Judgement

ITAT held that revision under section 263 cannot be invoked where the Assessing Officer conducted a detailed inquiry on Section 14A disallowance

Income Tax: Section 263 Revision Invalid Where Assessing Officer Conducted Proper Inquiry

Articles

Pankaj Chaudhary has informed that currently the government is not proposing to review the effectiveness of corporate tax granted in recent years.

Govt Not Considering Review of Corporate Tax Cuts, Says Pankaj Chaudhary

Pankaj Chaudhary said the government is introducing reforms in the Finance Bill 2026 to speed up income-tax dispute resolution.

121690 Income Tax Dispute pending in courts during last 3 years

News

The company's spokesperson said that Flipkart conducts detailed reviews every year to evaluate its employees' performance during the year.

Flipkart Asks Around 300 Employees to Exit After Its Annual Performance Review

The Government clarifies that there is no separate GST slab for ultra-processed foods (UPFs) and foods high in fat, sugar, or salt (HFSS); all food products fall under chapters 1 to 21 of HSN.

All Food Products Classified under Chapters 1 to 21 of HSN: No Separate GST Slab for UPFs and HFSS Foods

Public Sector Banks collected Rs 8,092.83 crore in minimum balance penalties from FY 2022‑23 to 2024‑25, says sitharaman.

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Income Tax: Section 263 Revision Invalid Where Assessing Officer Conducted Proper Inquiry

Govt Not Considering Review of Corporate Tax Cuts, Says Pankaj Chaudhary

121690 Income Tax Dispute pending in courts during last 3 years

Flipkart Asks Around 300 Employees to Exit After Its Annual Performance Review

All Food Products Classified under Chapters 1 to 21 of HSN: No Separate GST Slab for UPFs and HFSS Foods

Rs 8,092 Crore Collected as Minimum Balance Penalties by Public-Sector Banks