The issue covers taxation and computation of house property income under the new law. The key takeaway is clarity on annual value, deductions, and exemptions.
The issue was classification of services as intermediary leading to denial of export benefits. Courts held that services provided on own account are not intermediary, ensuring export eligibility.
The issue was whether multiple medical bills constituted a single transaction under Section 269ST. The Tribunal held that separately billed services are independent transactions, so penalty was not justified.
The reform moves taxation from companies to shareholders, aligning buybacks with dividend taxation. This reduces tax arbitrage but increases investor tax liability.
The eligibility period for startup tax exemption has been extended to March 31, 2030. Startups must meet DPIIT and compliance conditions to claim benefits.
GST applies on TDR, construction, and sale of units under JDAs. Tax is payable mainly on unsold units at completion, ensuring no double taxation.
The new law restructures TDS provisions with new section numbers and codes. Businesses must update systems despite no change in rates or thresholds.
The case examined whether the accused could disprove liability under Section 138. The court upheld conviction as the presumption remained unrebutted and evidence supported the complainant’s claim.
The government replaced the six-decade-old law with the Income-tax Act, 2025. The reform aims to simplify compliance through clearer language and structure.
The Court examined whether termination of Assistant Advocates was carried out lawfully. It held that disengagement without following proper procedure and terms is arbitrary. The ruling reinstated the advocates and mandated fair guidelines.
