News

The department passed an order under section 154 of the Income Tax Act against a rectification application filed by Crompton.

Income Tax Department imposes Tax Demand of Rs 4.21 Crore on Crompton Greaves over alleged excess refund

Sai Life Sciences Ltd received a Rs 2.54 crore tax demand for alleged non-deduction of TDS on non-resident payments.

ITD imposes Income Tax, Interest & Penalty on Sai Life Sciences for non-deduction of TDS

Judgement

The Rajasthan AAR ruled that rubber rings qualify for 5% GST under HSN 8424 only when made of hard rubber and used exclusively for irrigation purposes.

GST Classification of Rubber Rings in Irrigation Systems: AAR Clarifies 5% Tax Benefit Under HSN 8424

Articles

Sitharaman also requested the tax officers to significantly reduce litigation and adopt technology to reduce human interventions with taxpayers.

Income Tax Act 2025: Nirmala Sitharaman Urges Tax Authorities to Adopt a Taxpayer-Friendly Approach

ITAT allows deduction despite delay, holding audit report filing as procedural requirement under law.

ITAT Allows Section 80-IAC Deduction Despite Delay in Filing Form 10CCB

Police busted a Rs 6.81 crore GST evasion racket involving fake companies, dummy transactions, and fraudulent ITC claims, arresting two key accused persons.

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Income Tax Department imposes Tax Demand of Rs 4.21 Crore on Crompton Greaves over alleged excess refund

ITD imposes Income Tax, Interest & Penalty on Sai Life Sciences for non-deduction of TDS

GST Classification of Rubber Rings in Irrigation Systems: AAR Clarifies 5% Tax Benefit Under HSN 8424

Income Tax Act 2025: Nirmala Sitharaman Urges Tax Authorities to Adopt a Taxpayer-Friendly Approach

ITAT Allows Section 80-IAC Deduction Despite Delay in Filing Form 10CCB

Rs 6.81 Crore GST Evasion Case Busted: Two Key Accused from Bengal and Bihar Arrested