Judgement

Tribunal deletes additions towards bogus purchases; holds post-amalgamation income cannot be taxed again in hands of erstwhile company

ITAT Allows Appeal, Deletes Additions on Bogus Purchases, Suppression of Production and Section 40A(3) Disallowance

Articles

Major GST reforms are underway, focusing on faster registration, automated ITC refunds, and simplified compliance. The changes align with PM Modi’s three-pillar vision.

Finmin Allows Businesses to Secure GST Registration Within Three Calendar Days, GST Reforms Underway

Notifications

This Act amends the existing Income-tax Act, 1961 and the Finance Act, 2025. Starting from 1st April 2025, this amendment brings important updates to the Income-tax Act, 1961, in section 10.

Taxation Laws (Amendment) Act, 2025: Key Highlights

News

Income Tax Department starts releasing delayed ITR refunds after enhanced safety checks, assures all pending cases will be cleared soon.

Good News for Taxpayers: ITR Refunds Are Now Being Released After Delay Due to Safety Checks

ICAI Disciplinary Committee removes member’s name for 2 months and levies 50,000 penalty for failure to disclose related party transactions and certifying sham advances as genuine

ICAI Removes Member for 2 Months and Imposes Rs. 50,000 Fine for Professional Misconduct

The Indian Parliament passes Income Tax Act, 2025, aimed at simplifying and modernizing the country's direct tax regime.

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ITAT Allows Appeal, Deletes Additions on Bogus Purchases, Suppression of Production and Section 40A(3) Disallowance

Finmin Allows Businesses to Secure GST Registration Within Three Calendar Days, GST Reforms Underway

Taxation Laws (Amendment) Act, 2025: Key Highlights

Good News for Taxpayers: ITR Refunds Are Now Being Released After Delay Due to Safety Checks

ICAI Removes Member for 2 Months and Imposes Rs. 50,000 Fine for Professional Misconduct

Parliament Passes Income Tax Act 2025 to Replace Old Tax Law