Judgement

The Chandigarh ITAT allowed full Section 54 exemption and directed fresh computation of the property's indexed cost, granting major capital gains tax relief to the taxpayer.

ITAT Grants Full Section 54 Relief Despite Joint Property Ownership

The ITAT Chennai permits assessee to produce supporting documents under Rule 29 of ITAT Rules.

ITAT Allows Additional Evidence in Cash Deposit Case

The Lokayukta team on Friday evening caught Jaora deputy ranger Kamal Singh Devda while he was allegedly accepting a bribe of Rs 20,000 from a farmer at his residence in Ratlam district.

Lokayukta Team Catches Jaora Deputy Ranger Red-Handed While Accepting Rs 20,000 Bribe From Farmer at His Residence

The GST Council has released the Minutes Book and Agenda Notes of its 56th meeting, covering key discussions on GST rate rationalisation, Compensation Cess restructuring, insurance and compliance simplification.

GST Council Releases Minutes Book and Agenda Notes (Volumes I & II) of 56th GST Council Meeting

The GSTAT Held that availability of ITC must be assessed after considering the latest GSTR-2A data.

GSTAT Holds Surplus IGST Credit Can Offset CGST and SGST Shortfalls

Belrise Industries has received a Rs 1.51 lakh GST demand order from Tamil Nadu authorities over alleged ineligible ITC claims for FY24 and is evaluating its legal options, including an appeal.

Belrise Industries Faces Rs 1.51 Lakh GST Demand Over ITC Claims, Evaluates Appeal

Petronet LNG has approached the Gujarat HC challenging a DGGI SCN proposing GST recovery of Rs 283.72 crore on Use or Pay Charges.

Petronet LNG Moves Gujarat High Court Challenging Rs 283.72 Crore GST Show Cause Notice on Use or Pay Charges

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

Income Tax

Finance

ICAI

ITAT Delhi

ITAT

Chartered Accountant

CBDT

ITAT Mumbai

Aditya Infotech Limited has disclosed that Avathon Inc. and SparkCognition India Private Limited have dropped the ICC arbitration proceedings against the company following mutual discussions. 

Avathon and SparkCognition Withdraw Arbitration Proceedings Against Aditya Infotech After Mutual Discussion

Petronet LNG has approached the Gujarat High Court challenging a Rs 283.72 crore GST demand raised by DGGI over ‘Use or Pay’ charges, along with applicable interest and penalties.

Petronet LNG Moves Gujarat High Court Against Rs 283.72 Crore GST Demand on ‘Use or Pay’ Charges

CBIC directs GST field formations to stop arrests, restrict e-way bill vehicle inspections and avoid issuing show cause notices involving tax amounts below Rs 10,000 as interim measures pending legislative amendments.

ITAT Grants Full Section 54 Relief Despite Joint Property Ownership:

ITAT Grants Full Section 54 Relief Despite Joint Property Ownership

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