Judgement

Reassessment set aside as seized register entries and third-party statements failed to establish any nexus with the assessee or alleged “on-money” payment.

No Direct Link, No Reopening: High Court Quashes Income Tax Reassessment Based on Broker’s Loose Papers

High Court holds that where travel agents have paid tax, airlines cannot be asked to pay TDS again and are liable only for interest

Old TDS Dispute Settled: Delhi HC Limits Airline’s Liability to Interest Only

ITAT accepts “impossibility of performance” for minor PF delay and follows Bombay HC to grant treaty relief on dividend distribution tax

One-Day PF Delay Due to Tech Glitch Allowed; Excess DDT on UK Dividends Refundable

Tribunal holds Supreme Court’s Checkmate ruling applies retrospectively and validates adjustments made under Section 143(1)(a)

ITAT Upholds CPC Disallowance of Delayed PF & ESI Contributions Despite Pre-Return Payment

Articles

The government has proposed significant amendments to the earlier 60-year-old Income Tax Act of 1961, scheduled to effect from April 01.

New Income Tax Act 2025 Replacing Earlier 60-Year-Old Income Tax Rules; Effective April 01

New Income Tax Act 2025 Replacing Earlier 60 Year Old Income Tax Rules to Effect from April 01

ITAT allowed deduction of Rs. 1.06 crore interest expense under Section 57(iii), holding that interest paid on borrowed funds used to earn interest income is a valid allowable expense.

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No Direct Link, No Reopening: High Court Quashes Income Tax Reassessment Based on Broker’s Loose Papers

Old TDS Dispute Settled: Delhi HC Limits Airline’s Liability to Interest Only

One-Day PF Delay Due to Tech Glitch Allowed; Excess DDT on UK Dividends Refundable

ITAT Upholds CPC Disallowance of Delayed PF & ESI Contributions Despite Pre-Return Payment

New Income Tax Act 2025 Replacing Earlier 60 Year Old Income Tax Rules to Effect from April 01

ITAT Upholds Section 57(iii) Deduction for Interest Paid on Borrowed Funds; Favours Assessee