The Income Tax Department (ITD) is upgrading the existing PAN card systems in India through a new e-governance project called PAN 2.0. This initiative will improve the taxpayer experience by integrating all PAN-related services on a single portal.
Since reasons recorded by AO to form prima facie conclusion that there was likelihood of any gain on account of revenue expenses incurred by assessee was also without any basis in the absence of any fresh tangible material available with the respondent AO as the fact remained that assessee had unrealized gain and unrealized loss which was not claimed and duly reflected in the computation income as assessee had claimed only bank charges expenditure for hedging of foreign currency.
The Competition Commission of India seeks public feedback on the draft Cost of Production Regulations 2025, replacing the 2009 rules to align with evolving competition laws.
IBBI issues disciplinary order against Mr. Arumugam for lapses in insolvency cases. Key issues include failure in approvals, non-cooperation, and incomplete disclosures.
Article contains detailed compliance checklist for private limited companies, including annual, event-based, and specific statutory register requirements.
ITAT Bangalore sets aside CIT(A) order in Section 54 exemption case due to lack of documents. The case is remanded for fresh review.
Kerala SGST outlines guidelines under Section 161 for rectifying apparent errors in orders, notices, and decisions, ensuring uniform implementation.
Explore the Finance Bill 2025 highlights, including revised tax rates, TDS/TCS amendments, ULIP taxation, and updated rules for salary, house property, and tax returns.
Punjab & Haryana HC disposes of petitions challenging GST Sec 174(2), awaiting SC verdict in T.S. Belaraman case. Interim relief continues until final decision.
ITAT Pune restores Mauli Nagari’s tax case to CIT(A)-NFAC due to non-compliance issues. Read about penalties, unexplained cash deposits & reassessment.
