Madras High Court held that reopening of assessment u/s. 148 of the Income Tax Act based on the judgement of Hon’ble Supreme Court judgement is tenable as Supreme Court has not given direction to reopen completed assessment.
ITAT Nagpur held that cultivation of mushroom falls within the purview of agriculture and hence income from sale of mushroom is agricultural income which is eligible for exemption under section 10(1) of the Income Tax Act.
Delhi High Court held that retrospective cancellation of GST registration without assigning reason in SCN and in final order is unjustifiable. Accordingly, writ allowed and order cancelling registration quashed.
Delhi High Court held that section 67(7) of the CGST Act mandates that notice of extension of the seizure is required to be issued to the assessee prior to conclusion of the six-month period. Thus, seized goods are directed to be released.
Madras High Court directed to expeditiously dispose of the appeal filed before Appellate Authority and also held that stay granted shall continue to operate till the disposal of pending appeal.
Maharashtra GST Dept cancels GST registrations of non-genuine taxpayers as of Feb 2025; details include GSTNs, trade names, and cancellation info.
Discover key highlights of India’s Income Tax Bill 2025, effective April 2026, featuring simplified tax structures, revised slabs, and compliance changes for businesses and NRIs.
Ensure compliance with GST for March 2025. Includes reconciliations, ITC claims, LUT filing, e-invoicing requirements, and key deadlines for businesses.
Introduction Tax Deducted at Source (TDS) is a crucial mechanism for collecting taxes at the point of income generation. The Indian government frequently revises TDS provisions to streamline tax collection, increase compliance, and reduce the tax burden on individuals and businesses. This article highlights the latest updates in TDS for 2025, including revised threshold limits, […]
Supreme Court clarifies the applicability of TOLA to reassessment notices under the Income Tax Act, addressing the interplay with Finance Act, 2021.
