News

ICAI published a comprehensive handbook on the Income-tax Act, 2025, including Finance Act, 2026 amendments, offering clear explanations, comparative mapping with the 1961 Act, and practical guidance for professionals and students.

ICAI Issues a Comprehensive and Updated Guide on Income-Tax Act, 2025

Judgement

The High Court of Karnataka cancelled the tax orders after finding the company wasn’t given a fair chance to respond due to a communication gap with its auditor.

Company Blindsided by Income Tax Notices Sent to Auditor: High Court Steps In & Quashes Entire Proceedings

HC rules the solar project valuation split optional; directs a fresh classification of the supply nature.

HC Remands GST Assessment; 70:30 Valuation Not Mandatory

HC Remands GST Assessment -70:30 Valuation Not Mandatory

HC rules best judgement assessment lapses once returns are filed and dues are fully paid.

HC Holds Section 62 GST Assessment Void After Return Filing

HC rules Section 52 A lapse not fatal where recovery and possession are proved.

HC Upholds NDPS Conviction Despite Procedural Lapse in Sampling

Press Release

The CBDT clarified that the ITCC was not mandatory for all travelers. It applied only in rare cases involving serious financial issues or pending tax dues exceeding Rs 10 lakh, correcting widespread misinformation.

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ICAI Issues a Comprehensive and Updated Guide on Income-Tax Act, 2025

Company Blindsided by Income Tax Notices Sent to Auditor: High Court Steps In & Quashes Entire Proceedings

HC Remands GST Assessment -70:30 Valuation Not Mandatory

HC Holds Section 62 GST Assessment Void After Return Filing

HC Upholds NDPS Conviction Despite Procedural Lapse in Sampling

Income Tax Clearance Certificate Not Mandatory for All Indian Travelers; CBDT Clears Confusion