News

Income Tax Department releases FAQs on transition from Income Tax Act 1961 to the proposed 2025 framework, clarifying key changes, compliance requirements, and taxpayer impact.

Income Tax Department releases FAQs on Transition from IT Act 1961 to 2025

Income Tax Department imposes Rs. 5.50 crore penalty on IDBI Bank

Income Tax Department imposes Penalty of Rs. 5.50 Cr on IDBI Bank

Total Transport Systems Limited has received a Rs 63.85 lakh GST demand order for alleged ineligible ITC claims, which it plans to challenge through an appeal.

Total Transport Systems Faces Rs 63.85 lakh Demand Over Claiming Ineligible and Excess ITC 

Judgement

The ITAT sent back Shilpa Shetty Kundra’s gift case to the AO for fresh verification due to lack of clear evidence supporting the transaction.

ITAT Sends Back Rs 12.54 Crore Gift Case of Shilpa Shetty Kundra to Assessing Officer

SC rules breach of profit-sharing in film project is civil dispute, not cheating under IPC

Supreme Court: Failed Film Investment Not Cheating Without Fraudulent Intent

Even though the said demand is too heavy, SBI has assured that the demand order does not have any impact on the operations or other activities.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

Income Tax Department releases FAQs on Transition from IT Act 1961 to 2025

Income Tax Department imposes Penalty of Rs. 5.50 Cr on IDBI Bank

Total Transport Systems Faces Rs 63.85 lakh Demand Over Claiming Ineligible and Excess ITC

ITAT Sends Back Rs 12.54 Crore Gift Case of Shilpa Shetty Kundra to Assessing Officer

Supreme Court: Failed Film Investment Not Cheating Without Fraudulent Intent

SBI Faces Rs 6,337 Crore Income Tax Demand for AY 2023-24