Discover 7 common loan settlement myths Indians still believe and the facts behind each. Learn about RBI rules, CIBIL impact, OTS, legal risks, and smarter debt resolution.
Income-tax Act, 2025 reorganises Chapter VI-A deductions into Chapter VIII from 1 April 2026 while largely retaining existing benefits and eligibility.
Bombay HC held that a 21-year-old woman cannot be compelled to return home or marry against her wishes, treating residence, marriage and education as Article 21 choices.
The Supreme Court held excise duty paid by buyers formed part of turnover, discussed colourable devices, and distinguished legitimate tax planning.
Explains the shift in buy-back taxation from companies to shareholders from 1 October 2024, including Sections 2(22), 46A, 57 and 115QA.
Bombay HC quashed Section 148 notices, holding that search-based material required proceedings under Sections 153A/153C, not Section 147.
Karnataka HC held Section 147 reopening invalid where seized material from a third-party search required proceedings under Section 153C and deleted Section 69B addition.
SC dismissed the SLP, leaving intact the HC ruling that Section 147 reopening was invalid where Section 153C procedure applied.
ITAT Kolkata upheld quashing of Section 148 reassessment, holding reopening on stale search material amounted to change of opinion and lacked jurisdiction.
Kolkata ITAT upheld annulment of Section 147 reassessment based on third-party search material, holding Section 153C was the applicable special provision.
