Judgement

Tribunal holds that Section 87A rebate applies when total income does not exceed Rs. 5 lakh; no statutory exclusion for long-term capital gains for AY 2024-25

ITAT Allows Rebate of Rs. 12,500 u/s 87A Despite Inclusion of Long-Term Capital Gains

AAR held that Cake Gel manufactured by the applicant is classifiable as “food preparations not elsewhere specified or included” and is liable to GST at 18%.

AAR Karnataka: Classification of Cake Gel under GST held as Food Preparation 

ITAT deletes addition treating management fee as FTS under India-Singapore DTAA since “make available” condition not satisfied; interest u/s 234A deleted

ITAT: Management Fee not Taxable as FTS under India-Singapore DTAA

Gujarat High Court quashes reassessment for AY 2015-16, ruling notices issued post-01.04.2021 under TOLA as time-barred and invalid.

Gujarat HC Quashes Reopening for AY 2015-16: Notices Issued After 01.04.2021 under TOLA Invalid

News

US tariff hikes on Indian products raise costs, while ONGC continues oil imports from Russia amidst geopolitical tensions.

We Will Not Stop Buying Oil From Russia: Big Declaration From ONGC Amid Tariff Hike of 25% by US

Notifications

Income Tax Chief Commissioner grants Scientific Research approval to the company IIT Madras Research Park under Section 35(1)(iia) of Income Tax Act.

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ITAT Allows Rebate of Rs. 12,500 u/s 87A Despite Inclusion of Long-Term Capital Gains

AAR Karnataka: Classification of Cake Gel under GST held as Food Preparation

ITAT: Management Fee not Taxable as FTS under India-Singapore DTAA

Gujarat HC Quashes Reopening for AY 2015-16: Notices Issued After 01.04.2021 under TOLA Invalid

We Will Not Stop Buying Oil From Russia: Big Declaration From ONGC Amid Tariff Hike of 25% by US

CBDT Grants Approval to IIT Madras Research Park For Scientific Research