News

CBDT clarifies that compensation received under the BSNL and MTNL VRS-2019 falls under Section 10(10C) of the Income-tax Act, 1961, and cannot be claimed as exempt under Section 10(10B).

CBDT Clarifies BSNL, MTNL VRS-2019 Compensation Taxable Under Section 10(10C), Not 10(10B)

Notifications

The Central Government has notified an extension of the raw sugar customs duty exemption deadline from October 31, 2026, to December 31, 2026.

Govt Extends Deadline for Raw Sugar Customs Duty Exemption upto December 31

Judgement

The ITAT directed the AO to examine additional evidence and verify the identity, genuineness, and creditworthiness of unsecured loan creditors before passing a fresh order in the Section 68 addition case.

Short Compliance Window Prompts ITAT to Allow Additional Evidence in Unsecured Loan Case

Park Medi World informed the stock exchanges that the Income Tax Department’s verification at company-linked premises had no impact on its operations, commitments or expansion plans.

Park Medi World Says Income Tax Department’s Verification at Company-Linked Premises Had No Impact on Operations or Expansion Plans

The ITAT deleted a Section 69A read with Section 115BBE addition after finding that the assessee’s explanation for cash deposits from his business activities was supported by his income tax computation.

ITAT Deletes Section 69A Addition as Income Computation Supports Source of Cash Deposits

Indo Amines Limited reports a Maharashtra GST Department inspection at its registered office, stating that operations remain unaffected and no material financial or operational impact has been identified so far.

Indo Amines Limited Under GST Department Scrutiny as Maharashtra Tax Officials Initiate Search and Inspection at Registered Office

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