The Tribunal held that once business receipts are taxed on an estimated basis, separate additions for payments and assets from the same receipts are impermissible. Only a net-profit estimation was ...

The Bill simplifies filings, eases compliance, and boosts certainty. Key takeaways include revised deadlines, MAT changes, and targeted ...

Budget 2026 revamps Customs, Excise, and GST to simplify compliance and boost exports. The key takeaway is a trust-based, technology-driven indirect tax ...

Recent Landmark GST Rulings Key Takeaways for GST Practitioners – An analytical roundup of judicial trends shaping GST litigation and compliance ...

The scheme allows eligible taxpayers to disclose undisclosed foreign assets or income with immunity from prosecution. The key takeaway is certainty and closure for small, non-wilful ...

Agency banks must remain open on the public holiday to ensure all government receipts and payments are recorded within FY ...

The Tribunal held that disallowance of interest for non-deduction of TDS cannot be automatic when paid to an NBFC. The Assessing Officer must first verify whether the payee has offered the income to ...

Reserve Bank of India has issued draft guidelines to streamline loan resolution and relief measures for borrowers affected by natural calamities across banks, NBFCs, and financial institutions. The ...

A January 2026 notification revises the national list of FSSAI-recognised laboratories by adding new facilities and removing select entries. The update enhances biological and chemical testing ...

The Tribunal reiterated that procedural delays in uploading Form 10B should not defeat substantive tax exemptions available to charitable trusts. Denial of Section 11 relief merely due to late filing ...

DRAT Allahabad held that initiation of proceeding under SARFAESI Act for the same debt due after rejection of claim under Co-operative Societies Act is not justifiable. Accordingly, the present appeal ...

The dispute involved taxing unexplained increases in partners capital in the firms assessment. The Tribunal affirmed that such additions, if any, can only be examined in the hands of partners and not ...