Summary of notifications and circulars from August 18-24, 2025, covering new income tax rules for employee perquisites, GST updates, and SEBI consultations on block deals.
ITAT condoned delay due to illness and ruled that Abdul Hamid Nachar’s appeals, earlier dismissed for non-filing, must be admitted and re-examined.
ITAT Rajkot quashes a Section 263 order, ruling that the PCIT cannot revise an assessment based on a mere change of opinion when the AO has verified purchases.
The ITAT Ranchi quashed a reassessment against SGS Real Estates Pvt. Ltd., ruling the approval for reopening the case was invalid due to procedural defects and a lack of conscious application of mind by the PCIT.
Lalithaa Jewellery Mart Ltd. Vs DCIT (ITAT Chennai) Mere Loose Notings Without Corroboration Cannot Justify Unaccounted Income- ITAT Chennai Deletes Additions on “MD Sheet” Chennai ITAT delivered a consolidated order in six appeals filed by a leading South Indian jewellery retailer with nearly sixty showrooms, against assessments framed for AYs 2016-17 to 2021-22. The assessments […]
Explore the upcoming GST 2.0 reforms in India, including a two-rate system, automation, and a new tribunal to simplify taxes and resolve disputes.
A comprehensive summary of the Production-Linked Incentive (PLI) and Make in India (MII) initiatives, covering their objectives, key sectors, and impact on boosting domestic manufacturing.
Compare the rules for managerial remuneration in public and private companies under the Companies Act, 2013. Learn about legal caps, disclosures, and penalties.
A summary of India’s GST laws on e-commerce, focusing on the legal framework, the challenges of compliance for businesses, and judicial trends in this evolving sector.
The 56th GST Council meeting is set for September 2025. The agenda includes rationalizing tax slabs, simplifying compliance, and addressing inverted duty structures.
