News

Mastek Limited received a Rs 123.58 crore tax addition order for FY23 and plans to challenge it, saying it expects no material impact on its business or finances.

Mastek Receives Rs 123.58 Crore Tax Addition Order, To Challenge Assessment

Geecee Ventures to appeal before ITAT after CIT(A) dismissed its challenge against a Rs 19.22 crore tax addition related to exempt dividend income.

Geecee Ventures Discloses CIT(A) Dismissal of Appeal; To Approach ITAT

Articles

ITR filing helps with tax refunds, loans, visas, insurance, and future tax savings while building a strong financial record.

5 Hidden Benefits of Filing ITR Even If You Pay No Tax

Notifications

The Income-tax (Amendment) Ordinance, 2026 exempts specified foreign investors, including FIIs and the BIS, from tax on interest and capital gains from Government securities.

Government notifies exemption for FIIs on interest on Government Securities [Read Notification]

Judgement

The ITAT Delhi held that payments made to tenants for vacating a property to facilitate its sale are deductible while computing capital gains and directed the tax authorities to recompute the taxpayer’s liability.

ITAT Allows Deduction of Tenant Eviction Payments, Directs Recalculation of Capital Gains on Property Sale

Tribunal quashes reassessments and deletes penny stock additions citing lack of independent inquiry.

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Mastek Receives Rs 123.58 Crore Tax Addition Order, To Challenge Assessment

Geecee Ventures Discloses CIT(A) Dismissal of Appeal; To Approach ITAT

5 Hidden Benefits of Filing ITR Even If You Pay No Tax

Government notifies exemption for FIIs on interest on Government Securities [Read Notification]

ITAT Allows Deduction of Tenant Eviction Payments, Directs Recalculation of Capital Gains on Property Sale

ITAT Rejects Penny Stock Additions for Lack of Tangible Evidence