News

Union Budget 2026, to be presented by Finance Minister on Feb 1, will focus on boosting spending, infrastructure, MSME growth, defense & green energy reforms.

Union Budget 2026: Nirmala Sitharaman to Focus on Boosting Consumer Spending and MSME Growth

Judgement

ITAT deletes the entire CPC demand of Rs. 25,710, holding that the Section 87A rebate is fully allowable on LTGCs from debt, as the restriction under Section 112A applies only to equity LTCG.

Income Tax Rebate Restriction Applies Only to Equity LTCG u/s Section 112A, Not LTCG from debt investments: Rules ITAT

Orders

The company wrongly mentioned the date of allotment as 28th March, 2019, instead of the correct date, 29th March, 2019 while Form PAS-3 for the allotment of 13 Lakh shares.

ROC Imposes Penalty on Company and its Director For Making Typing Error in Form PAS-3

SC affirms that electricity generated in SEZ and supplied to DTA cannot be subjected to customs duty through exemption notifications.

Customs Duty on SEZ Power Supply to DTA Held Ultra Vires; Refund Directed

Jobs

The Income Tax Department, Karnataka and Goa Region, has recently released an advertisement to hire young professionals under the Young Professional Scheme of the Central Board of Direct Taxes (CBDT).

Income Tax Dept Invites Applications for handling tax-related matters: Know How to Apply

Notifications

Central Govt has granted tax exemption to Mussoorie Dehradun Development Authority subject to certain conditions under section 10 (46A) of the Income-tax Act.

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Union Budget 2026: Nirmala Sitharaman to Focus on Boosting Consumer Spending and MSME Growth

Income Tax Rebate Restriction Applies Only to Equity LTCG u/s Section 112A, Not LTCG from debt investments: Rules ITAT

ROC Imposes Penalty on Company and its Director For Making Typing Error in Form PAS-3

Customs Duty on SEZ Power Supply to DTA Held Ultra Vires; Refund Directed

Income Tax Dept Invites Applications for handling tax-related matters: Know How to Apply

CBDT Notifies Tax Exemption To Mussoorie Dehradun Development Authority u/s 10(46A) of Income Tax Act