Articles

RBI proposed safeguards for digital payments, including a one-hour delay for transactions above Rs 10,000, fraud controls, account limits, and a kill switch feature, and invited public comments on the discussion paper.

RBI Proposes one hour time lag for Digital transactions of more than Rs 10K to avoid online fraud

News

The Karnataka government has completely ended the tax exemption on electric vehicles in the state, leading to price increases and changes in purchasing concerns.

Karnataka Govt Ends 100% Tax Exemption on EVs in State, Effective April 2026 [Read Notification]

Judgement

The ITAT deleted a Section 69A addition after accepting that the assessee’s bank account was misused by a travel agent and the deposits were not his unexplained income.

Student’s Details Misused by Travel Agent: ITAT Quashes Unexplained Income Addition

Citing the principles of natural justice, the Tribunal restored the case to the Assessing Officer for fresh review, directing that a proper opportunity must be given to the assessee.

ITAT Condones 705-Days Delay and Restores Matter As Notices Sent to Former Consultant's Email

Notifications

The CBDT has notified key corrections in ITR-1 and ITR-4 forms, including updates to Schedule IT and salary-reporting details.

Important Update: CBDT Amends ITR-1 and ITR-4 Schedules and Salary Details

Court Holds Rule 39(1)(a) Not Ultra Vires; Clarifies ITC Distribution Linked to Actual Availability Under Section 16

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RBI Proposes one hour time lag for Digital transactions of more than Rs 10K to avoid online fraud

Karnataka Govt Ends 100% Tax Exemption on EVs in State, Effective April 2026 [Read Notification]

Student’s Details Misused by Travel Agent: ITAT Quashes Unexplained Income Addition

ITAT Condones 705-Days Delay and Restores Matter As Notices Sent to Former Consultant's Email

Important Update: CBDT Amends ITR-1 and ITR-4 Schedules and Salary Details

High Court Upholds Validity of Same-Month ISD Credit Distribution Rule Under CGST in Reliance Jio Dispute