Conducting courses in gemmology, jewellery arts, jewellery design amounts to imparting of education entitling assessee benefit of exemption u/s 11 of the Income Tax Act. In a recent judgment, ITAT Mumbai has held that conducting courses in the field of gemmology, applied jewellery arts, jewellery design and manufacturing …

Special procedure notified under Delhi GST Act 2017 for rectification of order confirming demand for wrong availment of ITC. Lt. Governor of the National Capital Territory of Delhi has notified Special procedure under Delhi Goods and Services Tax Act, 2017 for rectification of order confirming demand for wrong …

CBDT specifies work allocations and zonal charges of its members CBDT has issued an office memorandum dated 03/12/2025 giving details of charge allocation along with work allocation and zonal charges. The CBDT is headed by a Chairperson. In addition to the Chairperson, there are six Members on the …

Addition quashed as alleged manipulation in share prices was merely a speculation and assumption of Assessing Office In a recent judgment, Hon’ble Rajasthan High Court has quashed addition made on account of bogus and dubious share transaction observing that shares have been manipulated was merely a speculation and …

When assesee did not deduct TDS on account of interim stay of High Court, it can’t be regarded as assessee in default under section 201(1) of the Income Tax Act. In a recent judgment, Hon’ble Kerala High Court has held that when assessee did not deduct TDS on …

Penalty u/s 271B is not attracted in a case where books of account have not been maintained In a recent judgment, ITAT Allahabad has held that penalty under section 271B of the Income Tax Act, 1961 is not attracted in a case in which books of account have …