News

Meesho has received a Rs 1,499.73 Crore tax demand from the Income Tax Department of India for AY 2023-24 and plans to challenge the assessment order.

Meesho Faces Rs 1,499.73 Crore Tax Demand for AY 2023-24, Plans to Challenge Assessment Order

Judgement

Export of Gutkha Not Barred Under Plastic Waste Rules When Packaging Found Biodegradable

HC Dismisses Customs Appeal in Gutkha Export Case; No Confiscation When Packaging Uses Biodegradable Plastic

Court Clarifies Computation of 10-Year Block Period Under Sections 149 and 153A of the Income Tax Act

High Court Quashes Reopening Notice as Time-Barred After Search Proceedings

Notifications

These changes are mainly related to digital currencies, crypto-assets, and electronic money and are effective from January 1, 2026.

Income Tax Rules 2026: CBDT Introduces Major Updates to include crypto-assets

Tribunal Holds Gift Deed Was Only a Formal Step to Give Effect to Family Arrangement Among HUF Members

ITAT: Property Received Under Family Settlement Not Taxable u/s 56(2) Despite Gift Deed

NRI’s Dubai Bank Transfers Accepted as Explained Source; Addition Under Section 69 Set Aside

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Meesho Faces Rs 1,499.73 Crore Tax Demand for AY 2023-24, Plans to Challenge Assessment Order

HC Dismisses Customs Appeal in Gutkha Export Case; No Confiscation When Packaging Uses Biodegradable Plastic

High Court Quashes Reopening Notice as Time-Barred After Search Proceedings

Income Tax Rules 2026: CBDT Introduces Major Updates to include crypto-assets

ITAT: Property Received Under Family Settlement Not Taxable u/s 56(2) Despite Gift Deed

ITAT Deletes Rs. 56.15 Lakh Addition for Alleged Unexplained Property Investment