrospectively to earlier refund...
The new law keeps depreciation methods unchanged for continuity. However, it broadens tax scope by including assets...
The new law restructures TDS provisions into Sections 392, 393, and 394, altering compliance procedures. Correct selection...
Dealer incentives like tour packages are taxable as business income under the new law. If TDS is...
The issue was deletion of additions on unsecured loans treated as unexplained cash credits. The tribunal upheld...
The new law defines strict conditions for reopening assessments using specified information categories. It ensures transparency and...
The issue concerns denial of ITC to bona fide buyers based solely on supplier tagging and analytics....
The issue was whether arbitral award damages and settlement terms constitute “supply” under GST law. The Court...
The authority held that arranging transport for employees is a welfare activity, not a business supply. Nominal...
The issue concerned GST liability on electricity supplied through a solar power plant. The AAR held that...
The issue involved classification of a fan drive assembly used in vehicle cooling systems. The AAR held...
The Finance Act, 2024 has inserted a new section, 194T, for TDS deduction by partnership firms/Limited Liability...
The framework outlines mandatory disclosures and timelines for opting into safe harbour. Key takeaway: strict compliance is...
The new form consolidates multiple income disclosures into one, enabling accurate TDS deduction. Key takeaway: unified reporting...
Court held that penalty under Section 270A cannot apply where assessed income does not exceed processed income....
The Tribunal held that the assessee had adequately explained the source of cash deposits with supporting evidence....
April 2026 GST rulings addressed SCNs, limitation, refunds, registration cancellation, recovery, and natural justice in tax proceedings....
Standard accounting systems miscalculate the 180-day deadline, leading to ITC reversals and interest. Accurate invoice-based tracking is...
Highlights that system-based NGTP tagging cannot replace proper verification before denying ITC. Key takeaway: factual investigation is...
The High Court allowed delay in filing GST appeal due to repeated family bereavements beyond the taxpayer’s...
Explains mandatory pre-deposit requirements under GST law and how compliance ensures automatic stay on recovery. Key takeaway:...
As weekend work creep intensifies, we explain the laws for pay and compensatory leave – and the...
Regulator aligns Tier II with Tier I rates, brings in costs for dormant accounts and multi-scheme holdings...
It signals wider worker insurance cover, better reporting and faster digital policy access across sectors in India,...
Dhan’s Gold Vault allows investors to buy MCX-linked gold and silver, opt for physical delivery
Apartment prices rose across top cities in Q1 2026, with demand lagging new launches and premium homes...
ITAT Delhi held that companies owning and operating channels cannot be compared with distribution company for the...
The scheme allows households to deposit gold and earn interest without selling it. The key takeaway is...
The Tribunal examined disallowance made for delayed employee contributions under Section 143(1). It held that debatable issues...
The issue involved validity of penalty proceedings initiated through an unsigned notice. The Tribunal ruled that such...
The case examined whether property registered in trustees’ names violated Section 13(1)(c). The Tribunal held no violation...
Madras High Court held that use of visual identifiers on packaging like fonts, symbols, colours, etc. establishes...
Special Timeline for Backlog / Old GSTAT Appeals: Legal Position, Practical Impact & Filing Strategy
Special Timeline for Backlog / Old GSTAT Appeals: Legal Position, Practical Impact & Filing Strategy
The issue covers the special timeline for filing delayed GSTAT appeals due to earlier tribunal non-functionality. The...
The Court examined whether employees could be penalised under Section 122(1A) for company-level GST violations. It held...
Authorities uncovered fraudulent ITC claims based on fake invoices without actual supply of goods or services. The...
If you are a conservative investor who invests primarily in bank fixed deposits but wants to boost...
Legal experts say that while the incident highlights the emotional friction in death claims, strict banking protocols...
Fund review: Franklin India Mid Cap Fund
According to the RBI, banks will stay closed for 12 days out of the 31 days in...
Holidays take precedence over pensions, marking growing tension between lifestyle and long-term security goals
Small finance banks and NBFCs are leading the rate cycle, while PSU banks remain steady
Small finance banks and NBFCs outpace major retail banks to attract retirement savings with premium interest offerings
Gold Over Stocks? ₹99,000 Crore Flows into Commodity ETFs in FY26
The portal, E-PRAAPTI, will provide a streamlined Aadhaar-based authentication mechanism that will enable a member to access...
A detailed order from a Jammu & Kashmir consumer court has laid out exactly how a routine...
ITAT Mumbai held that payments made to third-party vendors on a cost-to-cost basis, without any value addition...
The Tribunal held that consolidated Excel entries showing aggregate cash sales were insufficient to establish receipt of...
The Tribunal deleted purchase disallowances after noting invoices, transport records, weighbridge slips, tax returns and bank payments...
The issue was whether a share transfer without consideration constituted taxable capital gains. The Tribunal held that...
The Tribunal held that since the Assessing Officer made no addition after verifying disclosures, the grievance lacked...
Avanti Feeds Limited Vs Deputy Commissioner of State Tax (Andhra Pradesh High Court) The writ petition before...
High Court held that receipts reflected in Form 26AS cannot automatically be treated as taxable services. Tax...
The Court held that taxes paid under GST must be reimbursed under contractual terms. The key takeaway...
The issue highlights illegal confiscation of goods under Section 130 without evidence of tax evasion. The key...
The issue was whether an Assistant Commissioner was competent to pass a GST demand order. The Court...
EPF TDS exemption moves to Form 121, allowing simpler filing process but with stricter data checks and...
Small businesses and freelancers opting for presumptive taxation must now declare fixed deposits, equity, mutual fund holdings
71% of pre-owned luxury watch retailers surveyed reported being approached several times a week with watches believed...
Automated mechanism replaces manual bill submissions with direct bank credits, ensuring seamless quarterly payments for beneficiaries
AI Boom Fuels Record $330 Billion Venture Capital Surge in Q1 2026
Easy Money Trap: NSE Warns Investors Against Telegram and WhatsApp Trading Schemes
The issue is the replacement of Form 30C under the new tax regime. The update introduces Form...
The issue is understanding complex NPS rules, tax benefits, and recent updates. The framework clarifies withdrawal flexibility,...
The issue was the complex and scattered TDS/TCS provisions under the old law. The new Act consolidates...
The issue is complexity and duplication in old tax forms. The new system simplifies compliance through consolidation...
The case examined whether interest earned from co-operative banks qualifies for deduction under Section 80P(2)(d). The Tribunal...
The issue is whether interest on GST refunds should start from a fresh application after appeal. Courts...
The issue is denial of appeal due to NIL demand orders despite disputed liability. The key takeaway...
The article explains how GST refunds are calculated under IDS using Rule 89(5). It clarifies that only...
The issue involved challenge to a GST demand order where appeal was delayed. The Court allowed filing...
The issue was whether buyback of shares attracts GST. It was held that since shares are securities...
With sovereign backing and Section 80C benefits, the scheme remains a primary choice for risk-averse investors
While GIFT City simplifies international diversification, investors must still navigate the $250,000 annual LRS limit and its...
Users can authenticate transactions using their fingerprint or Face ID on supporting Android and iOS devices, eliminating...
From ₹10 Lakh Earners to ₹6 Lakh Monthly Spenders: Inside India’s Affluent Explosion
Unstop Talent Report 2026 highlights a widening gap between opportunity and access, salary reality check for freshers,...
Equities, Gold, REITs: Where the Smart Money Is Flowing in 2026
The issue was whether compensation paid to flat buyers was capital or revenue expenditure. The Court held...
The issue was whether third-party diaries using code “DD” can justify 153C action. ITAT held that without...
The Tribunal held that complete disallowance was excessive despite lack of full documentation. It allowed 50% deduction...
The Tribunal held that cash disclosed in earlier returns can explain seized cash. It restricted addition to...
The Tribunal invalidated reopening as the AO obtained approval from the wrong authority. It held that compliance...
The issue concerns vague GST cancellation notices lacking facts. Courts held that absence of details violates natural...
Taxpayers were unable to file appeals when demand orders reflected zero liability despite disputes. The advisory clarifies...
The case examines whether stranded compensation cess credit due to GST reform must be refunded or lapsed,...
This explains the constitutional boundary between property tax and GST on land-related activities. The key takeaway is...
This compares opposing judicial views on GST notifications extending time limits. The key takeaway is that validity...
Flexi-cap vs large & mid-cap funds: where diversification ends and overlap begins, and how investors can balance...
Co-owned property exit? Experts explain why selling your share rarely brings a clean break and disputes often...
NCR saw the highest supply share by listed and Grade A companies with a whopping 66% out...
Viral post of ₹6 cr London home with backyard revives debate on India’s costly flats and space...
nternational travellers can browse and pre-book duty-free products online on MakeMyTrip before departure or arrival at Adani-managed...
Why Everyone With Money Is Buying in Places You’ve Never Heard Of
Playback singer Shreya Ghoshal, along with family members, has purchased a premium apartment in Mumbai’s Santacruz West...
The court examined whether delay in Form 10B filing could be condoned but found the authority rejected...
The issue involved classification of land for capital gains taxation. The Court held that revenue records and...
The Court held that reassessment cannot be initiated on issues already examined during scrutiny assessment. It ruled...
The case involved addition on account of unexplained foreign remittances. The Tribunal held that failure to examine...
The case deals with rejection of a delayed tax appeal due to insufficient explanation. The Court upheld...
The Court dismissed the petition after finding that the petitioner failed to establish a clear connection with...
The Court ruled that cotton seed oil cake qualifies as cattle feed and is exempt from GST....
The case examined validity of a GST demand passed without hearing the taxpayer. The Court held that...
The Court held that where an assessment is passed ex parte, fairness requires giving the taxpayer a...
The Court set aside a GST demand order after finding that authorities failed to consider the taxpayer’s...
The tribunal permitted set-off of interest paid against interest earned, finding both were intrinsically linked to business...
The new law introduces audit requirements for businesses declaring profits below presumptive rates. It removes the earlier...
The Tribunal examined whether reassessment notices issued by a jurisdictional officer instead of a faceless authority were...
The Tribunal held reassessment invalid as the alleged escaped income did not exceed ₹50 lakh required for...
The issue was estimation of commission income from alleged accommodation entries. The tribunal held that addition should...
The issue involved challenge to provisional attachment under Section 83 of the CGST Act. The Court refused...
The Court held that cancellation based on grounds not mentioned in the show cause notice violates natural...
The court ruled that cancellation was unsustainable where authorities ignored documents and passed non-speaking orders. It emphasized...
This article explains why GST registration is not limited to turnover thresholds. It highlights transaction-based triggers that...
The article highlights how aggressive GST actions impact genuine businesses. The key takeaway is the need for...
The Tribunal noted that statements relied upon were later retracted and lacked corroboration. It held that such...
Reassessment Quashed for Lack of Jurisdiction – AO Became Functus Officio After Section 127 Transfer
Reassessment Quashed for Lack of Jurisdiction – AO Became Functus Officio After Section 127 Transfer
The issue was whether reassessment initiated by a non-jurisdictional AO is valid. The tribunal held that proceedings...
The Tribunal noted that loans were part of regular business transactions with repayments in the same year....
The issue was whether entire purchases can be disallowed as bogus under Section 69C. The tribunal held...
Consistency over technicalities: ITAT Mumbai allowed actuarial pension provision as an ascertained liability, rejected mechanical disallowances, and...
The Court ruled that ITC on GIDC charges is allowable where no construction is involved. It also...
The court held that an adjudication order passed without considering the taxpayer’s reply is unsustainable. It remitted...
The Court held that a single show cause notice covering multiple assessment years is not legally sustainable....
The ruling highlights that ignoring a taxpayer’s additional reply and request for hearing renders the order unsustainable....
The court held that the revised 18% GST rate is applicable, but deferred recovery of the 6%...
Court’s order means the social security body must independently verify retirement claims using all available evidence rather...
With VPC it will be easier to get bank loans and time frame for inheritance procedures and...
Actively managed multicap fund will be overseen by an in-house investment team and features a mandatory five-year...
Retirement scheme offers guaranteed monthly payouts and family security for those in the unorganised sector Retirement scheme...
Beyond mere credit access, selection requires matching specific spending habits with segmented rewards to maximise actual value
It will also set up a digital cess portal to streamline welfare delivery and eliminate ghost beneficiaries
Health insurance isn’t enough: The hidden costs of caring for ageing parents decoded
Enforcement Directorate raids across Haryana and Punjab as probe tracks forged FDs, fake accounts and diversion of...
A home price index compiled by ValuStrat fell 5.9% in March from a month earlier, with valuations...
₹38 Crore Deal: SRK’s Manager Pooja Gurnani, Family Buy 3 Carter Road Flats
Billionaire Boom Spreads Worldwide, India Among Top Growth Markets
The case examined whether reassessment approval beyond three years was issued by the competent authority. The court...
The case examined whether interest earned on temporarily parked funds is taxable. The court held that funds...
The Tribunal held that reassessment proceedings were invalid as approval was taken from the wrong authority beyond...
The issue is whether high-income earners can reduce tax liability under the old regime. The analysis shows...
The court examined whether interest on FDRs could be taxed as other income. It held that where...
The comparison shows how large-scale frauds go undetected for years while professionals face immediate coercive action. Courts...
The law prohibits all real-money online games regardless of skill, marking a major shift from earlier legal...
The ruling held that concessional GST rate applies only if bags qualify as biodegradable under the notification....
The issue was whether online coaching qualifies as OIDAR services. The ruling held it does not, as...
The issue involves technical failures in the Professional Tax portal preventing payments. A request has been made...
With cancer treatment costs rising, insurers are offering specialised plans that provide staged payouts, long-term financial protection...
Taxpayers can mitigate the financial impact of delayed salary arrears by using the new Form 39 to...
$ 1mn can buy 96 sq m in Mumbai, 205 sq m in Delhi and 357 sq...
With markets volatile, senior citizens are turning to fixed deposits. Here’s a bank-wise look at FD rates...
Big Winners, Bigger Losers: Inside Luxury’s Uneven Comeback
Fund review: Kotak Midcap Fund
Ruling clarifies that child welfare remains paramount, effectively narrowing the legal loopholes used to avoid maintenance payments
Indian Wealth Goes Global as UHNW Population Set to Hit 734,000 by 2030
India will be home to 8% of global billionaire population by 2031
A significant disconnect exists between the financial aspirations and actual coverage of young Indians, it says
ITAT Delhi held that revisionary proceedings under 263 of the Income Tax Act justifiable since related-party expenses...
The article explains how IRS audits are initiated and conducted to verify tax return accuracy. It highlights...
The Tribunal held that failure to issue a jurisdictional transfer order under Section 127 invalidates the assessment....
The court examined whether an advocate involved in filing GST returns for fake entities should remain in...
The GST portal launches an Excel-based IMS Offline Tool to help taxpayers efficiently manage and process invoices....
Madras High Court held that section 76 of the Central Goods and Services Tax Act, 2017 are...
Why property transfer from father to son needs more than a name change
Estimated capital requirement of more than Rs 92000 crore + to construct on the land acquired in...
Over 5 lakh women now use Delhi’s pink smart card, showing how free bus travel is easing...
Chennai Metro moves to one-card system; what commuters must do to access and use remaining balance
Credit card fraud can strike anytime; here’s how to act fast, secure your card, report the issue,...
Recurring payments up to ₹15,000 will no longer require OTP every time.
Auto-Debits Up to ₹15,000 Without OTP; ₹1 Lakh for SIPs, Insurance: RBI
Travel documents such as boarding passes or flight tickets Similarly, if checked-in baggage is lost, the airline...
Developers, REITs Drive Record $5.1 Billion Realty Inflows in Q1
The Supreme Court declined to condone delay, thereby upholding the High Court’s conclusion that the liaison office...
The judgment confirms that income from offshore equipment supply is not taxable where transactions occur outside India....
The Tribunal held that lack of awareness of the assessment order and limited knowledge of tax law...
The Tribunal confirmed addition of unexplained investments where the assessee could not substantiate the source of deposits....
The Tribunal held that wage arrears arising from pay revision constitute an accrued liability from the effective...
CBIC extends due date for filing March 2026 GSTR-3B to April 21, 2026, for registered persons under...
The increasing use of AI in GST is leading to automated mismatch alerts and notices based on...
IPL franchises have contested the 40% GST rate, arguing it wrongly classifies matches as entertainment instead of...
Considering the duration of custody and the likely delay in trial, the Court found continued detention unnecessary....
Explains that vague show cause notices lacking details of suppression violate legal principles. Highlights that extended limitation...
Don’t wait till possession: Parking checks that can save money, avoid disputes, and prevent costly surprises later
It aims to finally give flat owners a direct, recorded share in the land beneath their building,...
A step-by-step guide to verifying title, loans and lender clearances before signing a property deal, backed by...
Public provident fund for children explained: Account opening, Rs 1.5 lakh limit, tax benefits, withdrawal rules decoded
From ₹34,000 hospital bills to rising lifestyle diseases, NSS data shows healthcare is now a core money...
New AI chatbot ‘ABHAY’ aims to protect citizens-especially seniors-from rising digital arrest scams
Earlier, individual investors were required to commit at least ₹2 lakh to participate in social impact funds...
The Tribunal held that receipts from sponsorship and royalty were incidental to the promotion of sports. It...
The Tribunal addressed disallowance arising from mismatch between ITR and tax audit report. It held that inadvertent...
The case involved additions for unexplained bank deposits where the assessee later produced authenticated NRE account evidence....
The Court dismissed the SLP due to a 390-day delay and absence of valid grounds. The ruling...
The High Court followed its earlier ruling that interconnect service charges are not taxable as royalty. The...
The Court permitted the taxpayer to obtain a stay by following the procedure under Section 112 and...
The framework enables wider access to GST appeals through online filing. However, procedural and portal limitations may...
Courts held that bona fide buyers cannot lose ITC due to supplier non-payment. The key takeaway is...
Authorities are targeting buyers based on supplier defaults without proper verification. Courts emphasize that bona fide taxpayers...
GST Registration Cancellation Set Aside for Lack of Proper Reasons, Bank Account Attachment Lapses Automatically Under GST...
Tier-1 Cities Dominate GCC Hiring as Hyderabad Emerges Fastest-Growing Hub
From opening bank accounts to buying property, here’s where quoting PAN is compulsory under the current income...
With experience and the right career moves, professionals can see their salaries grow multiple times over, with...
Bengaluru electricity bills to rise from May 1: Here’s why costs are going up and how much...
Missed Section 54 in original return? ITAT allows claim later, but conditions, timelines and documents matter
Gold and Silver have marked gains of 10% and 5% YTD, respectively.
An estimated ₹160 crore+ in new annual income for graduates placed across Goldman Sachs, JP Morgan, Morgan...
Key mistakes taxpayers should avoid when choosing between old and new tax regimes for FY 2026-27, including...
ITAT Kolkata remands case on disallowance of subcontractor expenses, stressing need for evidence, due diligence, and verification...
The issue was whether a reassessment notice issued by a jurisdictional officer instead of a faceless officer...
The Tribunal held that addition under Section 41(1) cannot be made without proof of actual cessation of...
The Tribunal ruled that surrender of tenancy rights occurs only upon receiving new property possession. As possession...
The issue involved taxing capital gains from a development agreement in multiple years. The court held the...
The Tribunal held that enhancement of income without issuing notice under section 251(2) is invalid. Such action...
The issue was whether a show cause notice could be issued under a rule already omitted. The...
The Court ruled that temporary business inactivity due to genuine medical reasons cannot justify cancellation without proper...
The Court held that challenges to ITC blocking cannot be entertained at the show cause stage. It...
The court held that issuing a single show cause notice for multiple financial years violates GST law....
The court held that the rectification order failed to satisfy the statutory requirements under Section 161 of...
The new rules replace old form numbers with a structured sequence across categories. The update simplifies compliance...
Tax authorities are increasingly questioning decision logic behind TDS deductions. The lack of recorded reasoning in ERPs...
The reform replaces dividend-based taxation with capital gains to ensure only real income is taxed. It removes...
The update outlines revised compliance forms, timelines, and penalties under the new rules. It highlights a structured...
This highlights the ambiguity in classifying AI-generated income under existing tax provisions. It explains how classification impacts...
The Court held that once a GST assessment order attains finality, recovery under Section 79 can proceed...
Courts held that Section 129 cannot be invoked for minor procedural lapses without intent to evade tax....
The Court held that GST authorities cannot rely on seized documents that are missing or untraceable during...
The Court allowed the taxpayer to file a fresh application for revocation of GST registration after failing...
The Court directed the petitioner to first seek rectification of the order before challenging recovery proceedings under...
Nomination enables payout, but ownership follows the will or succession law, says expert
Revised pay floors in the two states offer a vital financial cushion for millions of workers
Travellers must align cover with trip frequency to avoid protection gaps
The partnership enables single-ticket itineraries combining Air India and WestJet flights, offering smoother journeys, coordinated baggage handling,...
Tonino Lamborghini is entering India’s branded residences market through a partnership with Signature Global (India). The collaboration...
Liver diseases have become financially draining for Indian households, says insurance company’s analysis
Gold fundamentals remain structurally strong despite near-term price volatility.
Borrowers must look beyond high valuations and carefully weigh the interest costs and asset-loss risks associated with...
Transfer of passive infrastructure (PI) assets under a court-approved scheme of demerger without consideration qualified as a...
The Tribunal held that a development agreement granting only a limited license for construction does not constitute...
The Tribunal held that loan repayment cannot be treated as unexplained cash credit under section 68. The...
The Tribunal held that penalty under section 271(1)(c) cannot be sustained when identical facts in earlier years...
The Court held that input tax credit cannot be restricted to the month of invoice when business...
The Court held that GSTIN cannot be cancelled solely based on supplier irregularities without examining the taxpayer’s...
The Court set aside a show cause notice that combined several financial years into one proceeding. It...
The Court held that each financial year creates a separate cause of action, making a consolidated notice...
The ruling found that issuing a single notice for multiple tax years violates statutory requirements. The Court...
The Court granted interim relief in a petition challenging GST under RCM on development rights. It recognized...
By transferring ownership during a settlor’s lifetime, a settlement deed creates a legal ground that can neutralise...
With rising car prices and growing EV push, loans are helping buyers manage costs by spreading payments...
Fund review: HDFC Flexi Cap Fund
From Dwarka Expressway to DLF Phase V: Where Gurugram Rates Are Rising Fastest
25% of them seek parental approval before spending, even as impulse buying and digital spending expands
Equity Mutual Funds Average AUM Surges 17% in FY26; Flexi Cap Fund emerges as preferred investment segment:...
PL Capital has advised investors to adopt a cautious yet opportunistic approach, focusing on quality names, diversification,...
Central bank sets redemption at Rs 15,009, turning Rs 1 lakh into nearly Rs 4 lakh in...
The issue addressed is fragmented and complex compliance for NPOs under earlier law. The new Act consolidates...
The issue was whether purchases could be treated as bogus based on investigation reports. ITAT held that...
The issue was whether machinery replacement qualifies as current repairs. The Court held that replacement creating enduring...
The Court held that rejecting condonation solely because the assessment year was not mentioned in the circular...
The Tribunal held that purchases cannot be treated as bogus when supported by invoices, bank payments, and...
The issue was delays and inconsistencies in GST fund settlement under the earlier framework. The new rules...
The issue was taxation of intermediary services as domestic supply. The law now treats such services as...
The article highlights that traditional GST audits fail to detect real-time discrepancies. Continuous audit models help businesses...
GST was introduced as a simplified tax system but has evolved into a litigation-heavy regime. The key...
The Court ruled that interest cannot be imposed in adjudication if it was not specified in the...
New framework prioritises substantive compliance over technicalities, centralising reassessment powers and clarifying statutory timelines to reduce litigation
Jharkhand High Court confirms that wrongful termination claims and their resulting financial benefits do not end upon...
Buying Gold This Akshaya Tritiya? Why Pre-Booking May-or May Not-Work for You
From tax-free compounding to flexible five-year extensions, the fund serves investors seeking government-backed security in a volatile...
TCS and University of Cincinnati have launched ‘My First AI Job’ Program to Prepare Students for Entry-Level...
Rapid expansion has made gold loans the second-largest retail credit segment, but rising borrower leverage and repeat...
Country finalising amnesty for up to 500,000 undocumented workers in key sectors such as tourism and agriculture
SIP strategy: ₹37,000-₹50,000 monthly can build ₹1 crore in a decade
Nearly 1 in 3 loans now unsecured: A silent shift in household finance
The issue involved whether fresh scrutiny could be initiated after filing a modified return under Section 170A....
Kerala High Court set aside ITAT orders as mechanical and non-speaking, holding that the Tribunal failed to...
The Tribunal held that unsigned excel sheets without supporting evidence cannot justify additions. It ruled that absence...
The case explains how dividend income is taxed based on residential status and type of investment. It...
The case highlights that TDS applies to multiple income categories including salary, interest, and contracts. It reiterates...
The issue was whether pigmy agents are independent service providers or employees. The Court held they are...
The Court found that the appellate authority rejected the appeal solely on delay without examining the reasons...
The Court emphasized the need for fair opportunity before finalizing tax demands. The petitioner was allowed to...
The issue involved denial of refund on the ground that services were intermediary in nature. The Court...
The issue was whether ITC is available on GST paid for leasehold rights used to build a...
Digital footprints and real-time financial behaviours are replacing traditional paperwork to determine creditworthiness for millions of Indian...
Household financial liabilities have climbed to 6.2% of GDP, a decade high, driven by rapid growth in...
Senior citizens can earn up to 8.25%; small finance banks lead and PSU and private banks offer...
Customers aged 25 to 35 accounted for 54% of all such demand last year: Paisabazaar
Small finance banks lead with up to 8.1% rates, while state-owned and private banks offer 6-7% across...
The accused set up a network of mule bank accounts to facilitate the transfer of funds derived...
India records record quarterly deal volumes in Q1 2026 even as values fall 48 % amid slowdown...
Sobha Realty’s Abu Dhabi debut: 60% green space, waterfront living
The new tax framework significantly reduces complexity by cutting sections, rules, and forms. It improves readability through...
The Tribunal held that the Indian entity was only a distributor and not a technology or content...
The Tribunal held that penalty under Section 271(1)(c) cannot be imposed when additions are made on an...
The Tribunal clarified that filing of original return is not mandatory for claiming exemption under Section 54....
The Tribunal held that additions based solely on third-party statements and Excel sheets are unsustainable without independent...
The High Court observed that personal penalties on directors cannot be imposed without independent proceedings. It emphasized...
Pigmy agents are employees of Bank and not business facilitators hence no GST leviable on commission
Pigmy agents are employees of Bank and not business facilitators hence no GST leviable on commission
Karnataka High Court held that pigmy agents employed by the Bank can never be treated as business...
1394-Day Delay Due to Spiritual Jain Diksha of Counsel – Appellant Gets Conditional Relief with Cost
1394-Day Delay Due to Spiritual Jain Diksha of Counsel – Appellant Gets Conditional Relief with Cost
The issue was whether an excessive delay in filing appeals could be condoned. The Tribunal allowed condonation...
The issue concerns repeated extensions of limitation periods for SCNs and orders under Sections 73 and 74....
The issue involved denial of representation through counsel during GST proceedings. The Court held that personal appearance...
Axis Mutual Fund outlines smart investment strategy amid market volatility
MP High Court says a wife who quits job for marriage can claim maintenance; earning capacity no...
Uniform 2% TCS, no TAN for NRI deals, single declaration: What FY27 tax changes mean for individuals
Singer Sonu Nigam sells paddy land in Maharashtra’s Karjat across four transactions
The Haryana Government has revised its retirement housing policy and increased the Floor Area Ratio (FAR) to...
TRACES portal gets a revamp under new tax law, reshaping how TDS, TCS and property deals are...
Akshay Kumar rents out Mumbai duplex in Oberoi Complex for ₹1.44 lakh
The Court held that indirect share transfers deriving value from Indian assets are taxable. Treaty benefits were...
The new BER-SER structure separates GST from commissions, reducing base payouts. Non-registered distributors face direct income loss...
The Tribunal invalidated reassessment proceedings since the Section 148 notice was issued after 01.04.2021, making it time-barred....
Courts held that investment in under-construction property qualifies as construction under Sections 54/54F. Deduction cannot be denied...
CBDT clarified the presentation of error categories in Form U. The update ensures clearer reporting of incorrect...
The new Act retains the arm’s-length principle but introduces refined definitions, stricter compliance, and enhanced penalties for...
The corrigendum corrects technical errors in multiple ITR schedules, including CG and CYLA. It ensures accurate reporting...
CBI arrested GST officials for demanding a bribe to facilitate registration approval. The case highlights strict enforcement...
Reimbursements are taxable if they form part of consideration under GST valuation rules, regardless of their label....
Failure to serve notices at the updated registered address invalidates GST proceedings. The Court emphasized strict adherence...
GSTN has enabled editing of the pre-deposit percentage in APL-01 filings. The change allows taxpayers flexibility, while...
The new Act removes the confusion between Previous Year and Assessment Year by introducing a unified Tax...
This covers how business income is computed under the Income-tax Act, including normal and presumptive methods. It...
ITAT Agra held that the assessee is entitled to claim deduction u/s. 10A of the Income Tax...
The ruling held that incomplete documentation or minor deficiencies cannot be sole grounds for denial of registration....
The Tribunal upheld deduction of ESOP expenses under Section 37(1) by relying on binding jurisdictional High Court...
High Court allowed restoration of GST registration even after dismissal of appeal on limitation grounds. Relief was...
The Court held that serving notices at an outdated address violates natural justice. The proceedings were set...
The case addressed whether delayed appeals can be entertained through writ jurisdiction. The Court ruled that statutory...
Valuation issues alone were not valid grounds for detention of goods in transit in Integrated Goods and...
The Court held that statutory amendments extending the ITC time limit override earlier restrictions. It ruled that...
A step-by-step guide to enrolling in FTI-TTP and using e-gates to skip long immigration queues at major...
Legal experts say establishing strict procedural control over an estate is the most vital step for executors...
Extension of jurisdiction to complaints arising from unregistered projects effectively neutralises a structural loophole that developers have...
Central bank also proposes a mandatory one-hour ‘cooling-off’ window for large transfers to foil scams
The ₹2.95 lakh crore outflow may look dramatic, but it’s largely a reflection of how institutional money...
Despite continued geopolitical headwinds and global risk-off sentiment, domestic investors used the market correction as an opportunity...
AI-powered assistant designed to guide taxpayers through the updated compliance requirements of Income Tax Act, 2025
Why “Guaranteed Returns” should be your biggest warning sign
Income Tax Department Ministry of Finance, Government of India DTAA & FTC Double Taxation Avoidance Agreement (DTAA)...
This explains the new block assessment mechanism allowing ALP to apply across multiple years. It emphasizes reduced...
The issue concerns arrangements structured primarily to obtain tax benefits. It was held that such arrangements can...
The case explains the statutory framework governing appeals and revisions under the Income-tax Act. It highlights the...
The framework outlines different assessment types to verify income and tax liability. It ensures accuracy through self,...
Courts held that bona fide buyers cannot lose ITC due to supplier non-payment of GST. The key...
The authority held that oxygen supply through installed infrastructure is a composite supply of goods. The key...
The petition challenges the validity of a cess law on grounds of lack of legislative competence and...
While HSN mirroring works for goods, it creates classification errors in services. The key takeaway is that...
Courts held that cash is not covered under things in GST search provisions unless it serves as...
A personal loan can be very useful in a sudden funds crunch, but may carry higher interest...
Their authority to sell or mortgage Hindu Undivided Family property is legally binding only when justified by...
Fund Review: Mirae Asset Large Cap Fund
The fund aims to capture India’s structural defence growth opportunities
As surging cardiac cases among Indians in their 20s and 30s drive up treatment costs, the traditional...
60 transactions were recorded in FY26, the highest in seven years.
As issuers shift from universal rewards to usage-linked models, customers face a wave of devaluations and fee...
No rate cuts yet: How to invest smartly in a ‘Wait-and-Watch’ market
Pension meets Healthcare: How you can use NPS funds for medical costs
The depreciation provisions applicable from Tax Year 2026-27 have undergone a significant structural change. With the enactment...
ITAT Delhi held that Advertisement, Marketing & Promotion expense [AMP expense] incurred by Make My Trip wholly...
The issue was fragmented TDS compliance through multiple forms. The new framework consolidates them into Form 141,...
The issue concerns complexity in the existing TDS/TCS provisions. The new framework consolidates sections and introduces coding...
The issue concerns taxation of online cricket gaming winnings. The framework mandates a flat 30% tax with...
The issue concerned release of ₹58 lakh seized during GST search. The Court disposed of the petition...
The issue concerns GST compliance requirements for businesses. It highlights that maintaining proper records and filing returns...
The Court declined interference as proceedings were already initiated by both departments. Petitioners were directed to respond...
The case addressed denial of refund of VAT pre-deposit made through ITC. The Court held that Section...
Even small documentation mistakes like typos or expired e-way bills can result in detention under GST laws....
No immediate EMI relief, but steady rates give borrowers a chance to refinance, prepay, and cut long-term...
Cuts in take-home salary may boost long-term savings of salaried people, say experts
New fund focuses on cash-futures price gaps to deliver stable, tax-efficient returns with lower volatility than typical...
Understanding the legal nuances between joint and mutual Wills is essential for balancing a surviving spouse’s independence...
RBI’s rate pause gives FD investors clarity, with returns holding firm as market volatility pushes savers towards...
According to Reserve Bank of India data, Indian families and students spent $3.71 billion in 2025 on...
RBI keeps repo rate steady at 5.25%, holding EMIs stable while preserving savings from earlier rate cuts...
The central bank has decided to keep the repo rate unchanged at 5.25%, choosing caution at a...
No layout plan needed to regularise homes, says government, speeding up ownership and access to loans
Birla Estates clocks over ₹1,600 crores in bookings within a month of launch at Birla Arika Phase...
The new tax framework significantly reduces the number of rules and forms, aiming to simplify compliance. It...
The Tribunal held that additions based on presumptions without evidence cannot be sustained fully. It reduced the...
The Tribunal held that exemption cannot be denied merely because the purchase agreement was unregistered. Substantial payment...
Courts held that exemption cannot be denied merely due to lack of registration if possession and substantial...
The Tribunal held that where registration is delayed, the stamp duty value on the agreement date must...
The Court held that Section 107(11) expressly prohibits remand to the adjudicating authority. The appellate authority must...
The Court held that cash is not covered under the term “things” in Section 67(2). Seizure of...
The Court held that the impugned order should be challenged through statutory appeal. Writ jurisdiction was not...
The Court ruled that cancellation cannot be applied retrospectively without proper application of mind. The order was...
The Court held that cancellation based on reasons not mentioned in the SCN is unsustainable. The retrospective...
Not submitting Form 10-EE can trigger tax on foreign retirement income, despite funds being abroad
From navigating dual Wills to managing FEMA repatriation limits, experts outline the essential compliance steps for NRIs...
Smaller places increase their share in insurance demand as awareness improves, it says
The increase may seem small on domestic routes-but adds up on international trips
Correction brings markets closer to fair value, shifting focus from caution to gradual investing
Explained: The ₹944 crore Piyush Group Case and its impact on homebuyers
Industry using technology to focus on prevention and healthy living, says Policybazaar
8 in 10 users msled online: IRDAI Cracks Down on Insurance ‘Dark Patterns’
Job market rebounds, but demand is concentrated in high-paying roles
The Supreme Court upheld that Section 206C(1C) applies only to lawful mining arrangements involving lease or licence....
TCS Cannot Be Extended to Illegal Mining Cases Due to Absence of Transfer of Rights: Chhattisgarh HC
TCS Cannot Be Extended to Illegal Mining Cases Due to Absence of Transfer of Rights: Chhattisgarh HC
The High Court held that Section 206C(1C) applies only to lawful mining arrangements involving lease or licence....
The tribunal held that gains from sale of shares did not fall under Article 14(4). It ruled...
The article explains remedies available after adverse tax orders under scrutiny and reassessment. The key takeaway is...
The issue was penalty for misreporting on sale of land classified as capital asset. The Tribunal held...
The court declined to hear the GST dispute as an appeal remedy existed. It held that pre-deposit...
The case addressed increased ITC benefits post-GST without corresponding price reduction. The tribunal ruled this violated Section...
The dispute concerned failure to reduce prices after GST. The Tribunal held that documentary evidence showed benefit...
GSTAT held that no anti-profiteering violation arises where construction, agreement, and payments occur entirely in the GST...
The issue involved a calculation error in the final order. The Tribunal clarified the correct per sq....
Even small errors in employment dates can affect your provident fund balance and pension eligibility, EPFO warns
Rising health risks meet weak finances: 80% lack savings, 82% fear costs, and 79% remain unsure of...
Loan against PPF allows borrowing at low rates between years 3 and 6, with strict limits, a...
The apartment is located in Godrej Trilogy Worli, a high-end residential project in central Mumbai.
A farmer in Budaun district of Uttar Pradesh was left stunned after receiving tax notices of Rs...
Govt ends cash tolls from April 10; ID-based waivers scrapped, exempt users must switch to FASTag or...
Cyrus Poonawalla’s acquisition is not just about owning a painting-it’s about owning a piece of India’s cultural...
Gold ETF Changes 2026: Physical Gold Allocation Still Above 95%
The issue concerns mandatory reporting of specified financial transactions under tax law. The key takeaway is that...
The framework requires taxpayers to withdraw all pending appeals and proceedings. It establishes that dispute resolution is...
The issue concerns applicability of tax audit based on turnover thresholds. The ruling highlights that exceeding prescribed...
The provisions regulate acceptance, payment, and receipt of cash beyond specified limits. They impose strict penalties to...
The issue concerns tax relief for foreign investors in infrastructure. The key takeaway is that specified funds...
The Tribunal addressed denial of leave encashment exemption restricted to ₹3 lakh. It held that the revised...
The Court directed the jurisdictional authority to consider the delay condonation request after PAN transfer. It held...
The case examined whether disallowance under section 94(7) should be limited to exempt dividend. The Tribunal held...
The case examined whether settlement of a corporate guarantee liability qualifies as business expenditure. The Tribunal held...
Income not falling under primary heads is taxed under Income from Other Sources. The provision ensures comprehensive...
The court set aside GST orders after finding both original and appellate proceedings were effectively ex-parte. It...
The case examined whether ITC reversal made during inspection was voluntary. The Court held that the timing...
The case addressed whether stock discrepancies could be attributed to a sister concern. The Court held that...
The Court held that cancellation cannot be applied retrospectively unless the show cause notice clearly proposes such...
The Court held that retrospective cancellation requires clear justification and cannot be applied mechanically. In absence of...
The ruling holds that deposits made from surplus business funds are part of operational activity. Interest earned...
The case examines whether penalty can be levied when the quantum issue is admitted by the High...
The issue was denial of deduction under Section 54F as a fresh claim not made in return....
The issue was whether full bank deposits of a commission agent can be taxed as unexplained income....
The issue was whether reassessment beyond 3 years is valid when escaped income is below ₹50 lakh....
Taxpayers faced issues filing appeals where adjudication orders showed zero demand. GSTN clarified that such system limitations...
The applicant sought clarity on refund eligibility after filing NIL claims but later withdrew the application citing...
The Authority held that rebates received from a bank on corporate card usage do not constitute a...
The Authority examined GST applicability on second-hand car sales but denied clear relief due to insufficient documentation....
The ruling addressed classification of biodiesel-HSD blends based on petroleum content. It held that classification depends on...
New document become the statutory tax deduction certificate, introducing a three-part structure and shifting reporting from the...
The Baggage Rules 2026 introduce weight-based gold allowances and clearer electronics limits while mandating stricter declarations via...
Indian Railways eases boarding station rules while tightening cancellation refund windows
The Reserve Bank on Thursday allowed residents as well as non-residents to exchange Indian rupee notes at...
The Central Board of Direct Taxes (‘CBDT’) has notified the Income-tax Rules, 2026 (‘Rules 2026’) along with...
Deal-making activity involving India reached US$17.4 billion, representing a 44.5% decline from a year ago.
ITAT held that a return filed under section 148 remains valid even if delayed. Failure to issue...
The tribunal ruled that business income under section 44AD cannot be taxed using section 44ADA provisions. Presumptive...
The tribunal held that the 10% safe harbour applies even to DVO valuations, not just stamp duty...
The issue was whether high-turnover companies can be compared with a smaller software service provider. The Tribunal...
The case involved additions made solely on an Excel sheet and a third-party statement alleging cash payments....
The issue concerns misuse of powers during GST proceedings. The key takeaway is that courts enforced strict...
The case examined whether separate penalties under CGST and SGST were permissible. The Court ruled such imposition...
The case shows that failure to respond to GST notices led to tax demand even for exempt...
GSTAT serves as the second appellate authority with defined procedures and timelines. Compliance with filing and pre-deposit...
The amendment shifts place of supply to the recipient’s location. This impacts export eligibility and RCM applicability...
Best Corporate FD rates in April 2026: Corporate FDs offer higher returns than banks, but risks vary...
Real estate investors gain long-term certainty as new tax rules prioritise policy stability and streamlined compliance for...
Term insurance becomes crucial after 30 as premiums rise with age; locking in early ensures stable costs...
Fund Review: SBI Medium Duration Fund
Canada’s 31% boost in provincial immigration quotas is set to open new doors for Indian professionals, offering...
It makes it clear that GAAR cannot be applied to income from pre-2017 investments, regardless of when...
Traders aged 18 to 25 make large bets but they are disciplined and mature, it says
India deals slow to weakest start since 2021 amid cautious market sentiment
New Income Tax rules enforce stricter identity verification for applicants while raising thresholds for routine financial transactions
AI, cybersecurity and digital skills become India’s most sought-after capabilities, says NIIT report
Section 247 now permits registered valuers to assist in search and seizure valuations. The key takeaway is...
Explains new income-tax cash limits on expenses, receipts, and loans. Highlights that exceeding thresholds can lead to...
The Tribunal held that ad hoc disallowance of labour expenses without concrete evidence is unsustainable. It ruled...
The tribunal held that capital gains from share buyback are not taxable in India under treaty provisions....
The new Form 26 replaces multiple audit forms with a single structured framework. It enhances transparency and...
The Court held that blocking ITC without giving the taxpayer an opportunity to respond violates natural justice....
A complete guide to E-Way Bill provisions, covering generation rules, validity, and penalties. Learn how non-compliance—even procedural—can...
Both domestic and import revenues contributed to GST growth, alongside increased refunds. The figures highlight improved tax...
The CBI arrested a CGST Assistant Commissioner for demanding a bribe to halt GST proceedings. The officer...
The Government reduced GST on paper sacks and bags from 18% to 5% following GST Council recommendations....
Experts explain how to choose the correct form, avoid mistakes and use compliance mechanism
Property ownership doesn’t automatically pass on: Succession laws and Will decide who inherits share
Despite a post-festival dip in short-term lending, a surge in gold loans and a rising influx of...
Income Tax Act, 2025, replaces decades-old law to simplify language and improve ease of compliance
New financial year marks a decisive shift towards stricter compliance and structural transparency, prioritising long-term fiscal discipline...
ITAT held that reassessment notice issued after three years without PCCIT approval violates Section 151(ii). The approval...
ITAT upheld deletion of penalty as the exemption issue was pending before the High Court. The assessee...
ITAT remanded the case as authorities failed to determine whether the assessee was a society, trust, or...
The Tribunal held that the assessee failed to substantiate the source of cash deposits during demonetization. Mere...
The Tribunal held that the assessee could not deduct tax due to binding interim directions of the...
The Court held that delay caused by reliance on a consultant and personal hardship constitutes sufficient cause....
The case involved detention of goods where the taxpayer cited vehicle breakdown as the cause of delay....
The case involved conflicting reasons between the show-cause notice and final order, with no proper consideration of...
Notice pay recovery is treated as a contractual penalty, not a consideration for service. The key takeaway...
The issue is whether GST refunds are restricted by statutory timelines. The key takeaway is that unconstitutional...
Shift to a unified tax year and streamlined compliance aims to simplify the code, though it introduces...
Actor’s three-year lease agreement in Bandra West highlights robust demand and high rental yields in Mumbai’s luxury...
Proposed framework aims to eliminate ‘sticky’ banking by allowing the seamless migration of salary, EMI, and SIP...
Key small savings rates notified: PPF at 7.1%, NSC 7.7%, MIS 7.4%, Sukanya 8.2%
Starting from the third year, the rent will increase by 5% annually.
By late March, gold had given up all its year-to-date (2026) gains, falling back to Dec 2025...
The tribunal held that addition under Section 69C is not valid where expenditure is properly recorded and...
India’s new tax law restructures the Income-tax framework without increasing tax burden. The key takeaway is that...
The new tax law renumbers TDS return forms and introduces a unified reporting system. The key takeaway...
Starting April 1, 2026, India will implement a significant tax reform by replacing the Income-tax Act of...
ITAT Mumbai held that development fees collected from passengers was earmarked for capital expenditure towards modernisation and...
The court held that the impugned GST notifications were invalid as they curtailed limitation and were based...
The article argues that the GST entry uses a wide definition of device covering all solar-dependent equipment....
The court held that delayed payment of penalty does not justify continued detention. Goods must be released...
The article highlights common GST filing errors such as mismatches and incorrect ITC claims. The key takeaway...
Section 8 clarifies how GST applies to bundled supplies by distinguishing between composite and mixed supplies. The...
RBI’s loan rule changes roll out in phases, from zero charges to faster credit score updates
Women earn 76% of men in salaried roles, 69% in casual jobs, and just 36% in self-employment,...
Toll on Delhi-Meerut expressway rises about 5% from April 1; car users to pay ₹175 one way,...
South Delhi’s Luxury Realty Bet: Golden Growth Fund Eyes ₹100 Crore Project in Gulmohar Park
Under the ‘DDA Karmayogi Awaas Yojana’ 2025, flats are offered to retired government employees. DDA recently offered...
Residential real estate prices in the area have risen 130% over the past 20 years
With Indian equity markets underperforming over the past 12-18 months and geopolitical uncertainties rising, companies have taken...
CIT Vs Patel Engg. Ltd. (Bombay High Court) The appeals before the Bombay High Court arose from...
The Tribunal found inconsistency between payment date and share allotment date, raising doubts about the transaction. It...
The court held that reassessment cannot be initiated on issues already examined during scrutiny. It ruled that...
Tribunal held that GST-based turnover differences cannot be taxed again when income was already recorded in prior...
The court examined whether delay in filing returns during insolvency proceedings constituted genuine hardship. It held that...
The issue involved cancellation of GST registration without proof of proper service of notice. The Court held...
The court held that issuing multiple demand notices for a single adjudication order is improper. It directed...
The court held that passing an assessment order without granting personal hearing violates principles of natural justice....
The Court held that cancellation for non-filing of returns can be reconsidered if the taxpayer files pending...
This guide explains why income is deemed to accrue in India under Sections 5 and 9 of...
The case explains how agricultural income remains tax-free under Section 10(1) but affects tax rates on other...
The new law replaces the 1961 Act to address excessive complexity and scattered provisions built over decades....
ITAT Mumbai held that no TDS is liable to be deducted when payment is made for serving...
The notification grants exemption under Section 10(46) as the entity operates without commercial intent. It clarifies that...
The Court held that blocking ITC without available credit in the ledger is beyond statutory powers. It...
The analysis shows that lower tax rates under the composition scheme significantly improve liquidity for startups. This...
This explains why GST cannot be levied unless a transaction qualifies as supply under Section 7. It...
The court ruled that Section 67 allows seizure only of goods, documents, and related items, not cash....
The court ruled that GST law does not prohibit inter-state transfer of ITC in amalgamation cases, especially...
Investments made by a foreign company could not be attributed to a non-resident individual shareholder without lifting...
The issue was whether share capital addition could be sustained without seized evidence. The Tribunal held that...
The issue was whether proceedings under Section 153C were time-barred. The Tribunal held that the assessment fell...
The issue was whether additions could be made in unabated assessments without incriminating material. The Tribunal held...
The issue was whether approval under Section 151 granted without reasons is valid. The Tribunal held mechanical...
Section 54 applies only to refunds of legally recognized tax, not all payments made to the Government....
The issue concerns procedural requirements for filing GST appeals. The instructions mandate document submission and pre-deposit, ensuring...
The issue was whether cross-border satellite broadcasting could be taxed by a State. The Court upheld taxation...
Gauhati High Court rules GSTR-1 vs GSTR-3B mismatch from clerical errors cannot trigger automatic tax recovery without...
India cuts excise duty on petrol and diesel to offset global oil price surge amid war. Move...
Tighter verification protocols and revised daily withdrawal caps reflect a broader shift by lenders to mitigate digital...
Kerala High Court clarifies that ‘either or survivor’ mandates only grant bank access, while legal ownership of...
Rising cardiovascular and respiratory vulnerabilities among younger urbanites are forcing a shift towards dynamic risk pricing and...
Under the revised Regulation 24, the authority has clarified long-pending ambiguity regarding whether allottees in unregistered projects...
Rs 10,000 invested via SIP in Kotak Midcap Fund (Erstwhile – Kotak Emerging Equity Fund) would have...
Bollywood actress Madhuri Shankar Dixit has taken a commercial unit on rent in Mumbai, with a starting...
CBDT provides relief to deductors by allowing additional time to issue essential tax certificates following technical glitches...
According to the report, the soon-to-be-launched Jewar airport will have significant long- term effects on housing demand,...
Forms 134 and 135 introduce a revised system for TAN allotment under the Income-tax Act, 2025. The...
A free live workshop will discuss the structure and practical implications of the proposed Income-tax Act, 2025...
The article explains how ESOP taxation spans salary, capital gains, DTAA, and disclosure requirements. It highlights that...
The article explains how the coexistence of GloBE and GILTI leads to different tax outcomes for similarly...
The article explains that tax authorities often disallow intra-group charges where evidence of actual services is missing....
The issue highlights ITC reversal when suppliers fail to deposit GST despite buyer compliance. The key takeaway...
The authority held that operational services were provided to a PSU under contract. As a result, exemption...
The issue involved inability to access documents leading to ex parte assessment. The Court granted interim relief...
The case examined whether GST rate cuts were passed on to consumers. The authority held that increasing...
The notification allows exemption from e-way bill for vehicles moved solely for testing purposes. It clarifies that...
Senior citizens get a slightly higher rate of interest on fixed deposits across public and private banks,...
Legal experts outline the essential steps and documentation required for tenants to lawfully recover repair costs when...
Fund review: Nippon India Growth Mid Cap Fund
Currently, sectors like IT, Private Banks and Healthcare have become more attractive helped by recent corrections and...
Smaller lenders continue to outpace major banks this March-end, offering senior citizens interest rates of up to...
Small finance banks continue to outpace major lenders in March-end, offering interest rates of up to 8%...
If you make money by selling shares in a buyback, you may now pay more tax than...
The Central Consumer Protection Authority has barred restaurants from levying separate ‘LPG charges’ on bills, mandating that...
EMI-to-income ratio is projected to plateau through 2028
ITAT Mumbai Accepted Ignorance & Accountant’s Default as Sufficient Cause for Delay in Appeal Filing
ITAT Mumbai Accepted Ignorance & Accountant’s Default as Sufficient Cause for Delay in Appeal Filing
The Tribunal examined whether delay in filing appeal was justified under section 249(3). It held that sufficient...
The Tribunal examined whether addition under Section 68 could be made without seized evidence. It held that...
For nearly three decades, the India-Mauritius DTAA of 1983 was the golden corridor for foreign capital flowing...
HUF allows families to create a separate tax entity with its own PAN and ITR, enabling income...
Form 130 becomes the new TDS certificate from April 2026 under the 2025 Act. The key takeaway...
The issue is whether renting of immovable property is taxable under GST. The key takeaway is that...
The issue was whether leasing to a company disqualifies exemption for residential renting. The Court held that...
Legislative Evolution of Section 15(3)(b) of CGST Act, 2017 & Interpretive Uncertainties That Remain
Legislative Evolution of Section 15(3)(b) of CGST Act, 2017 & Interpretive Uncertainties That Remain
The amendment to Section 15(3)(b) removes rigid conditions for post-supply discounts. It simplifies compliance but leaves key...
New reporting rules and mandatory PAN linkage will transform credit cards into transparent extensions of tax identities
According to a report by Emkay Global Financial Services, the Nifty 50 is now trading at around...
Expansion of higher HRA benefits to eight cities from FY27 comes alongside rigorous new disclosure rules designed...
The court’s one-time relief ensures long-term financial security for officers who were denied permanent commission
High savings, low investing: The gap in women’s wealth creation widens
New system tightens last-minute cancellation penalties while offering passengers greater flexibility for changing boarding stations
In volatile times, safety over returns: Why investors should rethink portfolios
Under the proposal, the purchaser of Gift PPI can gift the prepaid payment instrument to a recipient,...
The tribunal held that systematic sports training and self-defence instruction to students constitute education under Section 2(15)....
ITAT Denies Section 10(10D) Exemption as Assignment Does Not Alter Nature of Keyman Insurance Policy
ITAT Denies Section 10(10D) Exemption as Assignment Does Not Alter Nature of Keyman Insurance Policy
The case involved exemption claim on maturity of an assigned Keyman Insurance Policy. The Tribunal held that...
The case involved denial of remaining depreciation where machinery was used for a short period. The Court...
The Tribunal held that change in accounting method causing timing difference cannot lead to double taxation. Since...
The tribunal held that the holding period of the previous owner must be included when property is...
The case involved non-passing of ITC benefits after GST implementation. The Tribunal held that full ITC gains...
The issue included verification of ITC benefit among buyers. The Tribunal relied on DGAP findings and the...
The case involved an order passed without any reply from the taxpayer to the show cause notice....
The case involved denial of ITC based on limitation under Section 16(4) of the CGST Act. The...
The Court found that the rejection was only a communication and not a legally valid order. It...
Tax benefits may look attractive, but these hidden charges can reduce your actual returns over time
Confusion about mutual funds, insurance and other investments continues, says report
Revised allowances for locomotive and traffic staff take effect as government adjusts travel compensation in line with...
Labour costs projected to surge 5-12% following implementation of New Labour Codes in November 2025
Premium housing push continues as SPRE launches project near BKC
Women investors level up: More equities, more control, more risk appetite
Net inflows into mid cap and small cap funds stood at Rs. 4,003 crore and Rs. 3,881...
The issue involves overlapping applicability of old and new tax laws. The analysis highlights compliance risks and...
The issue involved taxing property value as unexplained investment without prior notice. The Court held that absence...
The law restricts TDS corrections to a limited window ending 31 March 2026 for past years. Missing...
The issue involved arbitrary estimation of income at 20% and 5% of turnover. The Tribunal reduced it...
This article explains how AI tools may provide outdated tax advice under the new law. The key...
The issue involved incorrect computation of interest on IGST refunds. The Court held that authorities failed to...
The issue involved an ex-parte GST order demanding ITC reversal without proper notice. The Court held that...
The case involved allegations of fraudulent ITC through fake invoices. The Court granted bail noting absence of...
The issue involved cancellation of GST registration due to non-filing of returns. The Court held that absence...
The issue involved ex parte orders passed after SCNs were uploaded in a manner not effectively communicated....
UAE succession laws differ from India, making local wills essential to protect assets and intended heirs
FD vs fund: ₹10,000 grows to ₹43,800 in this 21-year-old scheme
Scam targets SBI YONO users, govt warns against sharing banking details
New RBI norms aim to curb fraud, widen authentication methods, and fix accountability on banks
ATM withdrawals get costlier from April 1 as banks tighten limits and free-usage rules
New tax rules from April 1 focus on compliance, reporting and clarity, with no change in tax...
The value of the stock of gold with Indian households stands at a whopping $5 tn (125%...
Housing boom fuels land rush among top real estate developers
Overview of US tax credits including refundable, nonrefundable, and partially refundable credits, with examples, forms used, and...
MPTCA urges the Finance Ministry and CBDT to reconsider the proposed late fee for delayed tax audit...
ITAT held that entire receipts cannot be treated as unexplained when income is already offered to tax....
Imposition of a 28% GST on online gaming and betting has triggered one of the most intense...
The issue was non-service of an income tax order and availability of remedy. The Court allowed withdrawal...
The Tribunal held that the appellate authority cannot go beyond the issue of TDS credit in a...
The tribunal held that Renewable Energy Certificates are distinct from carbon credits under Section 115BBG and must...
The issue was whether reassessment was valid without proper service of mandatory notice under Section 143(2). The...
The tribunal held that government support includes capital grants, land, and infrastructure, not just recurring funding. This...
The issue was whether GST show cause notices can cover multiple financial years in one proceeding. The...
The Authority held that procedural questions on E-way bill generation are not covered under Section 97(2) of...
The issue was whether a digital transport platform qualifies as a GTA. The Authority held that absence...
The case examined taxability of bio-mining and waste remediation services. The Authority held that such services qualify...
The ruling holds that GST input tax credit is available on employee transport services when mandated by...
The Tribunal held that delay due to lack of awareness and administrative oversight constituted sufficient cause. It...
The court held that amounts received under interim orders cannot be taxed as income when the dispute...
The board directed offices to function on Mahavir Jayanti. The move ensures completion of financial year-end work...
The tribunal held that a gift deed alone cannot establish legitimacy under Section 68. It directed fresh...
The Court refused to interfere as the writ petition was filed after completion of reassessment proceedings. It...
The court examined whether penalty and detention without notifying the known owner violated natural justice. Interim relief...
The Court examined allegations of fraudulent ITC claims and found that the petitioner’s actions were bona fide....
The court held that seizure and prohibition orders cannot continue without a confiscation proposal. The absence of...
The Court examined a challenge to an assessment order involving ITC reversal and interest liability. It held...
F S Enterprise Vs State of Gujarat (Gujarat High Court) The Gujarat High Court disposed of multiple...
Expert advice on the legal requirements, documentation, and essential structuring needed to establish a robust family trust...
Small finance banks offer up to 8.25% interest as FD rates vary across lenders. Here’s how returns...
Central Board of Direct Taxes on Friday notified the rules for Income-tax Act, 2025 which provided enhanced...
Digital resubmission window offers a second chance for depositors to rectify applications rejected under Supreme Court oversight
Public sector banks and private lenders maintain competitive entry-level rates, though final pricing depends on borrower credit...
Shipping disruption pushes up construction costs, delays projects
115 saw their wealth increase, of which 60 were new faces, whilst 50 saw their wealth go...
The Court set aside rejection of registration based solely on absence of an irrevocability or dissolution clause....
The Tribunal ruled that incorrect invocation of Section 69A does not invalidate the addition. Since the loan...
ITAT remanded the matter where the assessee claimed PAN misuse leading to additions under Sections 68 and...
The classification depends on whether there is actual crypto transfer. Cash-settled trades are generally treated as speculative...
The Tribunal held that delay in filing Form 67 is a procedural lapse. It restored the matter...
GSTN clarifies that DRC-03 payments must be linked via DRC-03A. Without this, pre-deposit requirements may appear unpaid...
The Court halted GST proceedings questioning mandatory 1/3rd land deduction. It held that jurisdiction is doubtful as...
GST liability depends on correct determination of place of supply. The rules define whether a transaction is...
Rising crude oil prices amid tensions in West Asia could affect inflation and the RBI’s rate trajectory....
While a Will ensures a simple transfer of assets, a trust provides a long-term strategic framework for...
New rules introduce e-notices and penalties, with unpaid dues doubling if not cleared in time
Stock picking with a focus on growth at reasonable valuations will remain the cornerstone of performance, with...
Fund review: Franklin India Large and Mid Cap Fund
The rise of ‘financial hygiene across India marks a significant shift toward proactive credit management and broader...
Supreme Court removes age barrier for adoptive maternity leave, aligning the rights of adoptive mothers with biological...
that Indian equity investors should apply dabbawala’s principle of unshakeable commitment to a system that works, executed...
The transaction involves five office units in Akruti Softech Park, located in the MIDC Marol Industrial Area-one...
Canara Robeco Large & Mid Cap Fund turns 21; delivers 16.5% since inception, lags benchmark in recent...
The issue was whether ALP can be determined without comparable transactions. ITAT held that Rule 10AB mandates...
ITAT set aside the addition made under Section 68 due to incomplete verification of a large gift...
The case addressed whether reassessment can proceed before disposing of objections. The Tribunal ruled that such action...
Bad Debts Allowed on Write-off, 26AS Mismatch Cannot Trigger Addition: ITAT Dismisses Revenue Appeal
Bad Debts Allowed on Write-off, 26AS Mismatch Cannot Trigger Addition: ITAT Dismisses Revenue Appeal
The Revenue challenged allowance of bad debts due to lack of NCLT evidence. The Tribunal held that...
ITAT held that exemption under Section 11 cannot be denied via rectification under Section 154 for alleged...
Section 54 provides a complete framework for GST refunds, including timelines and conditions. Courts have clarified strict...
Court held retrospective cancellation invalid if not proposed in show cause notice. Key takeaway: Proper notice is...
The GSTAT Rules, 2025 provide a complete framework for GST appeals, including filing, hearings, and compliance. They...
This guide explains all GSTAT forms, procedures, and timelines for filing appeals. Key takeaway: Proper use of...
The Court extended interim relief to contractors as the classification of Delhi Jal Board as a local...
Gen Z wants growth over pay, but only 36% firms ready: Unstop report
SBI Card is tightening its reward ecosystem by slashing monthly cashback caps and expanding excluded categories
CGAS lets you park gains to claim tax breaks, but strict timelines and rules mean any slip...
Committee calls for a ‘more realistic’ payout aligning with demands to raise the monthly floor to Rs...
Online buyers are set to turn a Rs 1 lakh investment into over Rs 4.12 lakh, though...
India’s first hybrid passive index fund combining equities and government securities through a 70:30 allocation.
The cost of MBA programmes at private colleges continues to put them out of reach for many,...
Each additional coaching interaction reduced preventable claim costs by an average of ₹668
The Budget 2026 proposes shifting buyback taxation from dividend to capital gains. Promoters will face an additional...
The updated TDS provisions reorganize multiple earlier sections into a simplified framework covering salary, resident payments, non-resident...
The new tax law formally embeds faceless assessments into the statute, replacing the earlier scheme-based system and...
The Tribunal held that capital gains arising from property transferred to a spouse without consideration must be...
ITAT held that addition under Section 69B based only on a loose sheet seized from a third...
The Gujarat High Court stayed a tax adjudication order after discovering that the officer relied on inaccurate...
Courts have clarified that Section 79 of the GST law is a recovery mechanism that can be...
The document outlines a certificate format where the recipient confirms reversal of Input Tax Credit related to...
The GST law permits inspection, search and seizure only when a senior officer has reasonable grounds to...
The GST Appellate Tribunal has become operational, completing the GST dispute resolution framework. Taxpayers can now file...
Volatile markets: Accumulate quality stocks, diversify portfolios, say experts at PL Wealth
Prabhu Deva sells two Mumbai luxury flats for ₹14.8 crore, marking an estimated 2-3x appreciation since 2012
Not all family property is shared by birthright, ownership depends on whether assets are ancestral or self-acquired
Fresh clarity emerges on pension demand as the government details its position and options ahead
The internships are structured over 12 months, with completion timelines varying depending on joining dates
77,000 insurance claims and 12,000 health check-ups across 400,000 covered lives reveal surging lifestyle health risks among...
The Income Tax Department acknowledged incorrect ‘significant transaction’ details in some advance tax reminder emails. Taxpayers are...
Budget 2026 proposes a new penalty framework for failure to report crypto-asset transactions under section 509. Reporting...
A free live workshop will discuss the structure and practical implications of the proposed Income-tax Act, 2025...
The Calcutta High Court declined to interfere with an income tax assessment order, holding that writ jurisdiction...
The Madras High Court examined repeated provisional attachment orders issued under Section 281B without detailed reasoning. The...
Courts have addressed whether time spent pursuing rectification affects the limitation for GST appeals. The rulings aim...
Additional Commissioner of Central Tax Vs Vigneshwara Transport Company (Karnataka High Court) SCN u/s 74 GST Valid...
A new amendment effective from January 2026 limits GST interest to the unpaid portion of tax after...
GST authorities often cancel registrations retrospectively after detecting fake entities, leading to ITC denial for genuine buyers....
The guideline clarifies that GSTAT appeals must be filed online with proper formatting, documentation, and procedural compliance...
Top fuel credit cards that offer rewards, cashback and surcharge waivers on petrol and diesel spends
‘Non-registration does not invalidate agreed rent escalation terms’, say legal experts
On a month-on-month basis, however, SIP contributions came down by 3.73 per cent from Rs 31,002 crore...
HSBC Mutual Fund has entered India’s exchange-traded fund (ETF) segment with the launch of two gold-linked schemes-HSBC...
With FY26 closing soon, taxpayers should review key tax actions
Scheme aims to extend medical protection to families outside existing health schemes
Kotak sees the correction in the market as an opportunity to add ‘better’ stocks, remove ‘narrative’ stocks...
Developers like DLF, TARC, Godrej, and Unity Group are capitalizing on the rising demand for high-rise residential...
NRI buyers fuel DLF’s sales boom, contribute one-third of bookings
ITAT Delhi held that payments made by an employees’ welfare society to members, including death claims and...
The tribunal ruled that reassessment proceedings for a period prior to the approval of an NCLT resolution...
The Supreme Court refused to condone a delay of 262 days in filing the Special Leave Petition...
ITAT Mumbai held that reassessment initiated without approval from the correct authority under Section 151 is invalid....
The Supreme Court upheld the invalidation of an assessment order issued in the name of a company...
The Madras High Court disposed of a writ petition challenging a GST demand, noting that the statutory...
The Court held that seizure of ₹1 crore in cash during GST searches was unlawful because authorities...
The High Court held that cancellation of GST registration without granting a personal hearing violates Section 75(4)...
Comparison of GST composite and mixed supply with IFRS 15 bundled performance obligations, focusing on tax rate...
GSTN clarified that payments made through Form GST DRC-03 are not automatically adjusted against a demand order....
Last-minute choices made without considering needs could exact a high financial price
The Income-tax Act, 2025 introduces Form 141 to replace Form 26QB from April 2026. The change aims...
The new Income-tax Act, 2025 retains the obligation to maintain books of account under Section 62. Businesses...
The Tribunal held that capital gains from property transferred to a spouse without consideration must be taxed...
The Tribunal held that reopening beyond three years requires sanction from higher authorities under Section 151(ii). Since...
The Tribunal held that Section 269SS does not apply when cash is received as part of final...
The GST portal now enforces mandatory bank account validation for registered taxpayers. Failure to link or validate...
The law blocks input tax credit for passenger vehicles with seating capacity up to 13 persons. Credit...
The court held that fees such as affiliation, examination, and migration charges collected by a university are...
Courts and CBIC clarifications state that minor clerical mistakes in e-way bills should not trigger detention under...
The Tribunal held that when the difference between purchase price and DVO valuation falls within the 10%...
ITAT Chennai deletes Sec 270A penalty, ruling 200% penalty for misreporting cannot be imposed without specifying clause...
The Tribunal held that failure to start charitable activities cannot by itself justify denial of registration under...
The Tribunal examined whether penalty under Section 271(1)(c) can arise when income is added due to the...
ITAT Chennai rules 60% tax under Section 115BBE not applicable to AY 2017-18 transactions before 01-04-2017; directs...
Considering the seriousness of the allegations and the prima facie material indicating the applicant’s involvement in the...
GSTAT directed the DGAP to re-examine the profiteering computation after questions were raised about ignored cost increases,...
GSTAT concluded that elimination of entertainment tax and other levies reduced the effective tax incidence, requiring suppliers...
The guide clarifies the difference between PTEC and PTRC registrations under Maharashtra Professional Tax law. It explains...
The Madras High Court held that once late fee under Section 47 is levied for delayed annual...
EPFO’s portal allows salaried professionals to maintain a seamless service record and pension valuation throughout their careers
Supreme Court verdict a critical legal gap in India where the absence of living wills often leaves...
They must adhere to the $250,000 LRS limit and avoid foreign financing to stay on the right...
With global airline capacity slashed by 10% and major Gulf transit hubs facing severe disruption, international travellers...
Decision to hike long-term lending rates by 10 basis points signals a rise in borrowing costs for...
55-65% of India’s LNG imports transit the Strait of Hormuz, with Qatar alone accounting for 40% of...
Four listed REITs on average delivered more than 20% Y-o-Y unit price growth between Q3 FY2025 and...
Following the completion of the transaction, Aurum PropTech said it is likely to become debt-free, as the...
The company plans to develop a premium plotted residential project with a developable potential of 1.1 million...
The Tribunal held that when an adjustment made in the CPC intimation is subsequently deleted in appeal,...
Despite disputes over agricultural income additions, the Tribunal focused on the legality of the proceedings. It held...
The case addressed whether tax authorities can issue notices for multiple years based on one satisfaction note....
The tribunal considered whether inconsistent explanations alone justify treating cash deposits as unexplained income. It held that...
The tribunal examined whether the reasons given for late filing of the appeal were sufficient. It ruled...
The Bombay High Court set aside a GST adjudication order because verification reports relied upon by the...
The Court set aside a GST assessment order based on an ITC mismatch after the taxpayer claimed...
The Court allowed bail after observing that the accused had been in custody since November 2025 and...
The High Court interfered with a GST recovery notice after finding that the petitioner had not been...
The Bombay High Court held that failure to address detailed objections and provide reasons renders provisional attachment...
By creating distinct frameworks for government and private-sector employers, regulator aims to streamline the National Pension System
Here is a detailed list of the fixed deposit interest rates being offered by various banks across...
Define your target allocation based on your goals and risk capacity, not on geopolitical outlook.
Supertech Limited has been named as the “main culprit” in defrauding homebuyers, whereas the Corporation Bank had...
Fund review: Kotak Small Cap Fund
Women display higher engagement in financial planning and superior repayment discipline, says fintech company
Airline introduces a three-phase fuel surcharge on domestic and international tickets to mitigate the impact of surging...
Cities such as Bhubaneswar, Cuttack, Erode, Puri, Varanasi and Visakhapatnam will spearhead the next growth cycle
The strategic partnership enhances member engagement by extending Marriott Bonvoy benefits into everyday moments through Swiggy’s many...
ITAT Delhi held that Oracle India Private Limited is an independent legal entity and existence of Oracle...
ITAT held that the appellate authority wrongly dismissed the appeal under Section 249(4)(b) as there was no...
Advertising payments on Google Ads attract 2% TDS under Section 194C of the Income Tax Act. Businesses...
The High Court set aside the provisional attachment of property under the Income Tax Act after finding...
Budget 2026 proposes reducing the stay-of-demand deposit from 20% to 10% of core tax demand under Section...
The guide explains that construction involving goods and labour is treated as works contract service under GST....
The Madras High Court granted liberty to file an appeal within 30 days and directed the appellate...
The Court ruled that the petitioner must approach the appellate authority under the GST law, while granting...
The High Court held that GST authorities cannot issue a single show cause notice for multiple financial...
The High Court set aside the cancellation of GST registration because the order was cryptic and lacked...
Investors can turn market volatility into a tax advantage by using tax-loss harvesting to offset capital gains...
South Korea, Japan & Singapore lead investment volumes; Singapore & India record strongest YoY growth in investments
Central bank buying, geopolitical risks and tight supply likely to support prices of precious metals, say analysts
Axis Bank has overhauled the card’s rewards by linking utility and telecom cashback to ‘base’ retail spending...
Historically, during periods when crude prices surged sharply, the rupee has sometimes depreciated by more than 10%
Debt fund inflows ease to ₹42,106 crore as treasury deployments taper
Flexi-Cap Funds lead ₹25,000-crore equity inflow wave
The Income Tax Department conducted surveys across multiple cities after AI analysis revealed significant discrepancies between transactional...
The proposed amendments rationalise tax provisions, simplify reporting rules, and introduce clearer deductions and exemptions. The reforms...
ITAT Delhi deleted additions under Sections 68 and 69C after finding that the assessee received and repaid...
The Central Government, in the Union Budget 2026, has proposed an important amendment concerning employee welfare funds....
Courts have held that reassessment proceedings must be based on the reasons recorded before issuing notice under...
Can GST authorities freeze directors’ personal assets for company dues? Legal analysis of Sections 79, 83 &...
The Madras High Court upheld the blocking of Input Tax Credit under Rule 86A after the Managing...
Courts have increasingly held that Input Tax Credit cannot be denied to bona fide taxpayers merely because...
Legal experts urge Indian professionals in the UAE to register local Wills to prevent asset freezes and...
Carefully assess nature of grievance before choosing forum
Members can update EPF nominee details online through the EPFO portal by completing the e-nomination process
Income Tax Department has asked brokers to deposit excess securities transaction tax collected from clients for FY24...
DSP Mutual Fund’s outlook warns that AI exuberance and oil price volatility risk is disrupting the global...
Crude oil directly impacts fuel prices and indirectly affects transportation, manufacturing, logistics, and food supply chains.
India has become a global hub for Global Capability Centres (GCCs) and AI-led innovation, driving high demand...
The Tribunal ruled that a bona fide technical mistake in selecting the wrong section code while applying...
The Madras High Court quashed the rejection of a condonation application, holding that the delay in filing...
ITAT Delhi held that a trust registered under Section 10(23C)(iv) was required to file Form 10BB instead...
The Court issued notice in a plea to quash criminal proceedings where the applicant argued that alleged...
This article explains the five most frequent issues arising in modern income tax assessments, including unexplained cash...
The High Court permitted the taxpayer to file an appeal despite delay after noting that the assessment...
The Gauhati High Court held that the second FIR disclosed additional and distinct offences beyond the earlier...
The Madras High Court quashed a GST order passed after the assessee failed to reply to a...
The High Court held that there was no violation of natural justice because the taxpayer’s reply to...
The Court refused to review its earlier ruling that retrospective GST cancellation was invalid due to lack...
HC says payment disputes between builders and buyers cannot be settled through summary eviction under Section 6...
Do not respond or share financial details if you receive such messages, government advisory says
Easy UPI deposits and small entry bets are drawing users to offshore gaming apps
Cashless claims now available nationwide through partnerships with HDFC ERGO, ACKO and ICICI Lombard
The projects are part of the larger World Street development and are expected to be completed by...
Liquidity surplus in the banking system rose to ₹27 trillion during the month, pushing down short-term rates...
Seeks to provide exposure to India’s public sector banking segment by tracking the Nifty PSU Bank Index...
The Swiggy BLCK and Ornge HDFC Bank Credit Cards are designed to maximize value across food, quick...
The High Court held that reopening an assessment merely because the tax officer formed a different view...
The Supreme Court declined to entertain the revenue’s SLP after noting that a fresh notice had already...
The Court found that the Assessing Officer had knowledge of the amalgamation before issuing the assessment orders....
ITAT Hyderabad held that reassessment proceedings were invalid because the notice under Section 148 was issued by...
A significant change proposed in the current Union Budget relates to the disallowance of deduction of interest...
Explains how GST scrutiny under ASMT-10 can escalate into demand notices under Sections 73, 74 or 74A...
The Court held that valuation of goods cannot be examined during detention proceedings under Sections 129 or...
The Court held that blocking of the Electronic Credit Ledger must automatically cease after one year under...
The Madras High Court held that passing two assessment orders for the same GSTR-2A and GSTR-3B mismatch...
The High Court condoned delay in filing a GST appeal where the taxpayer believed the supplier would...
The ITAT held that revisional powers under Section 263 cannot be exercised when the Assessing Officer has...
The Finance Act 2023 introduced a 12.5% LTCG tax without indexation as an alternative to 20% with...
The benchmark price was incorrectly determined because material economic differences between Thailand and Vietnam markets were not...
The Tribunal ruled that unverified KOT data and handwritten loose sheets are insufficient to establish unaccounted sales....
The court held that a retracted statement by a trustee alleging capitation fee collection cannot justify tax...
नए वित्त वर्ष में प्रवेश से पहले व्यवसायों को कई महत्वपूर्ण जीएसटी अनुपालन कार्य पूरे करने होंगे।...
The Court held that merely uploading an order on the GST portal is not sufficient communication under...
Legal principles confirm that statements recorded during GST investigations cannot alone establish tax liability. Their evidentiary value...
Courts have emphasized that GST searches are meant to gather evidence, not to collect tax during the...
The Ministry of Finance amended Notification No. 14/2018 under the Union Territory GST framework to substitute the...
The tribunal held that disallowance under Section 14A cannot be made when the assessee has not earned...
The Bombay High Court set aside reassessment, demand, and penalty proceedings after finding that the notice under...
The Tribunal found that the authority misapplied the law by relying on provisions relating to donor deductions...
Rules 307–311 of the Draft Income-tax Rules, 2026 outline how pension funds must purchase annuities, restrict commutation,...
Draft Income-tax Rules 2026 prescribe definitions, trust conditions, investment rules, and limits on employer contributions for approved...
The Uttarakhand High Court held that service of notice solely through the GST portal is invalid when...
The High Court held that refund of IGST paid on ocean freight cannot be rejected as time-barred...
The Court observed that the Tribunal granted partial relief without analysing whether the assessee had a strong...
The article explains that statements in GST notices are only allegations until supported by evidence. It highlights...
The Karnataka AAR held that the exemption for housing society contributions must be calculated on a monthly...
‘Credit market witnessing rare alignment of accelerated growth and improving asset quality’, it says
Employer asked to deduct ~25,000 from income every month
Hike brings state allowances in line with central government rates, providing a significant monthly boost for lakhs...
While financial inclusion has brought millions of women into the banking fold, a systemic ‘agency gap’ is...
75-90% of women investors now hold through market corrections rather than exiting in panic. Around 55% selectively...
Godrej Properties has gifted a free home to the Naina family, residents of Nerul, Navi Mumbai, to...
Suryoday SFB revises FD rates, offers up to 8.10% for senior citizens
The transactions, executed through agreements for sale on March 4, 2026, involve office spaces in the commercial...
Property Size: A generous built-up area of 197.5 sq. mt. (approx. 2,126 sq. ft.) and a carpet...
The tribunal held that exemption for a statutory housing authority depends on whether housing units were sold...
The Court held that rejection of condonation for a 50-day delay in filing Form 10B was improper...
The Tribunal refused to condone an 840-day delay in filing an appeal where the assessee claimed the...
The Tribunal held that a trust engaged in educational activities for the public cannot be labelled religious...
The Tribunal found that the taxpayer had filed Form 68 seeking immunity from penalty but the request...
The High Court held that effective service requires authorities to consider alternative modes when there is no...
The court quashed orders reversing ITC that were based solely on limitation under Section 16(4). It held...
A representation has urged reconsideration of GSTAT Procedure Rules requiring all relied-upon documents to be filed with...
The Madras High Court quashed a GST assessment order after finding that it was passed without granting...
The High Court dismissed the writ petition noting that the assessment order remained unchallenged for nearly eleven...
If you are a conservative investor who invests primarily in bank fixed deposits but wants to boost...
Supreme Court clarified that decades of occupancy do not grant tenants ownership rights, orders the eviction of...
. Indian nationals account for roughly 20-22% of foreign property purchases in Dubai, making them the largest...
Fund review: Aditya BSL Corporate Bond Fund
Move to Ind AS 117 framework will modernise how insurers report long-term profits and liabilities without altering...
While they India act as their household’s primary savers, only 32% of women use formal financial institutions...
Singapore ranks top globally, with 5.2% of all homes currently listed for sale qualifying as trophy properties,...
MUDRA operates solely as a refinancing body and never solicits direct payments from individual borrowers.
With nearly 9 mn Indians residing in the Middle East – contributing 38% of India’s total remittances...
The Tribunal ruled that exemption under Sections 11 and 12 cannot be denied by aggregating separate shareholdings...
The Court ruled that a person who is neither a director, shareholder, nor employee of a company...
The SC dismissed a challenge to sanction notices for income tax prosecution, holding that objections including validity...
The Delhi High Court held that issuing a 15% withholding certificate without properly considering the Supreme Court’s...
The High Court set aside income tax assessments after holding that a specific written request for personal...
The Allahabad High Court held that tax determination under GST cannot be made against a deceased person....
SA Aromatics Pvt Ltd and another Vs Union of India and 5 others (Allahabad High Court) The...
The High Court revoked cancellation of GST registration after accepting the petitioner’s explanation of financial and health...
The High Court flagged serious flaws in a GST adjudication order that cited non-existent and unrelated judgments....
The Calcutta High Court held that an appellate authority must independently evaluate the grounds of appeal and...
Members can choose to maintain, transfer or withdraw their savings depending on their destination and employment terms
Women borrowers in India grow to 8.9 crore, outpacing men with 14.2% credit growth
Hidden loans can quietly hurt your credit score; here’s how to catch and fix them promptly
Women borrowed more than men in just two cities, but the average loan size for women across...
Lender is tightening its fee structure from April 1, raising debit card charges and introducing higher penalties...
India-based multi-national IT companies were the primary driver, recording a 55 per cent hiring surge
This project will offer residential development with an estimated revenue potential of over Rs 4,500 Crore, comprising...
While municipal authorities possess the legal power to auction homes for unpaid tax, they must follow a...
Understanding variable Annual Percentage Rate essential to avoiding sudden debt spikes caused by shifting interest rate cycles,...
Affluent Indians are increasingly prioritising pure protection over tax planning, with over half of high-net-worth individuals now...
Regulator flags surge in pre-investment scams as it expands AI-driven surveillance, verification tools and awareness campaigns
Bank will overhaul vault security with mandatory Aadhaar biometrics alongside a steep restructuring of locker rental tiers...
Confused about Holi 2026 bank holidays? Check where banks are shut on March 3 and March 4...
Gemini said Travel Alert: What to Do If You Have Flights Booked to or via the Middle...
Sushmita Sen Rents Out Oberoi Exquisite Unit; Monthly Rent to Hit ₹2.14 Lakh by Year 3
The most reliable strategy during geopolitical stress is to stay invested, diversify sensibly, and use periods of...
The High Court held that only 30 days of limitation survived after applying TOLA and Supreme Court...
Delhi High Court held that seismic survey services in connection with exploration of oil cannot be held...
The Tribunal held that an appeal filed before a Bench lacking territorial jurisdiction is not maintainable and...
The Tribunal held that EIS paid to originators is not subject to TDS because the originator had...
The Court directed the PCCIT to appoint a senior officer to re-examine a refund claim where both...
Courts have questioned the practice of denying ITC by calling suppliers “non-existent” while simultaneously taxing outward supplies....
Invoking powers under section 27 of the Act, the State Government introduced the 2026 Amendment Rules without...
The Central Excise (Amendment) Act, 2025 restores excise duty powers after the cessation of GST compensation cess....
The Budget introduces a ₹10,000 crore SME Growth Fund and GST interest relief, while imposing mandatory late...
Under the CGST Act, executives responsible for company operations may face prosecution unless they prove due diligence....
EPFO keeps EPF interest rate unchanged at 8.25% for FY26; what it means for retirement savings and...
Credit card EMIs help split large purchases into manageable monthly payments, but understanding charges and terms is...
Thousands of flights have been cancelled amid US-Iran tensions, but many travel insurance policies may not cover...
War-linked travel disruptions, evacuations and stranding costs remain largely excluded under standard travel insurance policies, experts say
For long-term investors, the most reliable strategy during geopolitical stress has remained unchanged: stay invested, diversify sensibly
Travel perks to cashback offers, here’s how top credit cards cater to shopping, lifestyle and everyday spending...
This investment-first mindset is directly influencing property type preferences, with multi- storey apartments dominating at 52% of...
Over 10 million Delhi residents now have ABHA IDs. Here’s how digital health records can ease treatment...
State employees can choose between NPS and assured 50% pension scheme
The Vastion is set within a mature mango orchard, where fully grown trees form an intrinsic part...
Stacking Up in Bengaluru: Airbus Secures 3rd, 4th, and Ground Floors for ₹97 Lakh a Month
Tribunal held that rejection of the Project Completion Method was invalid as the Assessing Officer did not...
Tribunal held that application software licences with limited duration and no ownership rights are revenue expenditure. It...
FAQs on TCS under Income Tax Act, 2025 as amended by Finance Bill, 2026, covering rates, exemptions,...
Draft Rule 146 prescribes fixed conversion formulas for slot and space charters, defines qualifying incidental shipping income,...
Draft Rule 147 requires Board orders issued under section 239(3)(a) to be published through Gazette, official website,...
Practical client KYC checklist for GST professionals to reduce exposure under Section 122(3A) and document safeguards against...
The Madras High Court quashed GST assessment orders passed under Section 74 after finding that no personal...
Madras High Court quashed assessment under Section 74 as no personal hearing was granted and the same...
The Court refused to interfere with the reassessment order, noting that sufficient opportunity was provided pursuant to...
The Calcutta High Court held that passing an adverse order without granting mandatory hearing under Section 75(4)...
Bombay High Court held that adjustments under Section 143(1)(a) are invalid if prior intimation is not issued...
Rule 129 prescribes notice and forms for Section 274 reference, detailing objections, tax benefit basis, and Commissioner’s...
Rules 127 and 128 of the Draft Income-tax Rules, 2026 restrict GAAR impact to the tainted part...
Draft Rule 126 of the Income-tax Rules, 2026 limits eligible activities of IFSC-based Finance Companies and mandates...
Draft Rule 125 of the Income-tax Rules, 2026 mandates Form 61 authorization filing and extensive ownership disclosures...
The Court declined to exempt the Managing Director from appearance under Section 70 CGST, noting he verified...
The Gujarat High Court held that when exported goods qualify as zero-rated supply and no tax is...
Section 60 of the CGST Act allows temporary tax payment when liability is uncertain, ensuring business continuity...
The Court declined to entertain a writ petition challenging GST registration cancellation because statutory remedies under Sections...
The AAR held that flavored non-alcoholic beverages without fruit pulp fall under tariff item 22029990 and attract...
Draft Rule 66 requires mandatory audit, Form 32 filing, and section-wise document submission for claiming deductions under...
Draft Rules 63–65 prescribe strict approval, notification, and compliance conditions for universities, sports bodies, and rent deduction...
Rule 62 mandates that deductions under Section 128 for specified serious diseases are allowed only when supported...
Rule 61 of Draft Income-tax Rules, 2026 prescribes medical authority certification and Form 30 for autism, cerebral...
Draft Income-tax Rule 60 permits carry forward of accumulated loss and unabsorbed depreciation in amalgamation only if...
The provision extends penalties to “any person,” exposing tax professionals to liability for alleged facilitation of GST...
GST applies to under-construction properties while land and completed buildings remain exempt. The regime includes 1% and...
The appellate authority held that the advance ruling was declared non-maintainable due to absence of invoices and...
The Authority held that consultancy services for a fire station and parking project were pure services provided...
The GST Appellate Tribunal held that Section 171 does not apply where the housing project began and...
Retirees get opportunity to secure guaranteed returns as fixed deposit rates climb above 8%
Overhaul of mutual fund categories introduces tighter thematic rules to improve transparency and align Indian investment products...
High-yield small finance banks outpace major lenders as data reveals a significant interest rate gap for investors
Largecap equities may gain traction in 2026 as metal returns stabilise after a strong rally last year
Airline ticket new rules: New framework by aviation regulator mandates free name corrections and 14-day refund timelines
Starting April 1, 2026, the industry will move away from international benchmarks and anchor itself to the...
According to a latest report by Monarch AIF, nearly 80% of India’s broader listed universe (companies above...
The unit having an area of 365 sq. m. (3,929 sq. ft.). The agreement includes four car...
ITAT Mumbai deleted the Section 68 addition on LTCG from listed shares, holding that documentary evidence, STT...
Budget 2026 introduces sweeping retrospective amendments affecting limitation, reassessment jurisdiction, DIN validity, and TPO timelines. The changes...
The ruling affirms India’s shift from literal interpretation to a substance-based tax regime. It clarifies that transactions...
Rule 51 limits Indian resident participation in original funds to 5% for specific AIF transfers, while Rule...
Draft Rule 50 provides a formula-based mechanism to attribute income taxed under Section 67(10) to capital assets...
The Court quashed a composite assessment order, holding that Sections 73 and 74 require separate show cause...
Tripura HC held ITC cannot be denied under Section 16(2)(c) if buyer is bona fide and no...
Observing that the charge-sheet had been filed and the maximum punishment under Section 132 was five years,...
Explains how Place of Supply rules decide whether CGST/SGST or IGST applies and which State receives revenue....
The Calcutta High Court held that amounts already deposited with CGST authorities, not linked to any outstanding...
Senior citizens get a slightly higher rate of interest on fixed deposits across public and private banks,...
While the PPF remains a top-tier savings tool, rules prevent investors from doubling tax benefits through multiple...
Inflation and longevity risks can nearly double the required retirement savings for those relying on fixed income
Fund review: Mirae Asset ELSS Tax Saver Fund
Cash deposits, property deals and investments above set limits are automatically reported to the Income Tax Department...
Delhi expands Ayushman Bharat scheme to provide a critical financial safety net against rising healthcare costs for...
India could retain an estimated $113 billion in foreign currency by 2040, significantly reducing the remittance outflows...
Currently, you only declare the rent amount paid. Under the new rules, you must also state if...
The top four banks (HDFC Bank, SBI, ICICI Bank, and Axis Bank) continued to dominate, accounting for...
Gold held its gains on multiple structural supports. Silver ran harder because it’s caught between tightening supply...
Introduction The taxation of capital gains is one of the most significant components of India’s direct tax...
The Court quashed withdrawal of tax exemption after holding that franchise fees from affiliated schools were only...
The Court held that while duty drawback is not eligible for Section 80-IC deduction, excise and customs...
The Tribunal held that reopening beyond three years was invalid since the alleged escaped income, after considering...
Arulcheyal Kainkarrya Sabha Vs CIT (Exemptions) (ITAT Chennai) The appeals before the Income Tax Appellate Tribunal (ITAT),...
The Madras High Court condoned a 150-day delay in filing a GST appeal, accepting the explanation of...
The High Court revoked cancellation of GST registration and directed portal modifications to enable compliance. ITC utilization...
The Court held that a genuine mistake in revised TRAN-1 and TRAN-2 filings cannot nullify substantive transitional...
The Court held that the Appellate Authority has no power to remand matters to the adjudicating authority...
The High Court granted regular bail in a GST evasion case, noting that the arrest memo did...
Certified financial analyst lists multiple options to lower effective tax rates under Income Tax rules
By combining full equity exposure with data-driven engagement, the regulator aims to transform NPS Vatsalya into a...
Fact-check unit warn that the fraudulent pitch uses AI-generated content and impersonates the Finance Minister to target...
From compliance gaps to legal mandates, understanding the specific trigger behind a restricted account is the first...
The state pivots from ad hoc relief to a dual-trigger insurance model to secure fiscal stability and...
Motilal Oswal continues to maintain buy on dips stance from medium to long-term perspective.
The Reliance Retail Reign: Leading a New Breed of ₹1,000 Crore Unlisted Powerhouses
Draft Income-tax Rules 2026 mandate Form 5 for preliminary expense statements under Section 44 and Form 6...
Orissa High Court held that post search operation all pending assessments/reassessments doesn’t not automatically get abated as...
The Tribunal held that the disallowance of share purchase cost under Section 115BBE, arising from alleged bogus...
ITAT Bangalore held that revisionary power u/s. 263 of the Income Tax Act is not justifiable since...
ITAT Hyderabad held only ₹1.24 crore accumulation from A.Y. 1994-95 survives for possible Section 11(3) taxation; earlier...
Observing that Rule 86A is meant to secure revenue pending adjudication, the Court found the officer’s stance...
The High Court set aside the appellate order for questioning transaction genuineness without prior notice, reiterating that...
The Court restored GST registration cancelled for six months non-filing of returns, accepting financial hardship as a...
Madras HC Dismisses Plea Against GST Registration Cancellation Over Suspicious E-Way Bill, ITC Claims, Dual GST Registration...
The High Court quashed cancellation and revocation rejection orders, holding that the show-cause notice lacked material particulars....
Fraudsters are sending messages urging people to download an unknown app, it warns
Ruling clarifies that assets can be seized if illicit funds are sent abroad, effectively ending the immunity...
Explurger founder Jitin Bhatia says the platform’s Nebu AI and auto travel log are built to make...
Higher-ticket loans show better credit performance compared to small-ticket loans.
EPFO launches automated refund drive to return Rs 30.52 cr from 711,000 inoperative accounts to members and...
RBI issues redemption calendar for 33 tranches of Sovereign Gold Bonds maturing between April 1 and Sept...
One in five has faced financial setbacks due to the technology’s impact, according to BankBazaar Aspiration Index...
Inside the ₹28 Crore Property Portfolio of Suryakumar Yadav & Devisha Yadav
If a “government” letter asks for your bank details or a quick UPI transfer to “clear” your...
Skills are becoming the new currency of pay, with premiums rising 30-40% for AI, ML, cybersecurity, and...
Supreme Court held that commercial wisdom of Committee of Creditors [CoC] is non-justiciable. Stalling CIRP on account...
Rule 26 clarifies when payments exceeding ₹10,000 in cash will not face disallowance under sections 36(4) and...
ITAT Indore held that Section 249(4)(b) does not apply in reassessment proceedings where no advance tax obligation...
ITAT Raipur held that Section 249(4)(b) applies only where advance tax was legally payable. In absence of...
Rule 25 restricts depreciation to 40% WDV for specified taxpayers opting for concessional tax regimes. The rule...
Explains how influencer earnings from collaborations, barter transactions, affiliate marketing, and digital courses are taxed under GST...
The Authority held that ordinary paper bags under Heading 4819 do not qualify for the 5% rate...
The AAR held that services like printing, result processing, and online form filling for examinations are exempt...
The Authority held that a works contractor registered in Uttar Pradesh is not required to obtain separate...
The Authority held plastic compostable bags classifiable under HSN 3923 29 90, and clarified that 5% GST...
From EPF to scholarships, here is how certain incomes remain completely outside the tax net under current...
Experts explain penalties, credit score hit and when NPA risk begins
Net inflows into sectoral/thematic funds drop by 88.44% on year-on-year basis at Rs 1042.56 crore in January...
Move restores pre-2014 higher pension route, but only for employees who had opted earlier with employer
Higher allowance from March salary and April pension, arrears order awaited
Fake calls and links are being used to dupe bank customers, PM says, stressing timely re-KYC and...
A preliminary internal review indicates that the matter is confined to a specific group of government-linked accounts...
The landowners in the deal are Sahana Properties and Resorts Private Limited and Sahana Builders and Developers...
The High Court quashed an assessment order passed without granting personal hearing despite a written request. It...
The Court ruled that excise duty refund received under an incentive scheme was a capital receipt and...
The High Court dismissed the appeal holding that stock statements forming the basis of overdraft drawing power...
The Court set aside the Section 197 order holding that distribution fees were treated as royalty without...
ITAT Mumbai held that reassessment beyond three years is invalid if approval is not obtained from the...
The High Court set aside a GST order confirming ITC demand under Section 74 as the authority...
The Court found inconsistency in the service date of the show cause notice and held that no...
The Court ruled that issuing a common notice for different financial years violates established precedent, though fresh...
The High Court held that delay beyond the maximum 120-day period under Section 107 of the GGST...
The High Court granted anticipatory bail in a GST fraud case, noting that the allegations were primarily...
The assessees long-term capital gains claim was upheld as genuine. In absence of direct evidence linking the...
ITAT Mumbai quashed reassessment beyond 3 years as escaped income was ₹37.76 lakh ( The post Reopening...
Reassessment based solely on investigation inputs about penny stocks was rejected. The Tribunal held that documented transactions...
The Tribunal ruled that reopening beyond three years requires approval from higher specified authorities under Section 151....
ITAT Mumbai deleted ₹6.15 lakh penny stock LTCG addition, holding investigation report and abnormal price rise insufficient...
Appeals dismissed as time-barred through FORM GST APL-02, without a reasoned order under Section 107, may deny...
This guide clarifies the legal and constitutional differences between tax, duty, cess, surcharge, and fee. Understanding these...
The GST framework has expanded nationwide adjudication powers for DGGI cases through Notification 27/2024. Additional and Joint...
Clinical Trials for Foreign Entities Not Taxable in India as Place of Supply Is Abroad: Karnataka HC
Clinical Trials for Foreign Entities Not Taxable in India as Place of Supply Is Abroad: Karnataka HC
The Karnataka High Court ruled that clinical-trial and pharma R&D services to foreign clients qualify as export...
elying on Supreme Court precedent, the Court upheld ITAT’s finding that reopening based on reappraisal of existing...
The government introduces unified safe harbours, faster APAs, and reduced litigation burdens to enhance certainty for multinational...
Even under the new tax regime, employer contributions to NPS remain deductible under Section 80CCD(2). This reduces...
Budget 2026 introduces a six-month window to regularise undisclosed foreign assets with reduced penalties and immunity under...
The ITAT Bangalore held that penalty under Section 270A for alleged underreporting and misreporting of income could...
From 1 February 2026, most tobacco products attract 40% GST with excise-based levies replacing compensation cess. GST...
The High Court set aside an ex parte GST order after finding lack of proper service and...
The Court held that CBIC Master Circulars require mandatory pre-consultation before issuing high-value excise/service tax demands, even...
The Court held that Section 73 does not prohibit issuance of multiple show cause notices for the...
Section 74A introduces a single GST demand provision for fraud and non-fraud cases from FY 2024-25 onwards....
‘Most cases end in settlement, not jail,’ say lawyers, but ignoring the 15-day notice can trigger court...
Video circulating on Facebook is ‘entirely fabricated’ and impersonates Finance Minister Nirmala Sitharaman
95% Claims Settled, But NRIs Still Struggle Managing Parents’ Health Insurance
Know about corpus slabs, annuity norms, lump sum limits and payout options under the All Citizen Model
Revision in bank’s internal benchmark rate could lead to reduced interest costs for existing borrowers once their...
₹79 lakh wiped out in crypto scam: The danger of WhatsApp tips
Withdrawal rules change with corpus size and they work differently in volatile markets
15 Years, No Possession: ED Acts in ₹82 Cr Gurugram Case
The deal pertains to a flat in Bay Heights, located on Krishna Chandra Marg in Bandra Reclamation-one...
Indian tax law taxes not just salary but also perquisites like rent-free accommodation, company cars, and stock...
Budget 2026 replaces certain procedural penalties with fixed fees, aiming to reduce tax litigation and enhance compliance...
The Draft Income-tax Rules, 2026 require salaried taxpayers to disclose their relationship with landlords, enabling enhanced scrutiny...
The Tribunal held that reassessment under Sections 147/148 is invalid when the assessment year is the year...
The Tribunal held that revision under Section 263 is invalid where the Assessing Officer examined records and...
ITC under Section 17(5)(c) is restricted only when repair or renovation expenses are capitalised. Revenue expenses remain...
Courts clarify that ITC can be blocked only on recorded “reasons to believe” supported by concrete evidence....
Telangana High Court held that rejection of refund application by refund sanctioning authority not sustained since authorities...
सेमिनार में अधिवक्ताओं ने अपील फाइलिंग, फीस त्रुटि और क्षेत्राधिकार संबंधी समस्याओं को उठाते हुए पोर्टल सुधार...
The Court set aside the remand order after finding legal infirmities in compliance with arrest safeguards under...
From red-carpet validation to heirloom investment, the six-yard classic is evolving from tradition-bound attire to a global...
Fund review: ICICI Prudential Short Term Fund
NRIs’ overseas health plans may not be accepted in Indian hospitals since they may not have the...
New MAD formula may raise monthly minimum payouts; lounge access now linked to Rs 75,000 quarterly spend
Fake 8th Pay Commission salary links on WhatsApp may install malware and enable unauthorised bank withdrawals, government...
Portal enables digital submissions for legal heirs and nominees, promising a 15-day turnaround and waiving third-party surety...
HSBC Multi Cap Fund outperforms across market caps in 3 years
The move expands eligibility to families earning up to Rs 1.20 lakh annually while introducing stricter verification
NCR saw highest growth of 30% in avg. flat sizes among top 7 cities – from 1,890...
The cards, available in two variants – IndiGo Axis Bank Credit Card and IndiGo Axis Bank Premium...
The Tribunal held that cash deposits cannot be treated as unexplained when the bank account is recorded...
The Tribunal ruled that admission of fresh evidence without AOs examination violated procedural rules. The deletion of...
The Tribunal found non-compliance with statutory duties under Sections 250(4) and 250(6). The dismissal on delay alone...
When a scheduled video hearing under faceless assessment is not attended by the officer, the opportunity becomes...
The Tribunal ruled that Section 40(a)(ia) cannot be used to penalize deduction under an incorrect TDS provision...
The Bombay High Court held that a single show cause notice under Section 74 covering multiple financial...
The analysis confirms that export of legal services qualifies as zero-rated supply under Section 16 of the...
The Supreme Court held that refund under Section 54 of the CGST Act is not payable to...
The AAR held that shaving foam and shaving cream are distinct products based on composition, packaging, and...
The Authority rejected classification of plastic sterile aprons and shoe covers under garment heading 6210. It held...
Comprising 124 residences with an average ticket size of approximately ₹25 crore, Belanova is positioned as a...
A recent study by Abakkus Mutual Fund cited that nearly 50% of small-cap stocks (with market cap...
Whether your FD is with a large, well-known bank or a small finance bank, the insurance cover...
Commercial cooperation framework to explore boosting connectivity and more consistent travel experiences between India and Europe
Budget 2026 introduces the new Income Tax Act, 2025 effective 1 April 2026. The existing law will...
The Court ruled that reopening based solely on an audit objection amounts to change of opinion if...
The AO recorded reasons for escapement without receiving confirmation from the Sub-Registrar. ITAT ruled that absence of...
The ruling emphasized that tax authorities must gather evidence instead of relying on coerced admissions. Additions made...
The Tribunal emphasized that assumptions based on common names cannot justify major tax additions. Without documentary linkage...
The GSTAT found that ITC reversal claimed by the developer was not factored into the original computation....
The anti-profiteering investigation calculated profiteering due to enhanced ITC under GST. As the developer passed on the...
Courts are moving away from treating absence of DIN as automatically voiding tax notices. If the document...
Kerala High Court held that importer mis-declared semi-dried dates imported by them as fresh dates hence IGST...
The Court held that ITC cannot be mechanically reversed merely because the supplier failed to pay GST....
An opportunity to invest in 50 ‘high momentum’ stocks, from its parent Nifty Midcap 150 index, selected...
The month recorded 207 deals worth USD 7.2 billion, including IPOs and QIPs, marking an 11% decline...
2026: IDFC FIRST Bank launches Hello Cashback Credit Card, a fixed-deposit-backed offering designed to make credit more...
Conversion time across top cities b/w 2020 & 2025 was lowest in 2022 (22 days)
Registration was cancelled over doubts about a large NRI donation. The Tribunal held that receipt of donation...
The article analyses proposals to expand tax-free income and rationalise slabs, arguing that higher thresholds would better...
Explains how agricultural income is defined under the Income Tax Act and why it is exempt under...
Tax liability depends on days spent in India, not citizenship. Understanding ROR, RNOR, and NR status determines...
The Tribunal held that reopening beyond three years is impermissible where alleged escaped income is below ₹50...
The Court ruled that provisional attachment under Section 83(1) cannot continue beyond one year as per Section...
The Authority held that delivery charges collected from unregistered consumers are exempt from GST when classified as...
Overseas Indians are opting for Indian health plans for lower premiums, GST relief and AI-led onboarding, says...
Domestic gold ETFs saw a massive Rs 240 bn of inflow in January 2026, dwarfing the flows...
South Delhi remains NCR’s hottest luxury housing market in 2025
According to WhiteOak Capital Mutual Fund, its in-house model-Market Valuation Index-has moved down to 99 in January...
Up to 30% of NPS savings may be earmarked for medical expenses. ICICI, Axis, Tata pension funds...
The acquisition includes one flat with a carpet area of about 2,004.8 sq ft, along with two...
One of the main ways the government raises money is through taxes, which also have a big...
The High Court granted a second opportunity after finding that assessment orders were passed without reply, as...
High Court held that compensation received for termination of trademark rights in AY 1997-98 was a capital...
The Tribunal upheld penalty for non-filing of return under Explanation 3 but ruled that computation must reduce...
ITAT Amritsar upheld rejection of 12AB registration after finding that only ₹2.51 lakhs out of ₹40 lakhs...
GST for Charities & NGOs: The Big Changes You Must Know (Registration Relief, ITC Blocks, RCM Shifts...
The Court held that bona fide purchasers cannot be denied ITC merely because the supplier failed to...
The High Court granted a post-decisional hearing after finding that a proper Chartered Accountant’s certificate with UDIN...
The High Court ruled that mud engineering services and related chemicals supplied under a drilling contract are...
Relying on the retrospective insertion of Section 16(5), the Court quashed orders reversing ITC as time-barred. The...
ITAT Delhi ruled that non-response by suppliers to Section 133(6) notices alone cannot justify treating purchases as...
The ITAT Kolkata held that where assessment is completed under Section 143(3), alleged earlier non-compliance with notices...
The Tribunal ruled that undated, unsigned loose sheets lacking independent evidence cannot justify additions under Section 153A....
The Tribunal held that once the return is accepted as valid under Section 139(1), denial of carry...
ITAT held that approval by the Principal Commissioner was invalid where more than three years had elapsed...
While the Bharatiya Sakshya Adhiniyam follows the rule that the asserting party must prove its claim, Section...
Madras High Court held that affiliation fee collected by the Universities does not fall within exemption hence...
The High Court ruled that refund of unutilised ITC on exports cannot be rejected solely due to...
Recent AAR rulings have raised questions on whether ITC on imports is subject to Section 16(4). While...
GST treatment of reimbursements depends on whether the supplier qualifies as a pure agent under Rule 33....
Gold remains the most trusted investment for young Indians despite growing access to modern financial products, with...
The Tribunal held that non-filing of Form 10CCB along with return is a curable defect. A genuine...
ITAT held that a portion of cash paid could reasonably be sourced from accumulated withdrawals from joint...
The Tribunal held that assumption of jurisdiction under Section 153C was invalid due to a defective and...
ITAT Mumbai held that transfer pricing addition made in respect of Letter of Comfort rightly deleted since...
The Tribunal held that acceptance of returned income without examining material indicating possible unaccounted cash investment amounts...
Karnataka High Court held that refund of accumulated Input Tax Credit in case where the input and...
Fixed deposit rates appear to have peaked after RBI’s repo moves. Here’s where banks and corporate FDs...
The need-cum merit scholarship will provide 100% tuition fee waivers to recipients over multiple years, beginning with...
The new tax regime hasn’t reduced ELSS performance – but it has reduced the tax incentive to...
The Supreme Court on Thursday said it is high time all states rethought the constitution of the...
“So, the economy is no longer narrow, and it’s not just confined to the elite. The middle-class...
The Tribunal held that the scope of enquiry at the registration stage is limited to objects and...
Observing that the assessee invested the entire share of sale proceeds within two years and obtained possession,...
Booking.com platform earning of commission income is not taxable in India since AO has failed to discharge...
ITAT Mumbai held that securitisation trusts, cannot be assessed as an AOP, are revocable within the meaning...
ITAT Mumbai held that the disallowance under section 14A of the Income Tax Act read with rule...
The Court partly allowed the writ petition, noting that the petitioners claim was found genuine upon verification....
The High Court dismissed the petition challenging GST assessment orders due to unexplained delay. It held that...
The High Court held that salaries paid to foreign employees are excluded from GST under Schedule III...
The Court held that pendency of a Supreme Court challenge on fish meal GST does not waive...
The Supreme Court held that refund of GST collected and passed on to consumers must be credited...
Fund review: Bandhan Short Duration Fund
The survey reveals that 66.7% of the respondents’ purchases today are largely personal decisions, and 61.9% report...
Sales of homes priced under Rs 1 cr dips 15% YoY & that above Rs 1 cr...
Bank strike on February 12: Trade unions have called a nationwide strike on February 12, 2026. Here’s...
Jan’26 witnessed sharpest outflow of Rs333bn since Aug’25. FMCG, healthcare and consumer services saw highest outflows in...
Investors should hold – not chase – gold and silver rally
The Supreme Court upheld the High Court’s ruling that reassessment beyond three years requires sanction under Section...
The Delhi High Court held that reassessment beyond three years requires approval under Section 151(ii). Notices issued...
The Supreme Court dismissed the Revenue’s plea and affirmed that TCS under Section 206C(1C) applies only to...
The High Court held that TCS under Section 206C(1C) applies only to lease or licence holders paying...
The Court held that reassessment proceedings cannot be quashed merely due to factual disputes. In absence of...
The Rajasthan High Court directed release of confiscated arecanuts upon furnishing security equal to the invoice value,...
The Court held that assessment for FY 2024–25 cannot be passed under Section 74 after its omission...
The High Court upheld the GST assessment order, ruling that delay in filing the writ and presence...
The Court ruled that liability under Section 93 does not permit tax determination against a deceased proprietor....
The High Court held that arrest was not necessary in a dispute over a GST overdraft arrangement....
Multi-asset funds see ₹20,000 crore inflows in diversification push
Monthly SIP inflows stayed above ₹31,000 crore, showing that retail investors continue to invest regularly despite market...
ut of 8.80 cr tax returns filed for AY 2025-26, 24.64 lakh pending for processing for over...
The Tribunal held that once depreciation on goodwill is allowed in the first year, it cannot be...
The ITAT held that an assessment and appellate order passed without effective participation, allegedly due to notices...
The High Court held that a reassessment notice issued after expiry of the six-year period under the...
The Court found no merit in interfering with the High Court’s order setting aside a belated reassessment...
The law now taxes debt-heavy funds, MLDs, and certain international products as short-term at slab rates. Investors...
Holding that responsibility for delay required factual adjudication, the High Court refused to exercise writ jurisdiction and...
The Court ruled that GST proceedings initiated under Section 74 for FY 2024–25 were without jurisdiction and...
The Court held that reimbursement claims cannot be processed without required documents and ordered verification before releasing...
The Court held that once statutory documents establish genuine purchases, ITC cannot be denied under fraud provisions....
Budget 2026 proposes deleting the special intermediary rule, shifting place of supply to the recipient’s location. This...
Your taxes, your transactions: Draft rules propose big changes
The lease agreement for the unit at Trade Centre BKC, located in Bandra East, was registered in...
The asset classes that seem to offer some comfort are the much-ignored debt (looks attractive relative to...
The move is aimed at making EPF access more convenient for the organisation’s nearly 8 crore members,...
During the October-December quarter, rental demand fell 2.4% compared to the previous quarter, but rents still increased...
The Supreme Court confirmed that reassessment powers under Section 148 cannot be used to bypass the statutory...
The Court held that reassessment based solely on material seized in a third-party search must proceed under...
The Supreme Court refused to interfere with the High Court’s direction to process Section 10(46) applications. The...
The High Court held that statutory bodies can surrender approval under one exemption provision and seek notification...
The High Court held that failure to pass a reasoned final order on an informant’s reward violates...
Form GST DRC-01A is intended to inform the taxpayer about the proposed demand and to provide an...
The Delhi High Court refused to quash the CBIC circular assigning “proper officer” functions, holding that it...
The Court quashed a GST demand where discrepancies arose from double entry in returns, granting a fresh...
The High Court allowed manual filing of GSTR-3B where ITC could not be claimed due to an...
The Court held that ITC could not be denied where the March 2020 return was filed before...
‘Buy, hold or book profits should be based on allocation, not emotion,’ say experts
Legal experts explain when children or grandchildren can inherit FDs, what nominees can do, and which documents...
UIDAI’s biometric lock feature lets users block fingerprint and iris authentication, adding an extra safety layer against...
Draft norms propose standard crop seasons, tech spend cover and loan limits linked to scale of finance...
State panel to review pay, allowances and service conditions, revision may lift take-home pay and retirement benefits...
According to property registration documents, the flat is located in Navroz Apartment in Pali Hill.
I-T dept invites stakeholder views on draft rules, forms under new Income Tax Act
Learn how Section 87A rebate works with LTCG u/s 112A under the new tax regime for FY...
Explains how the new tax regime under Section 115BAC impacts higher-income salaried taxpayers, analysing the 25% slab,...
The Tribunal remanded the case after finding that the addition was made solely on Investigation Wing inputs...
The ruling clarified that increased expenditure in one year, by itself, does not permit partial disallowance. The...
The High Court held that quick repayment alone cannot establish a paper transaction when identity, creditworthiness, and...
The Court held that issuing a single assessment order covering several financial years is without jurisdiction. Separate...
The draft rules cut down the number of rules and forms significantly through consolidation. This signals a...
This article explains how Section 54EC allows exemption from long-term capital gains through investment in notified bonds....
Revenue argued that control and fixed hours created employment. The Tribunal ruled that such controls ensure discipline...
The issue was how cryptocurrency income is classified for tax purposes. The framework holds that transfers fall...
The Revenue treated cash deposits as unexplained under Section 69A despite matching withdrawals and opening cash balance....
The High Court examined whether delay beyond the limit prescribed under GST law could be condoned. It...
Reiterating limits under Sections 73 and 74, the court ruled that combining several tax years into one...
The issue was whether accused persons in alleged GST evasion were entitled to bail. The Court held...
The issue before the SC was whether continued custody was justified after filing of the charge sheet....
The AAR held that royalty paid for mining leases is consideration for licensing services to use minerals....
ITAT held that CPC cannot deny charitable exemption under section 11 through section 143(1) adjustment without issuing...
The ITAT held that unsupported DCF valuation could not justify high share premium. The addition under Section...
The Tribunal held that a short delay caused by hospitalisation must be condoned when supported by evidence....
The ITAT condoned a 66-day delay after accepting that the trust was unfamiliar with the income-tax e-filing...
The Court held that an assessee cannot be denied TDS credit or saddled with tax demand when...
Explore how optimising working capital through January 2026 GSTR-3B updates transforms financial management and compliance. The post...
The Court allowed the assessee to seek revocation of GST cancellation and regularise returns after expressing willingness...
The High Court held that claiming ITC in April for goods received then, though invoiced in March,...
The Court quashed rejection of a GST rectification application after finding that reconciliation statements and portal records...
The case addressed cancellation of GST registration due to non-filing of returns. The High Court allowed the...
With EMIs unlikely to change immediately, the focus shifts to optimising tenure, prepayments and spreads
Move could widen funding options for income-generating real estate assets
Regulator asks insurers to conduct ‘root-cause analysis’ of complaints and improve oversight of agents, brokers and digital...
As RBI holds policy rates, the gap between floor and ceiling rates means a borrower’s credit score...
Investors should act now to lock in high-yielding fixed deposits as central bank keeps interest rates at...
Senior citizen best fixed deposit interest rates: With the repo rate unchanged at 5.25%, depositors may still...
With EMIs steady after the MPC’s first 2026 decision, experts say borrowers should reassess loan terms instead...
Markets regulator Sebi on Thursday proposed to extend the facility of standing instructions for Systematic Withdrawal Plans...
The new law replaces dividend-style taxation on buybacks with capital gains treatment. Retail investors now pay tax...
The Finance Bill, 2026 replaces automatic tax-free redemption with strict eligibility conditions. Only original subscribers holding bonds...
The issue highlighted is Budget 2026’s failure to address everyday compliance and procedural problems. The key takeaway...
The Bill retains corporate tax rates while rationalising MAT and offering targeted incentives for IT, cloud services,...
The tribunal held that additions made solely on the basis of a statement recorded from an employee...
The Tribunal held that where the input tax credit ratio reduced in the post-GST period, no additional...
The Tribunal held that increasing base prices after a GST rate reduction defeated the statutory mandate of...
The Court held that once late fees are imposed for delayed filing of returns under Section 47,...
The issue was whether writ jurisdiction could be used to condone delay beyond 120 days under GST...
The issue was fragmented visibility of GST notices across multiple tabs. The key takeaway is that all...
Here is a selected list of the best term insurance rates from various insurers for young male...
Tax exemption on acquired land compensation gets legal clarity from April 2026; urban and non-farm plots also...
Fund review: Kotak Equity Opportunities Fund
Indian families turning to disciplined financial planning for such events, it says
Medical inflation and prolonged, multi-stage care leave many Indian families underinsured, it says
Real sinals are embedded in the Budget document-policy continuity, withdrawal of customs duties on manufactured goods, and...
Securing absolute ownership requires a formal update to the Vahan portal to prevent legal hurdles and insurance...
Large caps/hybrids should be considered as portfolio anchors for 2026, complemented by staggered, selective exposure to mid...
The old tax regime refers to the income tax calculation and slabs that existed before the introduction...
This covers how unexplained credits and investments are taxed under Sections 68 to 69D. The key takeaway...
The case involved a penalty for alleged non-disclosure of a foreign bank account. The Tribunal held that...
The ruling held that reassessment proceedings initiated after the permissible period were legally unsustainable. The decision reinforces...
The issue was whether timely issuance was enough when notice was served after limitation. The court held...
Madras High Court held that Tax Recovery Officer doesn t have authority to declare mortgage as void-ab-initio....
The GST portal has revamped GSTR-3B filing to improve interest calculation, ITC usage, and reporting accuracy. Taxpayers...
Courts have clarified that summons, audits, and investigations do not amount to initiation of proceedings under GST....
The court held that appeals filed beyond the three-month period plus one-month condonable window under Section 107...
Following the High Court’s ruling on limitation, the Supreme Court dismissed the SLP as withdrawn. The decision...
The court ruled that a petitioner cannot re-agitate merits after appeal and writ remedies fail on limitation....
Standard deduction cannot be claimed on freelance, interest, rental or business income, say experts
EPFO said the rationalisation will serve the interests of all stakeholders by ensuring convergence between the Income...
The property was sold by Ravi C Raheja and Sumati R. Raheja to Radha Girish Tanti.
Bank locker safety is not absolute. Here’s how costs, RBI rules and liability caps work before you...
Study finds financial anxiety drops 6-7 points when families hold four or more insurance policies across income...
Scrapping incentives vs resale value- what really puts more money back in your pocket
One free date change on all bookings made during sale period
The Bill simplifies filings, eases compliance, and boosts certainty. Key takeaways include revised deadlines, MAT changes, and...
The scheme allows eligible taxpayers to disclose undisclosed foreign assets or income with immunity from prosecution. The...
Relying on precedents including rulings of the Delhi High Court, the Tribunal held that extrapolation across years...
The Tribunal held that once business receipts are taxed on an estimated basis, separate additions for payments...
The Budget introduces a new Income-tax Act, eases compliance, and rationalises penalties. The key takeaway is a...
Recent Landmark GST Rulings: Key Takeaways for GST Practitioners – An analytical roundup of judicial trends shaping GST...
Budget 2026 revamps Customs, Excise, and GST to simplify compliance and boost exports. The key takeaway is...
The court held that amounts credited due to a clerical RTGS error cannot be retained or recovered...
The government outlined how GST 2.0 lowers tax burdens and simplifies compliance. The key takeaway is higher...
The Government clarified that GST delays attract fees, not penalties. Late fee collections remained under ₹2,000 crore...
It gives access to legal, forensic and recovery support, not just money reimbursement, say experts
While the market was already stretched, one of the triggers for the selloff came from a sharp...
Changes shift gold jewellery limits to a weight-based system and remove value caps on personal electronics to...
Compare old and new tax regimes to see how much you’ll actually pay on Rs 6-50 lakh...
India ranks 10 th in price growth with 9.6% annual growth; only APAC market in top 10
Investors face a narrowed tax-free window for Sovereign Gold Bonds as the Budget shifts focus back to...
Godrej Properties sells ₹3,000 crore worth homes and plots in Panipat, Worli
Budget 2026-27 has introduced a significant tax incentive for non-resident Indian (NRI) professionals who come to India...
The Finance Bill proposes a sharp increase in the penalty for failing to furnish information. The move...
The Bill proposes halving the tax rate on unexplained income from 60% to 30%. It signals a...
Taxpayers can now seek immunity even where under-reporting arises from misreporting. This is allowed on payment of...
Taxpayers can now seek immunity even where under-reporting results from misreporting. Payment of full tax, interest, and...
Federal cooperatives receive a temporary deduction for dividends earned from company investments made before 31 January 2026....
This article traces the dispute over taxing intermediary services under GST. The key takeaway is how policy...
The case examined whether a cinema operator passed on the GST reduction on ticket prices. The Tribunal...
The Bill introduces relief on post-supply discounts, export taxation, refunds and intermediary services. It also simplifies customs...
Limited but impactful GST amendments streamline valuation, refunds, and dispute resolution. The key takeaway is reduced litigation...
The Budget shifts intermediary services to a recipient-based place of supply and extends provisional refunds to IDS....
Lower TCS means less cash blocked upfront for medical spends and travel as well, say tax experts
Missed reporting a foreign bank account or asset after returning to India? Budget 2026 opens a one-time...
Budget 2026 cheaper, costlier full list: From overseas travel and medicines to umbrellas and alcohol, Budget 2026...
New regime typically wins unless deductions are high enough to tilt the calculation toward old, says expert
Tighter reporting norms bring crypto closer to mainstream financial standards: Experts
Key tax rule changes this year cover derivatives, buybacks, revised ITR timelines and crypto reporting penalties
The Tribunal held that while interest on enhanced compensation was taxable as per settled law, the exemption...
he Bill limits block assessments for other persons to the actual year of undisclosed income. The key...
The Finance Bill, 2026 converts key penalties for audit and reporting delays into mandatory fees. The shift...
The law now proposes a single consolidated assessment-cum-penalty order for under-reporting of income, reducing multiple proceedings and...
The Finance Bill, 2026 proposes to disallow interest deductions against dividend and mutual fund income. From April...
The High Court set aside a GST demand where no show cause notice or hearing opportunity was...
The court held that ITC disallowance under Section 16(4) became unsustainable due to retrospective statutory amendment and...
The High Court upheld dismissal of a GST appeal where the appellant failed to substantiate reasons for...
The court accepted medical treatment as an explanation for failure to file appeal in time but found...
The court addressed denial of a GST refund arising from repeated deficiency memos on a leasehold transfer....
Senior Citizens and Budget 2026: The proposal aims to cut paperwork and prevent unnecessary tax deduction for...
Retirement savings streamlined by removing 12% tax ceiling on employer Provident Fund contributions and providing companies with...
Budget 2026 keeps tax slabs unchanged, focuses on compliance relief and builds on last year’s middle-class tax...
Union Budget 2026 on compensation: The change, once enacted, will ensure accident victims receive the full interest...
Withdrawal of interest deductions on borrowed investment funds is set to increase tax costs for leveraged HNIs...
Budget signals a shift toward a less adversarial tax regime by extending return-filing deadlines to March, halving...
From revised banking fees and hiked tobacco duties, here is how the new financial regulations taking effect...
From lower TCS on foreign travel to easier equity access and property sale relief, Budget 2026 brings...
Union Budgeet 2026: Lower TCS rates under LRS aim to ease upfront tax costs for overseas education,...
Union Budget 2026 plan links SHG products, retail markets and easier finance for women-led businesses
The faceless assessment added all bank deposits as unexplained income without examining the commission-based business structure. The...
The Income-tax portal now allows digital filing of condonation requests for delayed trust forms. The key takeaway...
Industry expects higher exemption limits, revised slabs, and expanded deductions to increase disposable income and improve voluntary...
This session breaks down the major income tax amendments announced in the Union Budget 2026 in a...
This explains how the new law defines “income” using an inclusive approach rather than a fixed list....
This explains how salary income is taxed under Sections 15 to 19 of the 2025 Act. The...
The law mandates successor entities to file modified returns within six months of a reorganisation order. This...
Income-tax attachments can halt business and personal finances. Relief depends on identifying the correct legal trigger and...
The court ruled that delayed filing of Form 10 for income accumulation cannot defeat exemption when substantive...
A complete snapshot of February 2026 deadlines covering TDS, GST returns, QRMP filings, and payments. Helps taxpayers...
This article examines how GST enforcement shifts the burden of supplier failures onto bona fide buyers. The...
GST law continues to deny ITC on buildings and civil structures used in manufacturing. This significantly increases...
GST law bars returns after three years, but an approval-based unbarring facility offers limited relief. Filing is...
The GST portal now adjusts interest using minimum cash ledger balance during delays. Taxpayers must still verify...
The tribunal ruled that statements of third parties cannot be relied upon unless the assessee is provided...
The Tribunal confirmed deletion of additions where the AO made no effort to verify consignees, transporters, or...
ITAT Ahmedabad held that addition made on the basis of third-party WhatsApp chat without any incriminating material...
The Tribunal examined whether lease rent and allied charges from an IT Park were business income or...
The issue was whether section 68 could be invoked for alleged on-money payments absent direct evidence. The...
The issue was whether the full value of alleged bogus purchases could be added to income. The...
India shifts tobacco GST to RSP-based valuation from Feb 2026, raising tax outflows, tightening liquidity, and reshaping...
GST Network has issued an advisory introducing significant system enhancements in GSTR-3B beginning with the January 2026...
Karnataka High Court held that jurisdiction under Article 226 read with section 482 of Cr.P.C. is exercisable...
Courts have held that the two-year limit under Section 54 is not mandatory in all cases. Where...
The Tribunal held that no profiteering arose where the ITC-to-cost ratio declined after GST. The key takeaway...
Remarriage does not end a widow’s entitlement, says court in interpretation of Central Civil Services (Pension) Rules
‘Biggest health care burden is not hospitalisation but diagnostics and medicines,’ they say
Experts warn against scammers impersonating companies and industry regulator to trick policyholders into paying fake processing fees
Company introduces new monthly redemption caps and category limits for its premium card, effective Feb 1
Silver has done the heavy lifting already. Gold now offers better risk-adjusted returns.
Economic Survey data show rising retail ownership and a steady shift towards equity-linked savings
The Court held that the Revenues challenge failed since the issue had been conclusively decided by the...
The Court held that findings of the appellate authorities clearly established the assessee’s role as a developer....
The issue was whether retention money credited and subjected to TDS accrues as income. SC, noting the...
The issue was whether retention money credited and subjected to TDS accrued as income. The Court held...
The Tribunal held that discounts given to stockists in pharmaceutical distribution are part of sale transactions on...
The Court held that once one GST authority initiates proceedings, the other cannot start fresh action on...
The Supreme Court granted bail noting over eight months of pre-trial custody, absence of charge framing, and...
While not deciding the validity of the disputed notifications, the High Court granted relief due to lack...
The High Court quashed an ex parte GST adjudication passed without personal hearing. The matter was remitted...
The issue was whether one assessment order could cover three different tax years. The Court held that...
Economic Survey 2026 points to Vietnam, Thailand, Taiwan, Australia, Malaysia and the Philippines to show how speed,...
Tense geopolitics look set to be a major contributor to gold’s fortunes again in 2026, supporting a...
At 46:1, Gold-Silver Ratio Enters Zone Linked to Past Silver Corrections
Housing finance also expanded steadily, with outstanding individual housing loans more than tripling from about ₹10 lakh...
As Gold Prices Rise, Borrowers Pledge Jewellery Instead of Selling
Designed as a healthcare buffer under NPS, not a substitute for full health cover, says experts
Under RBI’s locker framework, a bank’s liability is limited to 100 times the annual locker rent
Fund review: DSP Large Cap Fund
As foreign investors pulled back, domestic institutional investors (DIIs) stepped forward. Mutual funds and insurance companies remained...
Small finance banks outperforming public sector rivals by offering retail deposit rates of up to 8%
Small finance banks are outperforming their larger rivals by offering senior citizens premium yields of over 8%,...
While the RBI mandates compensation for technical failures, recovering funds sent to a wrong UPI ID remains...
HDFC Capital, Curated Living Launch ₹1,000-Crore Rental Housing Platform
SBI Research report urges mandatory contributions by large private firms, tax parity and the integration of the...
The Tribunal held that where reassessment is based solely on search material found during a third-party search,...
Following judicial criticism of delayed appeals, officers urged structural reforms to fix institutional gaps rather than penalising...
With repeated technical failures hampering compliance, officers requested formal absolution from blame. The letter emphasizes collective institutional...
The Tribunal held that corpus donations cannot be denied merely due to technical lapses like student collection...
The notification exempts defined categories of income of a legal services authority, while warning that violations may...
ITAT ruled that unverified electronic records recovered from a third party do not constitute reliable evidence of...
The issue involved an ex parte GST assessment raised against an unregistered contractor due to incorrect reliance...
The High Court held that once the GST Appellate Tribunal is functional and timelines are notified, disputes...
Authorities erred in treating direct consultancy services as intermediary supplies. The ruling confirms refunds where the supplier...
llegations of forged invoices and wrongful ITC claims did not justify custodial interrogation. The court extended anticipatory...
The court held that GST laws form a complete code for tax evasion offences. Parallel prosecution under...
On average, each ATM dispensed ₹1.21 crore per month in 2025, lower than ₹1.30 crore in the...
With India’s senior population rising, industry executives want wider NPS tax benefits and simpler pension rules in...
Only AMC to cross the ₹1 lakh crore milestone in precious metals ETFs
The government has approved an institution for scientific research under section 35(1)(ii), enabling donors to claim tax...
Banks Ramp-up the Credit Card Issuance; However, Spends Fail to Catchup Volume Growth Remains Healthy
ITAT Mumbai held that goodwill arising from slump sale of a going concern is a depreciable intangible...
The Tribunal held that overseas shares acquired from reinvested dividends cannot be taxed as undisclosed assets when...
Courts have held that once TDS is deducted from salary, the employee cannot be asked to pay...
The court held that tax authorities cannot rely on earlier findings already set aside by appellate bodies....
The dispute concerned the correct terminal point for computing six assessment years under section 153C. The Tribunal...
The Tribunal held that revision under section 263 is invalid where the Assessing Officer has already conducted...
The issue was whether export refunds can be denied when the transferor company transfers only part of...
CBIC has operationalised capacity-based excise duty on specified tobacco goods from February 2026. The update outlines declarations,...
The Court held that post-amalgamation, the transferor company cannot claim GST refunds. Unutilised ITC must move only...
The ruling clarifies that mere reproduction of third-party information alleging disproportionate assets is insufficient. The Assessing Officer...
The Tribunal noted that no construction investment occurred during the year under appeal. Accordingly, no addition for...
It was ruled that under-reported revenue cannot be inferred solely from service tax data when no defects...
Tribunal held that unsecured loans cannot be treated as unexplained where confirmations, bank statements, and tax returns...
Travel firms say the four-day Republic Day break pushed travellers towards quick, nearby getaways, with Goa leading...
It was ruled that reassessment proceedings must be initiated only through the faceless mechanism after the CBDT...
The Tribunal held that a penalty order issued after the death of the assessee is void ab...
The Tribunal emphasized that the assessee had no individual business in electronic goods. In the absence of...
Upholding the appellate order, the Tribunal ruled that section 68 applies only to credits of the relevant...
Coca Cola India Inc. Vs DDIT (ITAT Delhi) ITAT Delhi held that final assessment order passed beyond...
This article clarifies when e-invoicing is mandatory for export supplies under GST. It explains that only taxable...
The Court held that misclassification of ITC between CGST/SGST and IGST does not result in excess claim...
The Court held that GST exemption under the 2025 notification applies only to individual health insurance policies....
The webinar explains how the first reply and pleadings determine the direction of GSTAT appeals. It highlights...
In recent interactions with taxpayers across sectors, a recurring concern is the intensity of GST compliance oversight....
Second-Home Demand Slips as 75% of HNIs Skip Holiday Property Buys
Japan will trial India’s UPI in 2026, allowing Indian tourists to make QR code payments directly from...
Delhi High Court held that an employee cannot be denied TDS credit due to the employer’s default...
The court addressed a demand arising from automated processing that led to double disallowance of expenses. It...
The court declined to interfere with GST registration cancellation where the taxpayer failed to reply to a...
Kerala High Court upheld a Section 73 notice where the dealer challenged rejection of TRAN-1 after more...
The Court held that an assessment passed without personal hearing was unsustainable even though notices were uploaded...
The Court held that GST dues of a company under liquidation cannot be directly recovered from directors....
The Court set aside the appellate order and remanded the matter after noting the statutory amendment allowing...
The proposed launch is part of DLF’s broader expansion plan, even as the company navigates uneven sales...
The deal was registered on December 26, 2025, with stamp duty of ₹1.5 crore paid on the...
The Delhi High Court held that review jurisdiction is limited and cannot be used to reargue decided...
The issue examines how presumptive taxation is consolidated under Section 58. The key takeaway is that structural...
The issue concerned valuation of royalty for bundled services. ITAT held that faulty comparables vitiated the CUP...
The issue concerns prolonged rectification and recovery pressures. The proposal seeks strict timelines, deemed approvals, and automatic...
The issue was whether revision could be invoked during a pending appeal. ITAT held that PCIT lacks...
ITAT Chandigarh Strikes Down Section 147 Proceedings Based on Uncorroborated Third-Party Excel Sheet
ITAT Chandigarh Strikes Down Section 147 Proceedings Based on Uncorroborated Third-Party Excel Sheet
The issue was whether reassessment initiated by the Jurisdictional AO was valid. The Tribunal held the notice...
The issue was misuse of arrest powers against genuine buyers. Courts have held that coercive arrests for...
The Court ruled that filing GSTR-3B returns and paying tax nullifies best judgment assessment orders under Section...
Orrisa High Court held that the petitioner is entitled to interest on the amount refunded with respect...
NCLAT Delhi held that provisions of section 9(2) of the CST Act doesn’t create statutory charge on...
The issue was whether GST applies on amounts deducted as “royalty” from contractors’ bills. It was held...
ITAT held that share capital additions cannot rest on an inspector’s report not shared with the assessee....
ITAT held that Section 68 cannot be invoked where donors are identified with names, PAN, ITRs, and...
Section 194T introduces a flat 10% TDS on partner remuneration and interest, sharply reducing monthly liquidity for...
The Tribunal ruled that additions based only on presumptions and low income of subscribers are invalid. Proper...
The Tribunal ruled that payments made directly to truck drivers, and not transporters, fall outside Section 40A(3)...
The tribunal accepted an area-based methodology for computing profiteering in a housing project, rejecting turnover-linked calculations. The...
A slight increase in post-GST ITC was held to amount to profiteering when not passed on. The...
The Court held that a final GST adjudication order passed within three months of the show cause...
The Court held that interest under reverse charge cannot be recovered without prior adjudication. Coercive recovery was...
The issue was a municipal demand raised without prior notice. The Court accepted the authority’s statement to...
As the Finance Minister readies Budget 2026, salaried taxpayers remain split on whether lower rates can truly...
The move assumes significance, given that it will benefit about 46,322 employees, 23,570 pensioners, and 23,260 family...
From a portfolio construction perspective, silver works when allocation size is modest, entry is staggered, and exit...
The Tribunal held that a Section 54 exemption can be claimed in a reassessment return if it...
The case examined additions made in Section 153C assessments based on third-party search material. The Tribunal ruled...
The issue was whether reassessment is valid when reasons for reopening are not placed on record. The...
This explains how different securities are taxed under Indian income-tax law. The key takeaway is that asset...
The Tribunal condoned a 506-day delay after accepting that the appeal was filed only when heavy penalty...
The issue was whether third-party diaries and loose papers could establish receipt of unaccounted income. The Tribunal...
This ruling clarifies that an assessee can be treated as an agent of a non-resident only if...
The Tribunal examined whether prior approval under Section 153D was granted after due application of mind. It...
The Court examined whether a show-cause notice under Section 74 was issued by a competent authority. Limited...
The Court examined a GST final intimation alleged to be issued without jurisdiction and statutory compliance. Interim...
The Court set aside a GST demand that exceeded the amount proposed in the show-cause notice. The...
The Court held that petition, ARR processing, and licence fees collected while performing statutory regulatory functions do...
The Court will examine whether corporate guarantees issued by a parent company to its subsidiaries amount to...
Despite strong prices, global silver ETFs have seen outflows of over 3 million ounces since the start...
Over 500 exclusive Marriott Bonvoy Moments up for grabs, including the ultimate experience with the Marriott Bonvoy...
From home care bills to insurance gaps, why Budget 2026 matters for families supporting ageing parents
With home loan interest rates likely to remain stable in the near future, here are the various...
Residential sales fell 12% in 2025 as buyers turned cautious, but disciplined supply is expected to keep...
Amendments to motor vehicle rules link toll clearance to ownership transfers and fitness certificates to curb fee...
Flagship will continue until 2031 to bolster long-term financial security for millions of workers in the unorganised...
It was ruled that deciding appeals based on facts of another year is a serious legal error....
The tax department has begun emailing taxpayers about pending demands shown on the portal. This explains why...
Income Tax Department was directed to encash the Demand Draft, confirm the sale, and issue the Sale...
The issue was whether a trader declaring income under Section 44AD could face additions for unexplained cash...
The Tribunal held that NFAC had no authority to pass reassessment orders before the faceless reassessment notification...
It was ruled that interest for late filing of the original return can be computed based on...
GST law sets no deadline for deciding appeals, yet interest keeps accruing. Courts intervene where delay unfairly...
The court held that arrest during a GST investigation was unlawful as mandatory safeguards under the BNSS...
The issue was whether refunds can be averaged across months. The key takeaway is that IDS refunds...
Clarifies the fast-track GST registration process under Rule 14A. The key takeaway is approval within three working...
Explains how a credit note rejection led to excess GSTR-3B tax without IMS visibility. The key takeaway...
The U40 List features 51 of the youngest entrepreneurs, all aged 36, representing a diverse range of...
Of 126 land deals closed in 2025, 96 deals for approx. 1,877+ acres are proposed for residential...
Second-largest borrowing trigger: 14% in Tier 1 vs. 8% in Tier 3
The Rise of India’s U40 Power Class: $950 Billion Valuation, 436 Founders
Back in 2024, MMR closed at least 30 land deals for over 607 acres
As Budget 2026 nears, home buyers want higher loan deductions, lower upfront costs and targeted help for...
Learn how grace periods, reduced paid-up options and revival rules work
From travel rewards to cashback on everyday spends, credit cards are evolving into lifestyle tools
The Tribunal ruled that exemption for charitable trusts cannot be denied merely due to belated filing of...
This ruling clarifies that repayment of loan with interest, coupled with documentary proof, negates allegations of unexplained...
Relying on Supreme Court precedent, the Tribunal held that the IBC has overriding effect over the Income-tax...
The Tribunal held that a reassessment notice issued to a company already struck off from the ROC...
Applying judicial relief on Section 115BBE, the remaining tax demand fell below the prescribed threshold. The ruling...
The Tribunal ruled that purchases cannot be treated as bogus merely because suppliers did not reply to...
The Tribunal ruled that cash deposited during demonetisation came from genuine business sales already offered to tax....
The Tribunal held that documented WhatsApp communications established counsel’s negligence and the assessee’s due diligence, justifying condonation...
The ITAT held that once a resolution plan is approved under the IBC, income-tax proceedings cannot continue....
This article outlines major direct and indirect tax expectations from Budget 2026–27. The key takeaway is a...
The Budget is expected to further rationalise import duties to offset high metal prices and strengthen global...
The addition was set aside as no cash was found, traced, or shown to be received by...
The court held that ITC cannot be denied solely due to delayed return filing when statutory amendments...
The High Court closed the writ petition after noting that the GST Appellate Tribunal had been constituted...
The Court held that assessment orders under Section 62 stand deemed withdrawn where returns and dues are...
The High Court quashed denial of ITC for FY 2019–20 made under Section 16(4). Authorities were directed...
The court held that paying CGST/SGST instead of IGST does not amount to tax evasion. Authorities cannot...
Association of Mutual Funds in India has urged the government to reinstate indexation benefits for debt funds,...
The WhiteOak Capital Consumption Opportunities Fund is a focused play on how India eats, spends, travels, borrows...
The Directorate of Enforcement (ED) has provisionally attached high-value assets worth over ₹55 crore in an ongoing...
From taxes and loans to savings, here’s how Budget numbers affect homes
Tax experts say the Centre is expected to strengthen the new tax regime through slab rationalisation and...
Spending in Tier-II, III markets based on ‘deep research and values consistency over hype’
Advanced tokenisation and biometric locks ensure the payment method’s convenience does not come at the cost of...
Central bank set premature redemption price for tranche at Rs 14,130 per unit
Its practical value also depends heavily on how Gold Card filings interface with existing employment-based immigrant visa...
Payments to AwasBandhu were allowed as application of income. The Tribunal held such statutory contributions further public...
The Tribunal held that cash advances/on-money received for an ongoing real estate project cannot be taxed before...
The Tribunal held that wrist watches are valuable articles covered under Section 69A, and additions made under...
The Tribunal held that an enforceable agreement to sell, supported by advance consideration, constitutes transfer under Section...
The Court upheld deletion of a major addition, holding that valuation under Section 56 must follow the...
The Tribunal examined whether a single satisfaction note could sustain reassessment proceedings for multiple years under section...
The Tribunal held that inadvertent mistakes in filing Form 10AB cannot defeat a trust’s right to exemption....
The court held that once late fee is imposed for delayed annual return filing, a further general...
The Supreme Court upheld that mere excess stock found during inspection is insufficient for confiscation under Section...
The GST Appellate Tribunal accepted the DGAP report after finding no profiteering under Section 171 of the...
The GST Appellate Tribunal held that the profiteering amount must exclude benefits already passed on to home...
The Tribunal accepted the DGAP report after the complainant failed to appear despite confirmed receipt of the...
he rush into safe-haven assets comes on the heels of global trade tensions and renewed risk aversion
Experts argue cost-of-living relief can reduce the sharp tax jump after ₹12 lakh
Swiss Re flags India as the world’s fastest-growing major insurance market by the end of the decade
The proposed system promises quicker access to EPF money, with limits
Injury, damage, liability: what really gets paid under third-party insurance
Government warns SBI customers against downloading fake APKs linked to Aadhaar updates
$2.5 Trillion in One Year: The Billionaire Boom That’s Breaking Democracies
Both Investment strategies adopt long-short approaches designed to navigate volatile and uneven market conditions.
The Tribunal found that full construction cost was not proved with evidence. However, a reasonable ad-hoc allowance...
The Tribunal held that reassessment cannot survive when no addition is made on the very issue for...
The case examined whether an appeal dismissed as withdrawn under the Vivad Se Vishwas Scheme could survive...
The addition under Section 69 was remanded as the assessee claimed the source through rotation of funds....
The Tribunal held that reassessment notices issued after 01.04.2021 for AY 2015-16 are time-barred. Such reopening is...
The court held that additions for excess stock and cash cannot be sustained when based solely on...
Holding that actions prescribed by statute must be performed only in the specified manner, the Tribunal deleted...
The tribunal held that dismissal for delay and confirmation on merits without effective hearing violated principles of...
The Court held that sanction for reopening was taken under the wrong statutory provision. As a result,...
The Tribunal upheld taxation of enhanced compensation and interest under land acquisition after insertion of section 56(2)(viii)....
The High Court disposed of the writ petition after the constitution of the GST Appellate Tribunal, permitting...
The court held that passing a GST order on the same day as filing an additional reply...
The court held that blocking of an electronic credit ledger under Rule 86A cannot continue beyond one...
The court held that dismissal of an appeal solely for delay was unsustainable where notices were uploaded...
The court held that passing an ex parte GST assessment solely on portal-uploaded notices without granting personal...
The labour ministry is working on a project where a certain proportion of the EPF will be...
The Tribunal found that estimating agricultural income solely on standard yield figures ignores real-world farming variables. The...
The Tribunal examined whether provision for salary arrears arising from the Sixth Pay Commission was contingent or...
The Tribunal ruled that VAT collected but not credited to the profit and loss account cannot be...
The issue was whether reassessment remains valid when no Section 143(2) notice is issued after a return...
The Tribunal held that when the Assessing Officer disagrees with FMV supported by a registered valuer, a...
The court held that bank account attachment under GST cannot continue beyond one year without renewal. Failure...
The law mandates strict adherence to the notice’s grounds and amounts. Any enhancement or new basis at...
The core issue was whether lack of knowledge of proceedings justified late appeals. The Tribunal held that...
The Court ruled that omission to issue Section 143(2) vitiates reassessment at the root. Such a defect...
The Court held that Section 197 applications cannot be rejected mechanically to “protect revenue.” Mandatory factors under...
The High Court held that long-held, undeveloped land sold by the assessee gave rise to capital gains....
The Supreme Court upheld rejection of treaty benefits where transactions were prima facie designed to avoid tax....
The dispute concerned late filing of an audit report triggering penalty under section 271B. The Tribunal accepted...
The court ruled that Section 74 proceedings cannot be invoked in the absence of fraud or wilful...
Courts have ruled that transfer of leasehold rights is not a supply of services. The key takeaway...
Section 74 applies only where fraud or intent to evade tax is established. Vague notices based on...
Punjab and Haryana High Court held that bail in fraudulent GST Input Tax Credit allowed since trial...
The Court ruled that refunds arising from statutory pre-deposits must follow the specific appellate provisions, holding the...
Poor sector and stock selection calls can, however, lead to underperformance
From EMIs to GST tweaks, industry leaders break down what buyers can expect.
One year in service, five withdrawal types, and how to get 100% of your PF
According to the IGR property registration documents reviewed by Square Yards, the property is located in Pali...
Major lenders are holding firm at 6-6.5 % while small finance banks lead the market with returns...
Small finance banks lead the market with yields of up to 8.1%, providing a lucrative window for...
Pension funds regulator relaxes withdrawal and exit norms, allowing parents to access funds for education and medical...
While an error in computation was acknowledged, prejudice to Revenue was not established. The Tribunal quashed the...
The case examined whether entire purchases could be treated as bogus when sales were undisputed. The Tribunal...
Recognizing the nature of the manufacturing business and accepted sales, the Tribunal scaled down the disallowance. The...
The Tribunal clarified that expenditure disallowances do not qualify as assets under section 149(1). Without asset-based escaped...
Judicial rulings clarify that Section 54 focuses on timely investment of capital gains, not rigid legal ownership...
The Tribunal held that interest from bank fixed deposits lacked a direct nexus with credit facilities. Deduction...
The Tribunal held that reopening based solely on third-party information without independent application of mind is invalid....
The Tribunal held that no commission income can arise from circular transactions within group entities. Additions based...
The High Court held that Notifications extending GST limitation were vitiated and illegal. As a result, the...
Authorities detected large-scale ITC fraud involving invoices without actual supply of goods. The arrests signal strict enforcement...
High Courts are declining to entertain GST writs now that GSTAT is operational. Taxpayers must pursue statutory...
The High Court held that challenges to GST assessment orders must be pursued through statutory appeals. Failure...
The High Court restrained coercive GST recovery as the show cause notice spanned six years in one...
The transaction was registered on 13 January 2026 and involves two adjoining plots located
Fixed deposits are back: Where savers can earn up to 8% in 2026
Here is a selected list of the best term insurance rates from various insurers for young male...
The transaction covers two separate office units within the same commercial complex:
Fund review: Bandhan Dynamic Bond Fund
Rates stay competitive across banks and housing finance companies, led by public sector lenders
Banks and card networks run on different clocks, and the earliest deadline often decides the outcome
Lenders kick off 2026 with competitive car finance offers, as public sector banks lead the market with...
Supreme Court clarifies when heirs must support widowed daughter-in laws
Five-year mark triggers a windfall for gold bond holders, as the RBI opens an early exit window...
A single-window banking solution offering enhanced salary account fearutes, extensive insuranace coverage and premium card benefits for...
Users of premium card face a sharp dip in loyalty value as company slashes accelerated rewards on...
The dispute centered on whether indexation could be claimed on a factory building sold along with land....
The Tribunal held that an appeal cannot be dismissed for non-prosecution and must be decided on merits....
The issue was whether appeals could be decided ex parte without examining merits. The tribunal held that...
The Tribunal held that AMC services and marketing support services could not be aggregated for transfer pricing...
The Tribunal set aside the confirmed penalty where non-filing of return was attributed to medical reasons. The...
The Tribunal set aside rejection of registration due to partial documentation and remanded the matter for fresh...
The Tribunal remanded additions based on excess bank credits for factual reconciliation, granting another opportunity subject to...
The tribunal held that an ex parte assessment involving large unexplained bank credits required fresh adjudication. The...
The case examined whether an appellate authority could set aside an ex-parte reassessment. The tribunal held that...
The court upheld the quashing of a reassessment notice where the reasons were based on vague portal...
Court held that reopening of assessment based solely on vague information from Insight Portal, without a live...
Tribunal held that TDS liability under section 194-IA cannot arise unless Revenue proves that payment was actually...
The High Court set aside a GST assessment issued after the taxpayer’s death, holding that proceedings cannot...
The Court examined a GST demand raised after the death of a proprietor and held that proceedings...
The High Court held that a service provider engaged in export of services was not an intermediary...
The Court examined whether senior company officials accused of large-scale service tax evasion deserved bail. Holding the...
The Court examined whether ITC could remain blocked under Rule 86A beyond one year on the same...
Leading destinations for net millionaire inflows-including the UAE, Saudi Arabia, Europe, the United States, Singapore and Australia-are...
A shift towards predictable pensions, where subscribers may target a fixed monthly income, experts say
Domestic investors dominated inflows with 80% share in Q4 2025, while foreign capital was led by Canada...
While a formal rent agreement is not a legal prerequisite, Tax planning 2026: digital payment trails and...
Pension regulator overhauling National Pension System to introduce assured payouts and flexible withdrawal norms, aiming to bridge...
Lender will end free high-value online IMPS transfers from Feb 15, as it recalibrates service pricing amid...
The Tribunal held that reassessment proceedings initiated after the statutory limitation period were invalid. Following the Supreme...
The Tribunal held that an addition based solely on third-party search material without corroboration is unsustainable. With...
The Tribunal examined whether a creditor’s unilateral write-off automatically results in cessation of liability for the assessee....
From Runway to Real Estate: ELIE SAAB’s ₹15-Crore Homes Hit NCR
The ruling clarified that exemption under section 54F cannot be denied if it was not part of...
Recognising the role of a Kaccha Arhtia, the Tribunal ruled that only commission constitutes income. TDS deducted...
The Tribunal examined whether a large consultancy payment was allowable when the assessee failed to establish its...
The assessing authority made a large addition without explaining its nature or legal basis. The Tribunal ruled...
The Tribunal observed that the transfer pricing adjustment was based on unexplained margin calculations. A fresh working...
Taxpayers are facing revival of decades-old demands without prior notice or service of orders. The key takeaway...
The Tribunal held that reopening completed scrutiny assessments beyond four years is invalid when reasons do not...
The Tribunal held that reassessment notices issued by the jurisdictional officer violated the mandatory faceless regime under...
The Court found that the explanation regarding dividend income was on record but not examined. Reopening based...
High Court quashed the adjustment made in the intimation under Section 143(1) disallowing deduction under Section 10B...
The High Court ruled that ITC cannot be reversed when the supplier was registered at the time...
Service tax demand raised on the Greater Chennai Police Commissionerate for providing Bundobast and security services, holding...
Punjab and Haryana High Court held that bail application in the matter of fake GST input tax...
The Tribunal accepted the anti-profiteering report after the respondent agreed to pay ₹67.02 crore to eligible homebuyers....
The Tribunal held that allegations of profiteering were not substantiated after detailed verification of records and returns....
According to the Henley Passport Index 2026, India is now ranked 80th globally, with visa-free, visa-on-arrival or...
Bookings for Air India Express ‘Time to Travel’ Sale are open until 16th January 2026.
First-time and mid-income buyers fuel home loan growth across smaller cities
As per the documents, the starting monthly rent is ₹1,43,21,967, translating to ₹129 per sq ft per...
Train fares go up and Aadhaar-only booking begins for general reserved tickets
According to the IGR documents reviewed by Square Yards, the property is located in Balaji IT Park(DC-10...
India’s largest lender introduces a 10-transaction cap for salary account holders and raised fees for exceeding free...
Tamil Nadu Assured Pension Scheme will provide state government employees with a guaranteed monthly pension of 50%...
It was held that sale consideration from trust property, when donated to charitable institutions, cannot be taxed...
The issue was whether bank credits already offered as income in an HUF’s return could again be...
Additions were made solely because the trust failed to submit details during assessment and appeal. ITAT set...
ITAT held that Section 153C cannot be invoked where the satisfaction/hand-over date is after 01.04.2021, quashing multiple...
The Tribunal held that unexplained cash credit addition cannot survive once identity, genuineness, and creditworthiness are established...
This article explains why agricultural income lies outside the Income-tax Act and how constitutional provisions grant exclusive...
The new Income Tax Act, 2025 reshapes compliance from 1 April 2026 without changing tax rates. Businesses...
The Tribunal held that delayed responses to statutory notices do not attract penalty when full compliance is...
Tribunal held that cash found and seized cannot be treated as unexplained when it is fully reflected...
The error arises when rejected TDS entries are not amended by the deductor. Correcting the entry through...
The Court held that a genuine buyer cannot lose ITC merely because the seller failed to deposit...
Treating all works contracts as services at 18% ignores their composite nature. The key takeaway is that...
Section 107(6) of the CGST Act enforces a fixed pre-deposit for appeals. The key takeaway is the...
The CGST Act clearly covers territorial waters but is silent on EEZ. This raises a serious question...
The agreement specifies a starting monthly rent of ₹9,23,08,642, translating to a per-sq-ft rent of ₹339.43. The...
No More Guesswork: How Cleartrip Is Tackling Flight-Fare Anxiety
Beating Volatility: ICICI Pru India Opportunities Fund Marks 7 Years
Musk argues AI and automation may make long-term savings unnecessary
Some habits can quietly damage your credit score. Here’s what to watch
Complimentary airport lounge visits now require voucher claim, not just a card swipe
Tax specialists warn higher surcharges could push wealth and talent overseas
India Joins the Big League as Gold ETF Flows Surge Worldwide
What the Income Tax Act, 2025 changes and what stays the same for taxpayers
The investigation conducted by ED revealed a carefully orchestrated scheme whereinfunds collected from homebuyers for construction were...
The Tribunal held that for years where assessments were already completed, additions under Section 153A cannot survive...
The Tribunal held that interest on income-tax refund is taxable in the year of receipt and qualifies...
The case examined whether short delays in filing mandatory exemption forms during the pandemic could be condoned....
The Tribunal held that a deduction cannot be disallowed merely due to delayed filing of Form 10CCB...
The Court held that employees cannot be held liable for TDS non-deposit when the employer deducts it....
The court held that Section 74 cannot be used unless fraud, wilful misstatement, or suppression with intent...
The dispute concerned whether internal road works were taxable at 12% or 18% under GST. The High...
The High Court held that failure to grant a personal hearing before passing an adverse GST order...
The court ruled that a single assessment covering several tax periods violates GST provisions. Orders were set...
The High Court remitted GST DRC-07 orders after noting that show cause notices were not replied to....
Marriott Bonvoy Becomes ICC’s Official Accommodation Partner Through 2029
The woman stated in a police complaint that she received an unsolicited invitation on an instant messaging...
The issue was whether cash deposited during demonetisation could be treated as unexplained. The Tribunal held that...
The Tribunal held that amendments to Section 11 cannot retrospectively curtail the utilization window for earlier accumulations....
The Tribunal upheld restriction of disallowance where interest-free funds were higher than tax-free investments. It reaffirmed that...
The Tribunal held that when interest-free funds exceed exempt-income investments, no interest disallowance under Section 14A can...
The courts held that when depreciation on goodwill is allowed after detailed examination, the assessment cannot be...
Authorities cannot insist on adding an irrevocable clause in trust deeds for Section 12A renewal when the...
Capital gains exemptions on property sales often lead to litigation due to Section 54 timelines and unclear...
The issue was whether revision could stand on incorrect factual assumptions. ITAT held that misreading records makes...
The issue was whether additions can rest on seized loose sheets termed as dumb documents. The Tribunal...
The AAR held that medicated toilet soap cannot claim the 5% GST rate meant for ordinary toilet...
The ruling refused to admit the application, noting that the pure agent issue on electricity reimbursement had...
This explains how IDS refunds work under GST for MOOWR and DTA supplies. The key takeaway is...
The issue was whether transporters can claim ITC on bio-diesel. The ruling confirms ITC is allowed when...
The Court refused to quash a detailed GST show-cause notice, holding that the purchaser must participate in...
The issue was a 44-day delay in filing Form 10B by a charitable trust. The Court held...
The issue was whether reassessment could proceed without disposing of objections to recorded reasons. The Court held...
The Court examined rejection of condonation for delayed e-filing despite acceptance of related delays. It ruled that...
The issue was whether reassessment notices issued after the permissible surviving period were valid. The Court held...
The issue is when High Courts can entertain appeals against ITAT orders. The key takeaway is that...
The government notified a settlement guarantee fund for income-tax exemption under Section 10(23EE). The benefit applies from...
The Court set aside a 3.5% TDS certificate after the PE finding relied upon by the Revenue...
While search proceedings were still pending, the Court permitted release of seized jewellery and cash after petitioners...
Gujarat High Court held that reopening of assessment u/s. 147 of the Income Tax Act solely on...
The Court held that alleged overlap between State and Central GST proceedings involves factual scrutiny, not a...
The court ruled that absence of toll plaza receipts cannot justify denial of ITC when invoices, e-way...
The High Court set aside a GST notice covering four tax periods in one proceeding. It held...
The High Court held that issuing a single GST show cause notice for more than one financial...
Allahabad High Court held that toll plaza receipts not mandatory for justifying actual physical movement of goods...
Rules to compounding, what happens if you tap EPF for debt
Data highlights sharp premium differences between online and bank-sold home loan insurance
Progressive slabs pay more as your balance grows from Jan 9
Supreme Court EPFO decision: Court push may widen EPF cover, raising contributions and retirement corpus
Special SBI FDs offer higher returns for seniors and large deposits in 2026
The ruling clarifies that specified sum under section 269SS refers to advances linked to property transfers. Cash...
It was ruled that speculative losses from non-genuine share transactions cannot be adjusted against interest income. The...
Exemption was curtailed because the auditor reported application from past accumulations. The Tribunal ruled CPC acted correctly...
The matter was sent back as the appellate authority did not examine the plea for allowance in...
Where compensation and interest are deposited under judicial custody due to a pending appeal, no real income...
It was held that transport charges cannot be disallowed when PAN-based TDS, ledger matching, and banking trails...
The tribunal rejected demand raised solely due to Form 26AS mismatch caused by employer non-deposit of TDS....
The reopening relied on a bank account number that did not match the account from which transactions...
The Tribunal ruled that minor delay in filing Form 10AB cannot justify rejection when law permits condonation....
The Tribunal held that section 69C cannot be invoked when expenditure is recorded in books and its...
The issue was whether a second reassessment could be initiated on the same facts already examined earlier....
The High Court set aside a GST garnishee notice where tax dues of one company were recovered...
The issue is how suppliers can charge GST at 0.05% or 0.1% on export-linked supplies. The key...
The issue is what triggers GST liability. It is held that only transactions qualifying as “supply” under...
GSTN has made Table 3.2 of GSTR-3B non-editable with auto-population from GSTR-1/1A/IFF. The update ensures consistency in...
The High Court closed the writ petition after noting that the GST Appellate Tribunal had been constituted,...
Fund review: Franklin India Large Cap Fund
Tax filings reveal a growing shift towards multi-income earners
Property registration documents show the apartment was bought in December 2025 in Ahuja Towers, a residential high-rise...
Mumbai, Delhi-NCR & Bengaluru see slower sales as home prices stay elevated
Infrastructure-led corridors drive growth, but gains are turning selective
The representation highlights large-scale pendency and administrative bottlenecks under Sections 12AB and 80G, urging immediate reforms to...
The new Income Tax Act, 2025 renames charitable and religious entities as Registered Non-Profit Organisations and consolidates...
Courts have ruled that notices or orders issued by a Jurisdictional AO under the faceless regime are...
ITAT Hyderabad held that notices under Section 148 issued on 01.04.2021 without following mandatory Section 148A procedures...
The issue was whether an assessment could be reopened after four years. The Court held that full...
The court held that reopening beyond the permissible period was invalid where full disclosures were made and...
The Tribunal held that earning income as a percentage of hospital turnover is commercial, not charitable. Section...
29 दिसंबर 2025 की एडवाइजरी के अनुसार आईटीसी रिक्लेम और आरसीएम क्रेडिट अब सिस्टम द्वारा पहले जाँचे...
CBIC circulars confirm GST exemption for qualifying services to Governmental Authorities like DMFTs and limited-value horticulture works....
The Karnataka High Court held that blocking electronic credit ledger under Rule 86A without a prior hearing...
The court ruled that genuine purchasers cannot lose ITC because a supplier failed to deposit GST. Section...
This case examines whether courts can review GST classifications when public health concerns are raised. The key...
Legal limits, real risks, and how owners can plan responsibly
Ten-year data shows commissions matter more than most investors realise
Returns, tax benefits and key features of popular government-backed schemes
Fraudsters are using bonus and renewal pitches to scam policyholders
Amazon Pay broadens its savings products with easy, app-based fixed deposit options
Find out the updated fees, delivery timeline, and how to order your card
‘Passive funds follow rules; active funds chase opportunities,’ say experts
Public banks remain cheapest, while private lenders and HFCs price loans higher
Check EMIs, interest rates and processing fees across top banks
Claim rejections for non-disclosure are not always final. Here is how documentation, timelines and doctor clarifications can...
From festive splurges to planned spends, how card usage evolved in 2025
Government responds to claims about ITD and citizens’ digital activity
Interest rates vary widely across banks and tenures, making comparison important
Bank-wise FD rates range from 5% to 8%, depending on tenure and lender type
LIC offers limited-time relief to restore life cover in case premiums were missed earlier
The tribunal ruled that Section 50C could not apply because the DVO’s valuation ignored the impact of...
ITAT Hyderabad held that the final assessment order passed by the A.O. u/s. 143(3) r.w.s. 144C(13) r.w.s....
ITAT Hyderabad held that matter of TP adjustment of purchase of raw materials, assembling parts and sale...
The article breaks down salary components such as basic salary, allowances, and perquisites. It highlights which parts...
This calendar lists all major statutory filings due in January 2026 across GST, Income Tax, SEBI, FEMA,...
The Tribunal held that reassessment proceedings fail when the foundational assumption behind reopening is factually incorrect. It...
Karnataka High Court provides guidelines for arriving at differential tax amount due to change in tax regime...
This article explains how the new Section 74A consolidates GST penalty proceedings and standardises timelines for both...
This article explains how misclassifying making charges as goods leads to GST short payment and highlights the...
This article clarifies the legal distinction between system-generated mismatch intimations and officer-led best judgment assessments, explaining when...
The article explains that GST violations alone do not trigger PMLA unless they are connected to a...
More bank-led pension funds mean wider access, sharper competition, and better NPS experiences for long-term savers, say...
The End of the Hotel Room: Inside India’s Private Villa Luxury Boom
Longer and premium cigarettes to cost more as new taxes kick in
Redemption at ~13,486 a gram delivers nearly fourfold gains in eight years
The investment playbook for 2026 is not about chasing themes, but about balancing growth with stability, and...
Larger, well-structured issuances are delivering more consistent outcomes, while smaller IPOs offer higher variability and selective upside.
Fund review: ICICI Prudential Large Cap Fund
‘Currency swings are reshaping protection choices,’ as experts say NRIs increasingly prefer rupee-linked term plans for India-based...
Irdai’s latest data shows how much insurers paid out in health claims in FY25
More journeys, higher covers, and clearer priorities shaped travel in 2025
ED Attaches Buckingham Palace-Area Property in Massive Indian Bank Fraud
Government keeps post office and small savings interest rates steady for Q4 FY26
Under Income Tax rules, gold jewellery held within prescribed limits is NOT questioned, even without purchase proof...
Understand the income tax implications of upfront lease premiums in BOT leases for lessors and lessees, including...