Judgement

Tribunal condones delayed appeal with costs, remands capital gains and Section 54F claims for reconsideration.

ITAT Condones 433-Day Delay, Restores Section 54F and Capital Gains Issues

Tribunal rejects unsubstantiated gift claim, allows limited relief under CBDT Instruction on gold possession.

ITAT Upholds Section 69A Addition, Grants Relief for Permissible Gold Holding

Court holds bank guarantee cannot be released until outstanding licence fee dues are fully discharged.

High Court Denies Bank Guarantee Release Amid Outstanding Excise Licence Dues

News

The Assam GST Department introduces indicative ITC utilisation ratios for government works contractors to monitor excess input tax credit claims and ensure compliance.

Assam GST Department Prescribes Indicative ITC Utilisation Benchmarks for Government Works Contractors

Notifications

The CBDT has notified the following payments receivable by IFSC Units as eligible for TDS exemption under the Income-tax Act, 2025.

CBDT Issues Notification for Exemption from TDS on Certain Payments to IFSC Units under Income-tax Act, 2025

The ITAT granted partial relief to Moradabad Zila Sahkari Bank by allowing key deductions, preventing double taxation, and permitting ex-gratia payments as business expenditure.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

ITAT Condones 433-Day Delay, Restores Section 54F and Capital Gains Issues

ITAT Upholds Section 69A Addition, Grants Relief for Permissible Gold Holding

High Court Denies Bank Guarantee Release Amid Outstanding Excise Licence Dues

Assam GST Department Prescribes Indicative ITC Utilisation Benchmarks for Government Works Contractors

CBDT Issues Notification for Exemption from TDS on Certain Payments to IFSC Units under Income-tax Act, 2025

ITAT Grants Major Relief to Moradabad Zila Sahkari Bank in Tax Appeals