Articles

A complete guide on the taxation of minor children's income, clubbing provisions under Section 64(1A), exceptions, exemptions and more.

Child Actor, Influencer or Investor? Know How Minor's Income is Taxed

Judgement

ITAT restored a taxpayer’s appeal for fresh adjudication, holding that CIT(A) cannot dismiss an appeal ex parte without deciding the issues on merits through a reasoned order.

Senior Citizen Faced Rs. 22.18 Lakh Cash Deposit Addition; ITAT Condoned 667-Day Delay and Granted Fresh Appeal Hearing

Notifications

The Central Government has increased the Special Additional Excise Duty (SAED) on the export of diesel from Rs 13.5 per litre to Rs 14 per litre, effective from June 16, 2026.

Govt Increases Special Additional Excise Duty on Diesel from Rs 13.5 per Litre to Rs 14 per Litre

MoHFW has notified the Drugs (Fifth Amendment) Rules, 2026, deleting the exemption applicable to syrups under Schedule K.

Centre Notifies Removal of Syrup Exemption From Schedule K of Drugs Rules

ITAT deletes Section 14A disallowance, holding no exempt income was earned during year.

Rs. 48.37 Crore Investments Triggered Rs. 43.42 Lakh Section 14A Disallowance; ITAT Deletes Addition Due to Absence of Exempt Income

ITAT deletes Section 68 addition after finding no evidence of accommodation entries or round-tripping.

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Child Actor, Influencer or Investor? Know How Minor's Income is Taxed

Senior Citizen Faced Rs. 22.18 Lakh Cash Deposit Addition; ITAT Condoned 667-Day Delay and Granted Fresh Appeal Hearing

Govt Increases Special Additional Excise Duty on Diesel from Rs 13.5 per Litre to Rs 14 per Litre

Centre Notifies Removal of Syrup Exemption From Schedule K of Drugs Rules

Rs. 48.37 Crore Investments Triggered Rs. 43.42 Lakh Section 14A Disallowance; ITAT Deletes Addition Due to Absence of Exempt Income

Company Faced Rs. 23.98 Crore Section 68 Addition Over Preference Share Capital; ITAT Deletes Addition After Revenue Failed to Prove Round-Tripping