Judgement

The ITAT Delhi deleted a Rs 10 lakh penalty under Section 269ST, ruling that cash receipts above Rs 2 lakh attract penalty only when specific statutory conditions are proven.

ITAT Deletes Section 269ST Penalty, Says Cash Receipt Above Rs 2 Lakh Must Be Linked to Single Day or Transaction

Articles

A comprehensive guide to the capital gains tax implications of asset transfers between partners and partnership firms under Sections 45(3), 9B, and 45(4), along with ITR reporting requirements for AY 2026-27.

Capital Gains on Transfer of Assets between Partners and Firms

The Madras High Court has held that fresh proceedings under Sections 73, 74 or 74A of the CGST Act can be initiated against the legal heirs of a deceased taxpayer even when the business has been discontinued.

High Court Held GST Authorities Can Initiate Fresh Proceedings Against Legal Heirs Even After Taxpayer's Death

June 30 is a crucial deadline for taxpayers, as it marks the last date for the Income Tax Department to issue scrutiny notices under Section 143(2) for verifying filed ITRs and reported financial details.

ITR Filed Already? Know Why June 30 Can Be a Crucial Date for You

News

The CBI has arrested senior IAS officer Pankaj Aggarwal in connection with an alleged Rs 60.54 crore Haryana government funds scam linked to a larger Rs 504 crore banking fraud investigation.

CBI Arrests Haryana IAS Officer Pankaj Aggarwal Over Alleged Rs 60.54 Crore Misappropriation

Three key factors suggest the Income Tax Department is unlikely to grant any further extension for ITR filing in AY 2026-27.

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ITAT Deletes Section 269ST Penalty, Says Cash Receipt Above Rs 2 Lakh Must Be Linked to Single Day or Transaction

Capital Gains on Transfer of Assets between Partners and Firms

High Court Held GST Authorities Can Initiate Fresh Proceedings Against Legal Heirs Even After Taxpayer's Death

ITR Filed Already? Know Why June 30 Can Be a Crucial Date for You

CBI Arrests Haryana IAS Officer Pankaj Aggarwal Over Alleged Rs 60.54 Crore Misappropriation

No Last-Minute Relief? Why Taxpayers Shouldn't Expect an ITR Deadline Extension For AY 2026-27