News

The new income tax regime removes confusion by replacing "previous year" and "assessment year" with one tax year.

New Income Tax Act, 2025 to Replace 60-Year-Old Tax Law from April 1

Articles

Under the Income Tax Act, the department has time until December 2026 to process all the returns filed for FY 2024-25.

ITR Refund: Here is Why Income Tax Dept May Take One Year to Release Your Refund

Judgement

The GST proceedings under Section 74 must be based on clear evidence of fraud and cannot be initiated merely on suspicion, ruled the High Court.

GST Returns and E-Way Bills Are Enough to Prove Movement of Goods, Toll Receipts NOT Mandatory: Allahabad HC

Notifications

The tax exemption has been given by the Central Government using its power given under clause (23EE) of section 10 of the Income-tax Act, 1961.

Central Government Grants Income Tax Exemption for Core Settlement Gurantee Fund

The information was related to the company’s unaudited financial results for the quarter and nine months ended December 31, 2025 and was shared on the employee's personal WhatsApp Status.

ICICI Lombard's Employee Accidentally Shares Draft Financial Results of Company

The assessee, The India Cements Ltd., filed an appeal before the income tax department, raising several grounds covering Section 14A disallowance, interest on loans, vastu fees, subsidies, and royalty.

ITAT Partly Allows Appeal on Section 14A, Interest, Subsidy and Other Tax Issues

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