Notifications

The Regional Rural Banks Act, 1976, was introduced to develop the rural areas by offering credit and other facilities to the small farmers, agricultural labourers, small enterprises, artisans, etc.

FM changes Name of Six Regional Rural Banks Across India [Read Notification]

Articles

Understand common reasons for Income Tax Refund delays and the steps to get your money faster

Waiting for Your Tax Refund? Here’s Why It Might Be Taking Longer

Judgement

The Supreme Court has ruled that genuine buyers under the DVAT Act cannot be denied Input Tax Credit (ITC) if the seller fails to deposit VAT, protecting bona fide purchasers from seller defaults.

Supreme Court Upholds ITC Benefit for Bona Fide Purchasers Under DVAT

Taxpayers who need to file an Updated Return (ITR-U) for AY 2023-24 can download these utilities directly from the Income Tax e-Filing portal.

Excel Utilities for Filing Updated ITRs for AY 2023-24 Now Available on I-T Portal

High Court allows revision and holds reassessment under Section 29(7) valid where Additional Commissioner’s permission was on record.

High Court Allows Revision; Reassessment Upheld Under Section 29(7) of UP VAT Act

HC allows revision and sets aside penalty u/s 54(1)(14) of the UP VAT Act where goods were for business use and a blank Form-38, without corroboration, did not indicate intent to evade tax

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FM changes Name of Six Regional Rural Banks Across India [Read Notification]

Waiting for Your Tax Refund? Here’s Why It Might Be Taking Longer

Supreme Court Upholds ITC Benefit for Bona Fide Purchasers Under DVAT

Excel Utilities for Filing Updated ITRs for AY 2023-24 Now Available on I-T Portal

High Court Allows Revision; Reassessment Upheld Under Section 29(7) of UP VAT Act

High Court Quashes Penalty of Rs. 1.5 Lacs; Holds Blank Form-38 Alone Insufficient to Infer Tax Evasion