Judgement

The ITAT Bangalore held that interest earned from temporary surplus funds is business income eligible for Section 80P deduction, not “income from other sources".

Interest earned by Cooperative society from temporary deployment Surplus business Funds eligible for Section 80P Deduction: ITAT

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The handbook explained GST returns, payment procedures, filing timelines, and compliance rules. It included updates on ITC, IMS, Rule 88C, and ISD, helping users understand practical aspects easily.

ICAI Issues March 2026 Edition of Handbook on Returns and Payments Under GST

The IT Department has replaced old Form 49B with new Forms 134 and 135 to simplify the TAN application process.

Applying for TAN? Here’s What’s Changed with the New Forms

HC dismisses revenue appeal upholding ITAT relief on multiple tax additions and disallowances

UPS forms integral part of computer and is eligible for higher rate depreciation: High Court

High Court quashes rectification holding DTVSV settlement final and bars further proceedings under Section 154.

Income Tax Section 154 Cannot Override DTVSV Final Settlement, Holds HC

The Madras HC ruled that the Model Code of Conduct does not prohibit film releases, dismissing the plea to halt Dhurandhar 2 in Tamil Nadu due to lack of challenge to its CBFC certification.

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Interest earned by Cooperative society from temporary deployment Surplus business Funds eligible for Section 80P Deduction: ITAT

ICAI Issues March 2026 Edition of Handbook on Returns and Payments Under GST

Applying for TAN? Here’s What’s Changed with the New Forms

UPS forms integral part of computer and is eligible for higher rate depreciation: High Court

Income Tax Section 154 Cannot Override DTVSV Final Settlement, Holds HC

No MCC Bar on Film Releases: Madras HC Dismisses Plea Against ‘Dhurandhar 2’ Screening in Tamil Nadu