CBDT grants Section 10(46) tax exemption to Credit Guarantee Fund Trust for Animal Husbandry and Dairying on specified income, effective AY 2025–26 to 2029–30.
The Karnataka High Court ruled that an assessee can claim Section 54 exemption for capital gains on more than one house purchased, citing legislative intent and judicial precedents.
The ITAT Cochin ruled that cash received as a final payment during a property registration is not a violation of Section 269SS, waiving the penalty.
The Calcutta High Court invalidates a penalty under Section 271(1)(c) because the show-cause notice failed to specify whether the charge was for concealing or furnishing inaccurate income particulars.
SEBI extends the deadline for investors to file claims against Karvy Stock Broking Ltd. until December 31, 2025, urging investors to file now.
Explore the key provisions of India’s Online Gaming Bill 2025, including the ban on real-money games and the promotion of e-sports, and its economic impact.
Read the full ITAT Indore order on an assessee’s appeal dismissed for a 3-year delay. The court examined reasons for the late filing and rejected the plea for condonation.
Learn about the unique accounting principles for NPOs and NGOs. Understand the focus on transparency, accountability, and compliance over profit generation.
Learn the core accounting principles for consignment and joint ventures. Understand the differences, key features, and accounting treatments for these business collaborations.
The ITAT Ranchi has ruled that an Assessing Officer cannot reopen an assessment based on “reason to suspect,” distinguishing it from “reason to believe.”
