• Income Tax

New Income Tax Bill 2025 nearly doubles existing sections of 1961 Act. Download Bill & FAQs

11 months ago

New Income Tax Bill 2025 nearly doubles existing sections of 1961 Act. Download copy of Bill and read FAQs on…

  • Service Tax

No service tax leviable on sale of lottery tickets– Supreme Court

11 months ago

No service tax leviable on transactions between purchaser of lottery tickets and Government of Sikkim – Supreme Court   In…

  • SEBI

SEBI fixes responsibility for use of artificial intelligence

11 months ago

SEBI fixes responsibility for use of artificial intelligence and machine learning tools and techniques SEBI has notified he Securities and…

  • Income Tax

Without recalling earlier order, fresh rectification order u/s 154 can not be passed

11 months ago

Without recalling earlier order, fresh rectification order u/s 154 can not be passed In a recent judgment, Allahabad High Court…

  • Income Tax

Annual Statement u/s 285 by a non-resident to be furnished within eight months

11 months ago

Annual Statement u/s 285 by a non-resident to be furnished within eight months  Under section 285 of the Income Tax…

  • Income Tax

Possibility of penalty proceedings cannot be kept pending like a Damocle’s sword – High Court

11 months ago

Possibility of initiating proceedings against an assessee cannot be kept pending over his head like a Damocle’s sword – Penalty…

  • Income Tax

Time spent proceedings against deceased assessee can’t be set off for limitation against LR

11 months ago

There is no provision in Income Tax Act for discounting the time spent during the pendency of proceedings against the…

  • GST

Procedure in case of departmental appeal against interest/penalty related to Section 128A

11 months ago

Procedure to be followed in department appeal filed against interest and/or penalty only, related to Section 128A of the CGST…

  • Income Tax

Order rejecting application for compounding u/s 276CCC quashed by Supreme Court

11 months ago

CCIT order rejecting application for compounding of offence u/s 276CCC quashed by Supreme Court being covered by the expression “first…

  • Income Tax

Case remitted for verification of wrong figure of ICDS adjustment by Tax Auditor

11 months ago

Case remitted for verification of wrong figure on account of adjustment for ICDS as reported by Tax Auditor. In a…