Judgement

The tribunal held that rejecting accounts solely because some suppliers did not respond was bad in law.

Books of Accounts Cannot be Rejected Without Any Specific Defect: ITAT Kolkata

Clean Max Enviro Energy Solutions Limited informed BSE and NSE that it received an income tax assessment order for AY 2023–24 raising a demand of Rs 6.78 crore due to certain additions and disallowances.

Clean Max Enviro Energy Solutions Receives Income Tax Order for AY 2023-24 with Rs 6.78 Cr Demand

Articles

Section 194T mandates 10% TDS on specified payments exceeding Rs 20,000 made by partnership firms and LLPs to partners from April 1, 2025, increasing compliance and tax transparency.

Section 194T Explained: What Partnership Firms and LLPs Must Know

News

NDTV informed the stock exchanges that the Income Tax Department has granted a temporary stay on a Rs 420.36 crore tax demand for AY 2008-09.

Income Tax Department grants stay to NDTV on Rs 420.36 Crore Income Tax Liability

A simple overview of Section 194T and what partnership firms need to do to stay compliant with the new TDS rules.

Section 194T Simplified: Compliance Burden or Necessary Reform?

GeeCee Ventures Limited states they believe they have a reasonable case on merits and do not expect a material adverse impact on their financial position, other than the extent of the demand made.

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Books of Accounts Cannot be Rejected Without Any Specific Defect: ITAT Kolkata

Clean Max Enviro Energy Solutions Receives Income Tax Order for AY 2023-24 with Rs 6.78 Cr Demand

Section 194T Explained: What Partnership Firms and LLPs Must Know

Income Tax Department grants stay to NDTV on Rs 420.36 Crore Income Tax Liability

Section 194T Simplified: Compliance Burden or Necessary Reform?

Income Tax Addition for Rs. 13.40 Crore to GeeCee Ventures Sparks Fresh Legal Battle