News

MCA has introduced a change in DIN compliance rules requiring KYC once every three financial years and mandatory updating of personal details within 30 days of any change.

MCA eases DIN Compliance: Introduces New DIN KYC and Update Timelines

Articles

The FAQs give a clear guide for the manufacturers about the new rules, to help them comply with the machine-based levy system.

Government Releases FAQ on Machine-Based Levy for Chewing Tobacco, Jarda Scented Tobacco, and Gutkha

The Government has announced that interest rates on all Small Savings Schemes will remain unchanged for the period from January 01, 2026, to March 31, 2026, (Fourth Quarter of FY 2025-26).

Govt Clarifies No Change in Interest Rates of Small Savings Schemes for Fourth Quarter of FY 2025-26

Judgement

The tribunal held that the assessee is liable to give a explanation regarding the source of cash deposits, and just submitting self-serving affidavits without any supporting evidence cannot discharge this burden.

Just Filing Self-Serving Affidavits Without Supporting Evidence Does Not Discharge Assessee's Onus to Explain Source of Cash Deposit: ITAT

ITAT upheld the quashing of reassessment due to defective Section 148A proceedings, violation of natural justice, and invalid approval under Section 151.

ITAT Upholds Taxpayer’s Relief Due to Defective Section 148A Proceedings and Invalid Approval

ITAT rules that an assessee cannot be denied TDS credit due to the deductor’s failure to deposit tax, and directs grant of credit with deletion interest.

Assessee Cannot Be Denied TDS Credit for Deductor’s Default: ITAT Pune

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