AI Tools Catch Rs. 68 Lakh Capital Gains Tax Fraud in Hyderabad

Judgement

High Court denies 80HHC tax deduction on foreign exchange gains, citing Supreme Court ruling in Shah Originals case.

Exchange Gain Not Attributable to Export Activity Under Section 80HHC: HC

Articles

Parliamentary panel recommends 285 changes to modernise tax law; 250 already accepted by government. Among them, one is a time-bound resolution of tax litigations.

Parliamentary Panel Proposes 285 Changes to Income Tax Bill 2025, Focus on Time-Bound Litigation

Notifications

The New Okhla Industrial Development Authority is now eligible for tax exemption, subject to a condition.

CBDT Issues Income Tax Exemption Notification u/s 10(46A) to Exempt NOIDA Authority

Himachal Pradesh HC refuses to quash the GST fraud case against G.M. PowerTech partners, citing prima facie evidence of fake ITC claims and non-existent suppliers.

GST Arrest: Prima Facie Evidence of Fictitious Suppliers and Non-existent Delivery, High Court Refuses to Intervene

Income Tax Department has introduced utilities and Online ITR-2 filing with Pre-filled Data. New updates offer smoother and faster experience for taxpayers.

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AI Tools Catch Rs. 68 Lakh Capital Gains Tax Fraud in Hyderabad

Exchange Gain Not Attributable to Export Activity Under Section 80HHC: HC

Parliamentary Panel Proposes 285 Changes to Income Tax Bill 2025, Focus on Time-Bound Litigation

CBDT Issues Income Tax Exemption Notification u/s 10(46A) to Exempt NOIDA Authority

GST Arrest: Prima Facie Evidence of Fictitious Suppliers and Non-existent Delivery, High Court Refuses to Intervene

Great News! Taxpayers Can Now File ITR-2 With Pre-filled Data