News

India’s economy remains stable due to strong forex reserves, even as global tensions, rising oil prices, and investment outflows create challenges for the country.

RBI Says That High Foreign Exchange Reserves Help India Deal With Global Risks Like Rising Oil Prices 

Judgement

ITAT Delhi held that a minor one-day delay in e-verification cannot deprive a taxpayer of the benefit under Section 115BAC.

One day delay in receipt of ITR with CPC Bangalore cannot deny Taxpayer from Opting New Tax Regime: ITAT

Articles

The Kolkata Bench will hear appeals under the relevant provisions of the Central Goods and Services Tax Act, 2017 and the respective State/Union Territory GST Act, as applicable.

GST Appellate Tribunal Kolkata Bench Starts Functioning

LG Electronics India Limited has received a draft tax assessment order proposing Rs 5,728 million in disallowances and plans to challenge it before the Dispute Resolution Panel.

LG Electronics India Faces Rs 5,728 Million Tax Disallowance, Moves to Dispute Resolution Panel

The Tribunal held that the invocation of action under section 263 is not permissible for cases where the ITR was filed under section 44AD.

PCIT Cannot Invoke Section 263 if ITR Was Filed Under Section 44AD: ITAT

The Income Tax Department released FAQs on the new Income-tax Act, 2025, assuring taxpayers that it simplifies the law without increasing taxes.

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RBI Says That High Foreign Exchange Reserves Help India Deal With Global Risks Like Rising Oil Prices

One day delay in receipt of ITR with CPC Bangalore cannot deny Taxpayer from Opting New Tax Regime: ITAT

GST Appellate Tribunal Kolkata Bench Starts Functioning

LG Electronics India Faces Rs 5,728 Million Tax Disallowance, Moves to Dispute Resolution Panel

PCIT Cannot Invoke Section 263 if ITR Was Filed Under Section 44AD: ITAT

Income Tax Portal 2.0 to Manage ITRs of both New and Old Law