The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) set aside the order of the Commissioner of Income Tax (Appeals)[CIT(A)] and remands matter for de novo adjudication where exemption under…
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) held that a gold sale transaction of ₹11.27 lakh, earlier treated as an accommodation entry under Section 69A of Income Tax…
The Mumbai Bench of the Income Tax AppellateTribunal (ITAT) held that a charitable trust can carry forward and set off the deficit resulting from spending more than its income on charitable activities…
The Goods and Services Tax Network (GSTN) has announced a new feature in the Invoice Management System (IMS) on the GST portal to make it easier for taxpayers to match and verify…
The High Court of Bombay, held that Tax Deducted at Source ( TDS ) under Section 194LA of the Income TaxAct,1961, is not applicable on the issuance of Transferable Development Rights…
The Central Board of Indirect Taxes and Customs ( CBIC ), under the Ministry of Finance, issued Notification No. 72/2025-Customs (N.T.) dated October 31, 2025, revising the tariff values of key…
The Chandigarh Bench of Income Tax AppellateTribunal ( ITAT ) directed the Assessing Officer (AO) to estimate income at 8% of total transport receipts under Section 44AD of Income Tax Act,1961, after noting…
The High Court of Madras, directed the Goods and Service Tax ( GST ) authorities to reconsider the blocked Input Tax Credit ( ITC ) of the petitioner and pass appropriate orders…
The Madras High Court, in a landmark ruling, has categorized crypto currency as a form of property capable of being held on trust, thereby granting an injunction that requires the…
The bench of the West Bengal Authority for Advance Ruling (AAR) ruled that in the case of rooftop solar Engineering, Procurement, and Construction (EPC) contracts classified as works contracts, the valuation for…