Judgement

HC invalidates 153C action without incriminating material; exempts rural agricultural land sale profits from tax.

HC Quashes 153C Proceedings; Rural Agricultural Land Sale Not Taxable

The Bombay HC sought compliance from the tax authorities on processing petitioner's refund and directed that interest be paid until the actual date of credit.

Bombay High Court Seeks Compliance on Income Tax Refund and Interest Payment

Income Tax Interest should be paid upto date of Refund credit and not date of Order: Bombay High Court

SC restricts co-operative investments, holding business alignment essential under MSCS Act provisions strictly.

Supreme Court Clarifies “Same Line of Business” Test for Co-operatives under Section 64(d)

News

Announcement

Jacqueline Fernandez told a Delhi court she wanted to become an approver in the ₹200 crore money laundering case, claiming she was misled by Sukesh Chandrashekhar and cooperated.

Jacqueline Fernandez Seeks to Turn Approver in Rs 200 Crore Money Laundering Case

The ITAT restored the matter to the Assessing Officer. It directed the officer to verify the tax paid by the assessee for the entire financial year 2022-23 from the tax return filed by the assessee in the USA.

ITAT Mumbai Restores Foreign Tax Credit Claim for Fresh Verification

Aditya Birla Capital sold a 14.3% stake in its housing finance arm ABHFL to Advent International’s Indriya Limited for Rs 2,750 crore, raising funds and bringing in a global investor.

Aditya Birla Capital Secures Rs 2,750 Crore by Selling 14.3% Stake in ABHFL

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