Judgement

The Income Tax Appellate Tribunal (ITAT) Bangalore, has granted relief to Navi General Insurance Ltd. by deleting disallowances relating to amortisation of preliminary expenses under Section 35D and ESOP expenses claimed under Section 37(1).

ITAT Bangalore Allows Section 35D and Rejects Disallowance Without Disturbing Earlier Assessments

News

Punjab Finance Minister Harpal Singh Cheema warned tax evaders after a GST enforcement drive in Mandi Gobindgarh.

Cheema Warns Tax Evaders; GST Crackdown Seizes Rs 7 Crore Goods, Rs 3.5 Crore Penalty Levied

Notifications

The Finance Ministry has fixed the interest rate on Senior Citizens Welfare Fund (SCWF) deposits at 6.85% for the period from April 1, 2025, to March 31, 2026.

Finance Ministry Notifies 6.85% Interest Rate for Senior Citizens Welfare Fund Deposits

Court grants interim protection against coercive action while constitutional challenge to Black Money Act continues.

Bombay High Court Grants Interim Protection to Anil Ambani in Black Money Act Challenge, Bars Coercive Action

Gujarat has raised its GST collection target to Rs 84,050 crore for FY 2026-27 and plans to intensify raids, verification drives, and AI-based monitoring to curb tax evasion and boost revenue collections.

Gujarat Targets Rs 84,050 Crore GST Collection, Plans More Raids on Tax Evaders

Tribunal holds software subscription receipts are not taxable as fees for technical services.

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ITAT Bangalore Allows Section 35D and Rejects Disallowance Without Disturbing Earlier Assessments

Cheema Warns Tax Evaders; GST Crackdown Seizes Rs 7 Crore Goods, Rs 3.5 Crore Penalty Levied

Finance Ministry Notifies 6.85% Interest Rate for Senior Citizens Welfare Fund Deposits

Bombay High Court Grants Interim Protection to Anil Ambani in Black Money Act Challenge, Bars Coercive Action

Gujarat Targets Rs 84,050 Crore GST Collection, Plans More Raids on Tax Evaders

ITAT Rules Cybersecurity Software Subscription Receipts Not Taxable as FTS