Punjab and Haryana High Court sets aside reassessment notices for AY 2015-16 issued post April 1, 2021, aligning with the Supreme Court Deepak Steel ruling.
ITAT Hyderabad determines BSNL VRS 2019 compensation qualifies for Section 10 10B exemption, pending verification of employee workman status by the AO.
The Income Tax Appellate Tribunal (ITAT) recently issued a landmark ruling, condoning a nearly three-year delay in filing an appeal after the taxpayer cited erroneous professional advice as the primary…
In a significant shift for corporate tax compliance, tax auditors are now required to report all purchases and sales of unquoted shares under Clause 47 of Form 3CD. This regulatory…
As the fiscal year 2025-26 approaches its close, businesses operating in India face a critical window to rectify Goods and Services Tax (GST) reporting discrepancies before the statutory deadline of…
Understanding the Evolving Tax LandscapeAs the Assessment Year (AY) 2026-27 approaches, salaried employees in India must navigate the complexities of the New Tax Regime under Section 115BAC. While this regime…
Publishers operating within the digital and print media landscape must now navigate a rigorous framework of post-registration compliance requirements following the acquisition of their Press and Registration of Books and…
The Ruling and Its ScopeThe Supreme Court of India has issued a landmark judgment confirming that individual states possess the constitutional authority to regulate or entirely prohibit betting on games…
The Ruling and Its ScopeThe Supreme Court of India has delivered a landmark verdict upholding the imposition of Goods and Services Tax (GST) on online fantasy sports platforms, ruling that…
In a significant ruling, the Income Tax Appellate Tribunal (ITAT) has clarified that the Commissioner of Income Tax (Exemption) [CIT(E)] cannot reject applications for registration under Section 12AB of the…
In a significant shift for millions of salaried taxpayers across India, the ITR-1 form has transitioned from a basic self-declaration document into a sophisticated data-reconciliation tool. As of the current…
A New Procedural Path for Charitable TrustsThe Income Tax Appellate Tribunal (ITAT) recently issued a landmark ruling providing a procedural lifeline to charitable trusts that have failed to file Form…