The ITAT significantly reduced an unexplained cash credit addition from Rs. 32.86 lakh to a lump-sum of Rs. 4 lakh, reasoning that a regular exporter with maintained books cannot have the entire ...

The Goods and Services Tax (GST) Annual Return, Form GSTR-9, has undergone significant changes for the Financial Year (FY) ...

This ITAT ruling draws a clear line: it upheld the legal and evidence-based addition of ₹6.12 lakh for deemed rental income on multiple house properties, but simultaneously deleted the entire ...

New GST reforms in Goa will reduce costs by 6-11% on tourism, transport, and food, boosting affordability for 2.5 lakh ...

CBIC mandates online processing of Look Out Circulars via the LOC portal, discontinuing manual or email requests from March 1 ...

The CBIC October 2025 newsletter details the revival of the S-CORD anti-smuggling platform, a 10.488 kg gold smuggling bust ...

GST reduced to on Mizo Bird's Eye Chilli, ginger, turmeric, passion fruit products, bamboo crafts, and mid-range hotels, ...

The ITAT ruled that interest on enhanced compensation for the compulsory acquisition of agricultural land is fully exempt from income tax, citing Section 96 of the RFCTLARR Act, 2013. The Tribunal ...

The ITAT invalidated a reassessment order because the Assessing Officer (AO) failed to make any addition on the sole issue for which the reassessment was initiated (cash deposits). Citing binding ...

This Income Tax appeal addressed whether a 5% infrastructure fee should be deducted based on gross bills or actual cash receipts. The Bombay High Court upheld the lower authorities decision, ...

Income Tax Department has introduced a new feature in the e-filing portal that shows when an Assessing Officer or CIT(A) ...

Penalties were imposed for continued non-compliance in filing annual returns, underscoring directors’ accountability and the personal financial consequences of ...