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CBDT notifies the Capital Gains Accounts (Second Amendment) Scheme, 2025 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 19th November, 2025 (INCOME-TAX) S.O. 5293(E) — In exercise of the powers conferred by sub-section (2) of section 54, sub-section (2) of section …

Uttar Pradesh Government has notified reduced / concessional rate of registration and stamp duty fees on lease / rent agreements. Currently, any rental agreement for more than eleven months must be registered at the local sub-registrar’s office to be legally enforceable. Failing to register an agreement for more …

First-time experience in filing appeal was a reasonable and bona fide cause for delay – ITAT condoned delay In a recent judgment ITAT Hyderabad condoned the delay in filing appeal observing delay due to assessee’s official deployment during Parliamentary Elections and his first-time experience in filing appeal was …

Mere nondisclosure of place of destination in the documents cannot be a ground for seizure u/s 129 of GST Act. In a recent judgment, Allahabad High Court has held that merely non-disclosure of place of destination in the accompanying documents cannot be a ground for seizure of goods …

Imposition of exorbitant interest in contemporary commercial practices not against the fundamental policy of Indian Law, or against the morality or justice In a recent judgment, the Hon’ble Supreme Court has held that it cannot be said that the imposition of an exorbitant interest in the background of …

Assessees was  not required to prove the “source of the source‟ of funds received as unsecured loans Prior to the amendment of Finance Act, 2022 In a recent judgment, Hon’ble Delhi High Court held that since the case related to prior to the amendment of Finance Act, 2022 …

The contention that during the pendency of case before settlement commission, the assessee must give up his right to contest the assessment order on merits is misconceived and must be rejected – Supreme Court In a recent judgment, the Hon’ble Supreme Court rejected the stand of the Revenue …

Entire amount of undisclosed money cannot be treated as income and only estimated profit embedded in these transactions may only be taxed.  In a recent judgment, Rajkot ITAT held that entire amount of undisclosed money cannot be treated as income and only estimated profit embedded in these transactions …

Penalty confirmed as loading point of the goods loaded in vehicle was different as declared in E- Way Bill which is confirmed by driver and GPS location In a recent judgment, Hon’ble High Court of Jharkhand confirmed penalty as loading point of the goods loaded in vehicle was …

Notice u/s 143(2) send by email fifty seconds before signing by the Assessing Officer was not a legal notice – ITAT In a recent judgment, ITAT Jaipur quashed the assessment holding that notice under section 143(2) send by email fifty seconds before signing of notice by the Assessing …