News

The Reserve Bank of India (RBI), in its "State of the Economy" report, has warned that India’s economy is growing faster, even though there are still problems and uncertainties in the global economy.

RBI's State of the Economy Report Signals Strong Growth Amid Global Uncertainty

Judgement

The ITAT remanded the case after finding that the income was increased without issuing the mandatory show-cause notice.

ITAT Kolkata Flags Natural Justice Violation in Rs. 12.77 Crore Income Addition, Case Remands to CIT(A)

The Delhi High Court quashed a reassessment notice sent one day late, ruling that a notice is valid only when actually issued, not merely generated on the portal.

Delhi HC Quashes Section 148 Reassessment Notice Issued One Day Late, Says “Generated” Is Not “Issued”

Articles

The petitioner contended that Section 13A(d) allows the wealthy anonymous donors to divide the large donations into smaller Rs 2,000 each and use multiple ways to donate money to the political parties.

Supreme Court Agrees to Hear Plea Challenging Income Tax Exemption for Political Parties

An interstate network created dozens of fake companies and GST invoices to evade taxes running into several crores.

CGST Cracks Rs 350 Crore Fake Invoice Scam in North Chennai

Taxpayers who have missed their deadline for filing ITR for the AY 2025-26, there is a special chance for you to file a belated return online. Check the simple steps to file a return.

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RBI's State of the Economy Report Signals Strong Growth Amid Global Uncertainty

ITAT Kolkata Flags Natural Justice Violation in Rs. 12.77 Crore Income Addition, Case Remands to CIT(A)

Delhi HC Quashes Section 148 Reassessment Notice Issued One Day Late, Says “Generated” Is Not “Issued”

Supreme Court Agrees to Hear Plea Challenging Income Tax Exemption for Political Parties

CGST Cracks Rs 350 Crore Fake Invoice Scam in North Chennai

Missed ITR Deadline for AY 2025-26? Here's Step-by-Step Procedure to File Belated Return Online