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The CBIC has expanded the customs duty exemption by including 85 categories of machinery used in lithium-ion cell manufacturing, aiming to boost domestic battery production and reduce import costs.

CBIC Expands Customs Duty Exemption for Lithium-Ion Cell Manufacturing Machinery

ITAT reduced the addition on cash found in a joint bank locker after partly accepting the taxpayers' claim that it represented marriage gifts.

ITAT Accepts Marriage Gift Explanation, Cuts Unexplained Cash Addition

ICAI announces one-time opportunity for eligible CA Final passed candidates to complete pending Virtual Adv. ITT And MCS Courses for ICAI Membership Registration.

ICAI Offers One-Time Opportunity to CA Final Passed Candidates for Completing Virtual Advanced ITT and MCS Courses

ITAT held that repayment of loans used for charitable capital expenditure qualifies as application of income under Section 11 and deleted the Rs 3.60 crore addition.

ITAT Allows Rs 3.60 Crore Loan Repayment as Application of Income Under Section 11

The HC allows shifting of accused from Osmania General Hospital to KIMS Hospital under police escort, with the petitioner bearing all treatment expenses.

High Court Directs Custom Dept to Shift Accused to KIMS Hospital for Medical Treatment under Police Escort

CBI Court convicts eight accused including former SBI officials in Rs 1.97 crore bank fraud case, awards 10 years RI with heavy penalties.

CBI Court Sentences Eight Accused to 10 Years Rigorous Imprisonment in Rs 1.97 Crore SBI Loan Fraud Case

The ITAT held that no addition can be made in an unabated Section 153C assessment unless it is based on incriminating material seized during the search.

Unabated Section 153C Assessment Cannot Be Reopened Without Incriminating Material: ITAT

The ITAT Bangalore has allowed tax exemption on BSNL VRS retrenchment compensation and eligible leave encashment, granting major relief to retired employees.

 ITAT Rules BSNL VRS Compensation Exempt from Tax Under Section 10(10B), Grants Leave Encashment Relief

The Central Government has granted an income tax exemption to the Kerala Headload Workers Welfare Board for tax years 2026-27 to 2028-29, subject to compliance with the prescribed conditions under the Income Tax Act, 2025.

Kerala Headload Workers Welfare Board Granted Income Tax Exemption for Three Tax Years

Don't rely on an ITR deadline extension. File early to avoid errors, penalties, and refund delays.

ITR Filing: Why You Shouldn't Rely on a July 31 Deadline Extension

The Income Tax Department has uncovered a Rs 65.5 crore fake tax refund scam involving bogus deduction claims under Section 80GGC. 

Meerut Accountant Accused in Rs 65.5 Crore Income Tax Refund Scam

A professional's viral post about paying nearly Rs 1 crore in taxes but receiving no support after being laid off has reignited the debate on social security and taxpayer benefits in India.

Professional’s Viral Post on Rs 1 Crore Tax Sparks Debate on India’s Social Security

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Finance

ICAI

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ITAT Delhi

ITAT

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CBDT

Institute of Chartered Accountants of India

India's GST collections surged 15.4% to Rs 2.11 lakh crore in July 2026, with Haryana leading state-wise growth and imports driving strong revenue gains.

GST Collections Jump 15.4% to Rs 2.11 Lakh Crore in July 2026; Haryana Tops State-Wise Growth

The Supreme Court ruled that the arrangement between the parties constituted a principal-agent relationship and not a principal-to-principal sale


SC Holds BPCL & HPCL Liable to Pay Service Tax on CNG Sale Services Given to MGL

The ICAI has officially announced the result declaration date for the Information Systems Audit (ISA) Assessment Test held on July 25, 2026.

CBIC Expands Customs Duty Exemption for Lithium-Ion Cell Manufacturing Machinery:

CBIC Expands Customs Duty Exemption for Lithium-Ion Cell Manufacturing Machinery

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