ITAT Raipur held that addition of commission @1% on bogus sales transacted upheld as no plausible explanation provided by the ...

The Supreme Court dismissed an SLP, affirming the Delhi HC's decision that an Electronic Credit Ledger (ECL) with a negative ...

Learn how strategic income tax filing and claiming key deductions in 2025 can help you save more. Discover essential ...

In this step-by-step guide, we explain how you can use TaxBuddy’s DIY platform to file your income tax filing for FY 2024–25 (AY 2025–26), with special attention to the needs and benefits available to ...

ITAT Delhi held that addition under section 68 of the Income Tax Act cannot be sustained as assessee has proved the source of funds for purchase of land made in earlier assessment year. Accordingly, ...

The Tribunal therefore, has rightly affirmed the conclusion arrived at by CIT(Appeals) in deleting the tax demand relatable to difference between 20% and the actual tax rate on which tax was deducted ...

Held that merely because of non-participation of the assessment proceedings, the valuable right of the petitioner would not be deprived of to prosecute a case under Section 264. Accordingly, orders ...

Kerala High Court held that import of decalcified fish scale is eligible for the benefit of advance authorization scheme. Thus, benefit of advance authorization cannot be denied by the ...

Gauhati High Court held that order cancelling GST registration without providing reasons for cancellation of the same is a non-speaking order. Accordingly, order is liable to be set aside and ...

India mandates Common Contract Note with Single VWAP from June 27, 2025, simplifying post-trade reporting and reducing compliance burden for market ...

CESTAT Chennai held that royalty payment not connected with the condition of sale is not includible in the assessable value. Hence, invocation of rule 10(1)(c) of the Customs Valuation Rules, 2007 not ...

Ministry of Finance announces amendment to Section 48 of the Income-tax Act, 1961, introducing a new cost inflation index effective from Assessment Year ...