News

Kerala High Court held that interest is admissible to the taxpayer in case of refund under Direct Tax Vivad Se Vishwas Act, 2020. Accordingly, writ appeal of the revenue fails and the same is ...
The ITAT Lucknow tribunal rules that an accommodation entry provider can only be taxed on its commission income, not the ...
ITAT Delhi held that addition towards accommodation entry and bogus capital gain exemption upheld since the shares were purchased in off market mode. Accordingly, appeal of revenue ...
Anticipatory bail was denied to the accused involved in Rs. 425 crore GST fake billing case as there was necessity of custodial interrogation to unearth the full extent of the fraudulent network and ...
Punjab and Haryana High Court held that freezing of bank account by Enforcement Directorate [ED] without following procedure prescribed under section 17(1-A) of the Prevention of Money Laundering Act ...
Delhi High Court held that consideration for the resale/use of computer software through EULAs/distribution agreement is not Royalty for the use of copyright of the computer software and hence doesn’t ...
CBDT notifies new perquisite rules under Section 17(2); salary limit ₹4 lakh and gross total income limit ₹8 lakh for claiming ...
The Ministry of Finance has extended the anti-dumping duty on Toluene Di-isocyanate (TDI) imports from the EU and Saudi Arabia until March 1, ...
1. Short title and commencement. – (1) These rules may be called the Companies (Indian Accounting Standards) Second Amendment Rules, 2025. (2) They shall come into force on the date of their ...
CBDT has granted income tax exemption to Tamil Nadu Electricity Regulatory Commission for specific income types, effective from FY ...
The Ministry of Finance has temporarily exempted cotton imports from customs duty and AIDC. The exemption, effective from August 19 to September 30, 2025, is aimed at public ...
The CBIC Chairman's August 2025 newsletter discusses upcoming GST reforms, the board's top ranking in grievance redressal, and a recent tax evasion case involving subsidized ...