This guide explains the concept, calculation formula, and notified values of CII from 2001-02 to 2025-26, as per CBDT. A must-read for taxpayers and investors calculating capital gains.
The Delhi High Court quashed two identical GST assessment orders for the same period due to procedural errors, remanding the matter for fresh adjudication and taxpayer hearing.
This guide breaks down the complete taxation of salary income in India—covering allowances, perquisites, retirement benefits, and exemptions available to salaried taxpayers.
Hyderabad ITAT ruled that the Rs.153C notice against VPR Mining for AY 2018-19 was void ab initio. The court held that without incriminating material pertaining to the relevant year, an assessment based solely on external GST data, independent of the original search and seizure, is invalid.
ITAT Chennai restored a lakh addition made u/s 115BBC to a trust, granting one chance to furnish complete donor details (name, address, PAN, and mode of receipt).
Analysis of Indian income tax rates for AY 2025-26 & 2026-27. Covers the Old vs. Default 115BAC regimes, corporate tax concessions, Surcharge, HEC, and AMT/MAT rules.
ITAT Chennai rules that the Section 54 capital gains deduction cannot be denied solely because sale proceeds weren’t deposited in CGAS before the return deadline, provided the amount is used within three years.
NCLAT held that small disputed amounts below ₹1 crore do not justify Section 7 proceedings or penalties under Section 65 when debt is substantially repaid.
CESTAT Chennai rules Service Tax cannot be levied on the TDS amount paid by an Indian company on behalf of a foreign service provider, as TDS is not ‘consideration’ for the service.
CESTAT Allahabad quashes Service Tax demand against a contractor, ruling that reliance solely on unverified ITR and Form 26AS data is insufficient and invalidates the extended limitation period.
