Judgement

The Tribunal ruled in favour of the assessee company, holding that once the genuineness of the transaction had been accepted in earlier years, the interest expenses cannot be disallowed in the current year.

Interest Expenses Cannot Be Disallowed in Current Year If Genuineness Is Accepted in Previous Years: ITAT

News

Mumbai IT executive cheated of Rs 4.69 crore as Lucknow CA allegedly misuses his GST account for fraud

Friendship Turns Fraud: CA Allegedly Cheats Mumbai IT Executive of Rs 4.69 Crore

Notifications

CBDT approves Sikshya O Anusandhan for tax benefits on scientific research under Section 35 of the Income Tax Act

CBDT Notifies Approval of Sikshya O Anusandhan for Scientific Research Under Section 35

The Central Government, using its power under clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), has granted income tax exemption to the State Legal Service Authority Union Territory, Chandigarh.

CBDT Notifies Tax Exemption to State Legal Service Authority Union Territory, Chandigarh

The tourists were allegedly being charged higher than the specified rates for sightseeing trips to Bhubaneshwar, Konark, and Satapada.

Police and GST Officials Raid Tour Agencies in Puri for Alleged Overcharging and Tax Evasion 

The Income Income Tax Act, 1961, new Act focuses on introducing a simple, modern and taxpayer-friendly framework.

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Interest Expenses Cannot Be Disallowed in Current Year If Genuineness Is Accepted in Previous Years: ITAT

Friendship Turns Fraud: CA Allegedly Cheats Mumbai IT Executive of Rs 4.69 Crore

CBDT Notifies Approval of Sikshya O Anusandhan for Scientific Research Under Section 35

CBDT Notifies Tax Exemption to State Legal Service Authority Union Territory, Chandigarh

Police and GST Officials Raid Tour Agencies in Puri for Alleged Overcharging and Tax Evasion

Income Tax Act, 2025: What Are the New Income Tax Rules Effective from April 1, 2026?