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

ITAT ruled that the AO’s omission to apply TDS provisions on freight charges warrants revision. Proper application of statutory disallowances is mandatory in reassessment ...

Silver futures surged on import duty hike rumours, creating an unprecedented premium. The issue highlights risks of information leakage and the need for swift regulatory ...

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 issue was whether a penalty can survive when the notice does not specify the exact charge. The Tribunal held that a vague notice vitiates the entire penalty proceedings, even where AMT liability ...

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 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 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 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 Earlier circulars are rescinded, but past actions and obligations remain fully ...