News

The Income Tax Department is going to send notices to those individuals whose bank accounts show very low withdrawals, as per the sources.

Income Tax Department Investigates Low Bank Withdrawals and Suspicious Spending

The Bombay High Court has cancelled the notice of an income tax reassessment that was sent to pharmaceutical company Lupin Limited for the financial year 2016-17.

Bombay High Court Cancels Income Tax Reassessment Notice Against Lupin Ltd

The Delhi Court has cancelled an income tax reassessment notice that was sent to Maruti Suzuki India Limited (MSIL) for the year 2009-10.

Delhi High Court quashes Income Tax Reassessment Notice Against Maruti Suzuki

Articles

Fixed deposits (FDs) are one of the most popular investment options among common people. Budget 2025 made major changes to Fixed Deposits (FDs).

Changes in Tax Rules: Fixed Deposit Tax Rules for 2025

A tax order issued by the Bengaluru bench of ITAT was apparently withdrawn after it was discovered that the order was based on ChatGPT research on non-existent cases.

ITAT Bangalore issued order based on ChatGPT research on cases that don’t exist; Later withdraw the Order

Most of the taxpayers are getting income tax demand notices because their Section 87A rebate claims on special rate income

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Income Tax Department Investigates Low Bank Withdrawals and Suspicious Spending

Bombay High Court Cancels Income Tax Reassessment Notice Against Lupin Ltd

Delhi High Court quashes Income Tax Reassessment Notice Against Maruti Suzuki

Changes in Tax Rules: Fixed Deposit Tax Rules for 2025

ITAT Bangalore issued order based on ChatGPT research on cases that don’t exist; Later withdraw the Order

Section 87A Rebate Claimed on Capital Gains? What to Do If You Get a Tax Demand Notice?