Posted inBlog
Rent Paid for Subletting Income is Deductible Under Section 57: ITAT Delhi Ruling
ITAT Delhi rules that rent, repairs, and caretaker expenses paid to earn subletting income are deductible under Section 57 of the Income Tax Act.
Posted inBlog
Delhi ITAT Confirms Section 87A Rebate Applicability on Section 111A Gains for AY 2025-26
Delhi ITAT rules that the Section 87A rebate covers Section 111A short-term capital gains for assessment year 2025-26, deeming future restrictions prospective.
Posted inBlog
Wife’s Jewellery Found at Residence Cannot Be Added to Husband Income: Nagpur ITAT
Nagpur ITAT rules that wife's jewellery found at a common residence cannot be treated as the husband's unexplained asset under Section 69A.
Posted inBlog
CCPA Fines Zen Restaurant Over Mandatory Service Charge Violations
Zen Restaurant penalized 10000 rupees by CCPA for automatically adding a default service charge, violating consumer rights and fair trade practices.
Posted inBlog
Section 122(1A) CGST Act: Understanding Prospective and Retrospective Penalties
Explore the ongoing judicial debate across Bombay, Delhi, and Gauhati High Courts regarding Section 122(1A) of the CGST Act and its applicability.
Posted inBlog
IRDAI Advances Ind AS Implementation for Insurance Sector
Learn how the IRDAI is facilitating Ind AS implementation, with 11 insurers adopting the new framework starting from the financial year 2026-27.
Posted inBlog
IBBI Guidelines on Enhanced Due Diligence to Prevent IBC Framework Misuse
Discover the latest IBBI circular mandating enhanced due diligence by insolvency professionals to prevent fraudulent misuse of the corporate insolvency process.
Posted inBlog
ITAT Pune Condones Filing Delay and Directs Fresh Adjudication for Tax Appeal
Discover how ITAT Pune condoned a filing delay, set aside a previous CIT(A) order, and remanded the tax appeal for a brand new review and hearing.
Posted inBlog
Does IBC Moratorium Apply to Section 138 NI Act Cases? Supreme Court Examines
Explore the Supreme Court examination on whether the IBC Part III moratorium applies to Section 138 Negotiable Instruments Act proceedings.
Posted inBlog
GSTAT Clarifies JC Appeals Powers on GST Document Verification
Learn how the GSTAT restricted the Joint Commissioner of Appeals from remanding GST matters under Section 107(11) and mandated reasoned orders.