ICAI opens branch in Gondia District of Maharashtra ICAI has a opened a Branch of Western India Regional Council in Gondia District of Maharashtra with effect from August 13, 2025. The Gondia Branch of ICAI shall be known as Gondia District Branch of Western India Regional Council and …

Full TDS credit u/s 194Q cannot be denied merely because assessee is a commission agent and had disclosed only commission income. In a recent judgment, ITAT Chandigarh allowed full credit of TDS reflecting in Form 26AS to a commission agent as the provisions of section 194Q of the …

Complaint u/s 138 of N.I. Act against SICK company was valid when restraint order allowed it to draw to meet its day-to-day operations In a recent judgment, the Hon’ble Supreme Court has held that there was no embargo on filing a complaint u/s 138 of N.I. Act against …

ITAT confirms disallowance u/s 37(1) interest on delayed payment of services tax, TDS, late fees on delay in filing of TDS returns In a recent judgment, ITAT Allahabad upheld disallowance u/s 37(1) on account of interest paid on delay in payment of services tax, interest paid on delay …

Addition deleted for deposits in assessee’s bank account, fees of students of the school the assessee was employed. In a recent judgment, Allahabad ITAT deleted the addition made to the income of the assessee towards deposits in his personal bank account, fees of the students of his employer …

Amendment to Income Tax Rule 2DCA – Income-tax (Twenty-Fifth Amendment) Rules, 2025 Income Tax Rule 2DCA was introduced by the Central Board of Direct Taxes (CBDT)via Notification No. 50/2022 (dated 6 May 2022). It lays out the methodology for computing minimum investment and exempt income under clause (23FE) …