Judgement

ITAT allows Rs. 31.11 crore paid to settle US patent dispute as deductible business expenditure; holds payment compensatory and not prohibited by law under Section 37(1).

ITAT: Settlement Payment for Patent Dispute Allowable as Business Expenditure, Not Penal in Nature

Articles

Ravindra praises GST reforms, announces awareness programmes ahead of PM Modi’s Andhra Pradesh visit.

GST Rate Reduction: A Transformative Step for India, Says Excise Minister Kollu Ravindra

News

Have you filed your ITR timely, and the portal showed 'processed' status, still have not received the refund yet? Now now need to worry. Know how to solve this issue.

ITR Refund Delayed Even After Processing? Here’s How to Get It Quickly!

ITAT Delhi cancels Rs. 25,000 penalty, ruling that local authorities not engaged in business are exempt from maintaining books under Section 44AA.

ITAT Cancels Rs. 25,000 Penalty for Non-Maintenance of Books for Local Authority

A major bug in the tax e-filing site allowed unauthorised access to personal data using just a PAN number.

Massive Data Leak Averted: Income Tax Site Bug Could Have Exposed Millions

Here's a comprehensive guide explaining NFRA-2 filing eligibility, key requirements, due dates, and penalties for auditors under the NFRA Rules, 2018.

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ITAT: Settlement Payment for Patent Dispute Allowable as Business Expenditure, Not Penal in Nature

GST Rate Reduction: A Transformative Step for India, Says Excise Minister Kollu Ravindra

ITR Refund Delayed Even After Processing? Here’s How to Get It Quickly!

ITAT Cancels Rs. 25,000 Penalty for Non-Maintenance of Books for Local Authority

Massive Data Leak Averted: Income Tax Site Bug Could Have Exposed Millions

NFRA-2 Filing Deadline Nears: Complete Guide to Eligibility, Requirements, and Key Details