Judgement

Fine Organic Industries has challenged a ₹56 lakh tax penalty, asserting that the matter is legally contestable following a detailed internal review.

Fine Organic Industries Challenges Rs. 56 Lakh Income Tax Penalty, Files Appeal

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.

Explore Our Blogs

Fine Organic Industries Challenges Rs. 56 Lakh Income Tax Penalty, Files Appeal

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?