The court set aside reassessment proceedings after finding doubt over valid service of notices. Failure to ensure proper communication denied the assessee a fair ...

This is an appeal filed by the assessee against the order passed u/s 263 of the Income Tax Act, 1961 (hereafter “the Act”) by the Ld. Principal Commissioner of ...

Unauthorised documents claiming official guidance are being circulated among professionals and auditees. The advisory clarifies these communications are false, have no legal standing, and must not be ...

The notification exempts specified grant and interest income from tax. The benefit is conditional on non-commercial activities and proper return ...

A consultation paper proposes expanding sustainable finance rules in GIFT IFSC. It introduces sustainable deposits and stronger governance for green lending and ...

The consultation paper proposes strict oversight of algorithmic trading to curb volatility, manipulation, and system risks. The key takeaway is enhanced accountability and transparency without ...

The Tribunal found that key evidences furnished by the assessee were not adequately considered by lower authorities. The issue was restored to ensure fair examination and compliance with natural ...

The All India Jewellers & Goldsmith Federation has written an urgent letter to the Union Finance Minister flagging an unusual and potentially market-distorting situation in silver futures on MCX, ...

The Rajkot Bench of the ITAT allowed the assessee’s appeal and deleted penalty of ₹6.21 lakhs levied u/s 271(1)(c) for AY 2014-15, holding that the penalty notice was defective and the proceedings ...

The notification exempts specified non-commercial e-governance income such as government grants, service charges, and consultancy receipts from tax. The key takeaway is that exemption applies only if ...

The government has granted Section 10(46) tax exemption to a welfare board for cess, fees, and interest income. The relief applies retrospectively, subject to strict compliance ...

The regulator has issued a Master Circular compiling all existing SSE-related directions in one document. Earlier circulars are rescinded, but past actions and obligations remain fully ...