Section 44C applies to exclusive expenditure on head office for the Indian branches incurred by non resident assessee’s. In a recent judgment, Hon’ble Supreme Court has held that Section 44C of Income Tax Act is not limited to mere common expenditure incurred by the head office attributable to …

Compensation under motor vehicle Act to parents of child died attract a less multiplier than from that of a claim filed by a disabled child. In a recent judgment, Hon’ble Supreme Court has held that compensation under motor vehicle Act by parents of child died would definitely attract …

Extension of time limit for furnishing GSTR 3B under Delhi GST Act 2017 Department of Trade and Taxes(Policy and Research Branch) Notification No. 17/2025 Delhi, the 10th December, 2025 F. No. DTT-D011/45/2025-Policy-TT-Trade and Taxes Department–671.—In exercise of the powers conferred by sub-section (6) of section 39 read with …

Acceptance of Audit Fee only through digital modes or banking channels from 01.04.2026 – ICAI revises Code of Ethics  In a significant amendment to Code of Ethics, ICAI has mandated Chartered Accountant or CA Firms shall accept Audit Fee only through digital modes or banking channels from 01.04.2026.  …

High Court sets aside demand notices in respect of a period, for which the assessee had discharged tax liability under SVLDRS In a recent judgment, Hon’ble Bombay High Court has held that the demand of service tax interest and penalty in respect of a period, for which the …

Addition u/s 68 can not be made applicable where there is no fresh receipt of unsecured loans at all during the year – ITAT In a recent judgment, Agra ITAT has held that addition u/s 68 of the Act could be made applicable where there is no fresh …