MP High Court rules WhatsApp chats, even if obtained without consent, are admissible as evidence in matrimonial disputes under Family Court Act, 1984.
Learn about TDS on commission and brokerage under Section 194H, including rates, thresholds, and liability. Key updates for FY 2025-26 and PAN implications.
Customs modifies import policy for Palladium, Rhodium, and Iridium. Alloys with over 1% gold are now restricted, effective immediately.
CBIC extends ICETAB digital system to export examinations from June 19, 2025, aiming for paperless, efficient, and transparent cargo clearance.
RBI released updated Project Finance Directions 2025, effective Oct 1, 2025, harmonizing norms for Regulated Entities, focusing on stress resolution and DCCO changes.
Supreme Court clarifies powers for tax searches under Sec 132. It’s an administrative act; courts won’t weigh sufficiency of reasons, only check for bad faith.
Supreme Court rules 2015 amendment to Income Tax Act’s Section 153C, broadening third-party assessment, is not retrospective; applies only to searches after June 1, 2015.
The Supreme Court clarifies that the six-year tax assessment period for third parties, whose documents are seized, starts from the date their AO receives materials, not the original search date.
ITAT Mumbai rules in favor of JM Financial Properties, upholding interest expense deductions for AY 2013-14 and 2014-15. The tribunal affirmed the commercial expediency of an interest-free security deposit for business purposes.
ITAT Nagpur voids reassessment against Rupesh Dhakate, citing lack of jurisdiction as alleged escaped income fell below the Rs. 50 lakh threshold.
