Judgement

SC: insurer must satisfy the award and can later recover the compensation from the vehicle owner, upholding the “pay and recover” principle.

SC Reaffirms “Pay and Recover” Principle: Insurer Must Pay First, Recover Later

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A comparative overview of India’s direct tax collections, refunds, and net growth up to November 10, 2025.

Direct Tax Collections Show 7% Growth in FY 2025-26 as of November 10, 2025

Here is the new TDS rates, sections, and threshold limits applicable from Financial Year 2025-26

Updated TDS Rates and Provisions for FY 2025-26: Everything You Need to Know

ITAT Delhi confirmed tax additions for unexplained investment and loan as the assessee failed to justify transactions or appear for hearings.

Mere Payment by Cheque Doesn’t Make Loan Transaction Genuine

Court held that Modvat credit is permissible on inputs used in manufacturing capital goods within the factory of production, even when exempt from excise duty

Exemption on Capital Goods Doesn’t Block CENVAT Credit If Final Output Is Dutiable: Supreme Court

The ITAT Delhi held that reopening the assessment after four years without new evidence was invalid and beyond the Assessing Officer’s jurisdiction.

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SC Reaffirms “Pay and Recover” Principle: Insurer Must Pay First, Recover Later

Direct Tax Collections Show 7% Growth in FY 2025-26 as of November 10, 2025

Updated TDS Rates and Provisions for FY 2025-26: Everything You Need to Know

Mere Payment by Cheque Doesn’t Make Loan Transaction Genuine

Exemption on Capital Goods Doesn’t Block CENVAT Credit If Final Output Is Dutiable: Supreme Court

Big Win for MakeMyTrip! ITAT Slams Income Tax Reopening After 4 Years, says No Failure to Disclose, No Reassessment