Judgement

The ITAT Delhi held that once a transaction is covered under a binding APA under Section 92CC, the Revenue cannot disallow the same expenditure under Section 37(1), deleting the Rs 15.77 crore addition.

ITAT Deletes Rs 15.77 Crore Disallowance, Holds Business Expediency Cannot Be Reopened Under Section 37(1)

The ITAT Mumbai held cash deposits belonging to wife cannot be taxed in assessee’s hands merely due to joint bank account.

ITAT Restricts Addition Made Under Section 69A to Rs. 5 Lakh

A complete guide to important November 2026 compliance deadlines, covering GST returns, income tax filing, TDS payments, EPF, ESI contributions and eligible ITC claims for businesses, employers and taxpayers.

November 2026 Tax Calendar: Check The Complete List of Important GST, Income Tax, TDS, EPF and ESI Due Dates for Businesses and Taxpayers

The GST authorities are planning to introduce a retail e-invoicing pilot from April 1, 2027, covering selected sectors to electronically track consumer invoices, improve tax compliance and curb GST evasion.

Tax Authorities Plan Electronic Recording of Retail Invoices under Pilot Project; Effective April 01, 2027

The ITAT Mumbai holds CIT(A) was empowered to set aside Section 144 assessment under Section 251(1)(a).

ITAT Upholds Fresh Assessment in Rs. 43.50 Lakh Gift Case

Bihar CM Samrat Choudhary urges taxpayers and well-off consumers to give up 125 units of free electricity to support state development.

Bihar CM Samrat Choudhary Urges Income Tax Payers and High Income Consumers to Voluntarily Give Up 125 Units of Free Electricity Benefit

EPFO has launched a WhatsApp-based service enabling members to check PF balances, access passbook details, view their last five transactions and receive PMVBRY assistance without visiting EPFO offices.

EPFO Launches WhatsApp Service to Check PF Balance, Passbook and Last 5 Transactions

Learn how preliminary expenses are taxed under Section 35D of the Income Tax Act, including eligibility, deduction limits, and compliance requirements.

Taxation of Preliminary Expenses Under the Income Tax Act: Complete Guide to Section 35D

Learn the key capital gains tax exemptions available under the Income Tax Act to legally reduce your tax liability on the sale of property and other long-term capital assets.

Selling a Property or Asset? Know These Capital Gains Tax Exemptions

Learn how Joint Development Agreements (JDA) are taxed under the Income Tax Act, including capital gains computation, Section 45(5A), and TDS under Section 194-IC.

Taxation of Joint Development Agreements (JDA): Everything Landowners Need to Know

Received a Section 139(9) notice after filing your ITR? Understand why it was issued, how to fix the defect, and how to avoid your return being treated as invalid.

Section 139(9) Defective Return Notice: Complete Guide to Fixing Your ITR

A practical guide to claiming depreciation on business assets under Section 32 of the Income Tax Act, 1961.

Section 32 of the Income Tax Act, 1961: Depreciation on Business Assets

Income Tax

Finance

ICAI

ITAT Delhi

ITAT

Chartered Accountant

CBDT

ITAT Mumbai

GSTN has introduced a new composition levy category under Section 10(2A), allowing eligible taxpayers to select the appropriate category and update their details through Form GST REG-14.

GSTN Introduces New Composition Levy Category under Section 10(2A); Effective from November 1, 2026

CBI brings Mahadev betting app promoter Sourabh Chandrakar back to India from Oman following extradition; he will be produced before a special court in Raipur tomorrow.

CBI Brings Mahadev Online Betting App Promoter Sourabh Chandrakar Back to India From Oman Following Extradition

The GST System is asking taxpayers to verify their Principal Place of Business details, including address, geolocation, premises photographs and contact information. 

ITAT Deletes Rs 15.77 Crore Disallowance, Holds Business Expediency Cannot Be Reopened Under Section 37(1):

ITAT Deletes Rs 15.77 Crore Disallowance, Holds Business Expediency Cannot Be Reopened Under Section 37(1)

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