The Ministry of Finance has notified August 1, 2025, as the date when the Chairman, Vice-Chairman, and Members of the Customs Settlement Commission will cease to hold office, as per the 2015 rules.
The ITAT ruled that unaccounted receipts from known business debtors can’t be taxed as unexplained money under Section 69A, granting relief to an assessee.
Starting April 1, 2025, businesses with multiple GST registrations must obtain a separate ISD registration to distribute common input service credits.
Learn about the ITAT Mumbai’s ruling in the P&G case, which found that reimbursement for ESOP and ISOP plans is a deductible business expense, not a capital or contingent expense.
Learn about the GST Composition Scheme for small taxpayers. This guide covers eligibility, tax rates, filing requirements, and key restrictions to help you comply.
CBDT exempts specified income of West Bengal Municipal Development Fund Trust from tax for FYs 2021–22 to 2025–26 under Section 10(46) of Income-tax Act.
The Central Board of Direct Taxes has notified income tax exemption for the All India Council for Technical Education (AICTE) on specific income sources.
The Central Government has exempted specific incomes of the Haryana State Pollution Control Board from income tax, effective from the 2024-25 financial year, subject to certain conditions.
Punjab & Haryana HC rules ITC cannot be blocked beyond 10% of tax demand at interim stage. Refers to K.J. International and divergent High Court views.
SC rules tax officer must pass reasoned order under Section 129(3) even after payment, ensuring appeal rights are preserved in GST detention cases.
