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ITAT Pune Quashes Reassessment Order Over Cooling-Off Period Violation
ITAT Pune invalidates a reassessment order, reinforcing taxpayer rights and strict procedural compliance regarding the cooling-off period.
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ITAT Ruling Strengthens Taxpayer Defense Against Section 68 Additions
The Income Tax Appellate Tribunal (ITAT) recently ruled in favor of an assessee, deleting a contentious addition under Section 68 of the Income Tax Act after determining that a mere…
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ITAT Invalidates Reassessment Notices Issued Without Proper Statutory Sanction
ITAT rules reassessment notices issued after 3 years without proper PCCIT/CCIT sanction are invalid, impacting tax proceedings.
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FinMin Empowers ICICI, Groww, Upstox as Reporting Entities under PMLA Aadhaar Authentication Framework
India's FinMin empowers ICICI, Groww, Upstox for Aadhaar authentication under PMLA, boosting KYC and anti-money laundering efforts.
Posted inTaxation and Legal Insights
Latest GST Case Laws: Legislative Fix in Motion to Address Composite SCN Issue
Introduction to GST and the Importance of Case Laws The Goods and Services Tax (GST) is a significant achievement in the realm of tax reform in India, implemented with the…
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New GSTN Advisory on GSTR-3B Interest Re-computation
The Goods and Services Tax Network recently issued a significant advisory regarding the re-computation of interest for taxpayers filing GSTR-3B under Table 5.1. This development comes as a major relief…
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Taxpayer’s Selection of ‘No’ for a Personal Hearing Cannot Override the Statutory Requirement of Granting a Hearing: High Court
The judiciary has recently delivered a pivotal clarification regarding the rights of taxpayers under the GST regime. The High Court ruled that selecting the 'No' option for a personal hearing…
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GST Authorities Cannot Combine Company and Director Liability: Court Orders Separate Proceedings
In a landmark ruling, the High Court has clarified that GST authorities cannot issue a single, composite liability order against both a company and its director. This decision emphasizes that…
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🚨 Major Update: Decoding the 12% Surcharge on Promoter Buybacks | Finance Bill 2026
The Lok Sabha has officially passed the Finance Bill, 2026, introducing landmark changes to the taxation of share buybacks. If you are a Company Promoter or a High-Net-Worth Investor, this…
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Key Income Tax Changes in India for 2026
India’s income tax framework is undergoing significant changes this March, with crucial deadlines converging and the new Income Tax Act, 2025 set to take effect from April 1, 2026. Taxpayers,…