The principle that capital gains taxation must be based strictly on the real consideration received, said the Chandigarh Bench of the Income Tax Appellate Tribunal ( ITAT ) while quashing two revision…

In a recent ruling, the Delhi High Court held that indexation on long-term capital gains begins only from the date of the Builder Buyer Agreement and not from the date of provisional…

The Indian income tax framework has undergone significant transformations, particularly with the introduction of an optional new tax regime, fundamentally altering how taxpayers approach their financial planning and tax obligations.…

In a recent ruling, the Delhi High Court held that the GST department is liable to pay interest for delay in re-crediting rejected refund amounts when such delay is caused…

The Goods and Services Tax Appellate Tribunal ( GSTAT ) has now permitted unrestricted electronic filing of appeals with effect from December 18, 2025. The GSTAT issued an order withdrawing…

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) granted relief to a homebuyer after an income tax addition of Rs. 48 lakh was made on the allegation of…

“Attempt to impose service tax on "access to amusement facilities" as unconstitutional, held the Kerala High Court ruling Parliament lacks legislative competence to tax such activities when they are already…

We live in an age where technology is growing by leaps and bounds. The push for digitisation is at its highest. Digitisation has also transformed our relationship with money. However,…

In a recent ruling, the Madras High Court held that Indian currency is treated as “goods” under the Customs Act, 1962, and that when such currency is seized under Section 110,…

In a recent ruling, the Madras High Court held that deductions under Sections 80IA and 80HHC of the Income Tax Act, 1961 can be claimed together, subject to the condition…