The Kolkata bench of the Debts Recovery Appellate Tribunal (DRAT) allowed the Bank of India (BOI), holding that a certificate of family members obtained from the office of the Tahsildar…
The ITAT Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that income tax exemption under Section 11 of the Income Tax Act, 1961, cannot be denied merely due…
The Central Board of Direct Taxes (CBDT) has issued a clarification dated July 1, 2025, regarding the applicability and operational scope of Circular No. 5/2025, which was issued earlier on March 28,…
The Ministry of Finance has notified the Cost Inflation Index (CII) for the financial year 2025-26 as 376, through Notification No. 70/2025 dated July 1, 2025. The amendment was issued by the…
US President Donald Trump’s current trade and economic strategy is shaping key global conversations, with a particular impact on India. As negotiators from both countries inch closer towards finalising a…
6 months have passed by since the beginning of 2025 - now that was a tumultuous first half. Now get this - eight years have gone by since the implementation…
The negotiation which has been started since 2022 between India and the United Kingdom (UK) is inching close to finalising a Free Trade Agreement (FTA). As per the recent updates…
July 2025 is an important month for income tax compliance, covering a broad spectrum of taxpayers, including individuals, corporations, partnerships, professionals, and government offices. From TDS deposits and certificate issuance to quarterly…
The Goods and Services Tax (GST), launched on July 1, 2017, was hailed as a transformative reform to unify India’s indirect tax system. Over the past eight years, GST has expanded the…
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has quashed an addition of over ₹14 lakh under Section 69B of the income tax act, 1961, holding that the…