Articles

The extension decision comes after many stakeholders and associations submitted representations to the government requesting the extension of the one-time settlement scheme.

Punjab Govt Extends One-Time Settlement Scheme Due Date Until March 31, 2026

News

MCA has introduced a change in DIN compliance rules requiring KYC once every three financial years and mandatory updating of personal details within 30 days of any change.

MCA eases DIN Compliance: Introduces New DIN KYC and Update Timelines

The FAQs give a clear guide for the manufacturers about the new rules, to help them comply with the machine-based levy system.

Government Releases FAQ on Machine-Based Levy for Chewing Tobacco, Jarda Scented Tobacco, and Gutkha

The Government has announced that interest rates on all Small Savings Schemes will remain unchanged for the period from January 01, 2026, to March 31, 2026, (Fourth Quarter of FY 2025-26).

Govt Clarifies No Change in Interest Rates of Small Savings Schemes for Fourth Quarter of FY 2025-26

Judgement

The tribunal held that the assessee is liable to give a explanation regarding the source of cash deposits, and just submitting self-serving affidavits without any supporting evidence cannot discharge this burden.

Just Filing Self-Serving Affidavits Without Supporting Evidence Does Not Discharge Assessee's Onus to Explain Source of Cash Deposit: ITAT

ITAT upheld the quashing of reassessment due to defective Section 148A proceedings, violation of natural justice, and invalid approval under Section 151.

Explore Our Blogs

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

Punjab Govt Extends One-Time Settlement Scheme Due Date Until March 31, 2026

MCA eases DIN Compliance: Introduces New DIN KYC and Update Timelines

Government Releases FAQ on Machine-Based Levy for Chewing Tobacco, Jarda Scented Tobacco, and Gutkha

Govt Clarifies No Change in Interest Rates of Small Savings Schemes for Fourth Quarter of FY 2025-26

Just Filing Self-Serving Affidavits Without Supporting Evidence Does Not Discharge Assessee's Onus to Explain Source of Cash Deposit: ITAT

ITAT Upholds Taxpayer’s Relief Due to Defective Section 148A Proceedings and Invalid Approval