A consultation proposes mapping legacy authorized services to GST SAC codes to fix invoice mismatches and ambiguity. The key ...

ITAT Mumbai held that goodwill arising from slump sale of a going concern is a depreciable intangible asset under section ...

The issue was whether the appellate authority could bypass jurisdictional objections by remanding the case. The tribunal held ...

Whether outstanding purchase consideration can be treated as unexplained money. Addition quashed. Takeaway: Deferred payments later settled via banks with TDS cannot be taxed on ...

The tribunal has instructed registries not to flag defects of form that do not affect merits. This eases compliance during early portal ...

The dispute concerned the correct terminal point for computing six assessment years under section 153C. The Tribunal held that using the search date instead of the satisfaction date vitiated the ...

The traditional Halwa Ceremony marks the start of the confidential lock-in phase for Budget officials. It confirms that preparations for the Union Budget 2026–27 have entered their final ...

The Tribunal confirmed that licence fees for use of immovable property fall under house property income. It emphasized that once included in computation, the same amount cannot be added ...

Courts have held that once TDS is deducted from salary, the employee cannot be asked to pay tax again merely because the employer failed to deposit it. Recovery must be pursued only against the ...

The dispute arose from purchases made from vendors with weak tax profiles. The Tribunal held that vendor defaults do not justify section 69C when the assessee ...

The Tribunal held that revision under section 263 is invalid where the Assessing Officer has already conducted enquiries and taken a conscious view. Mere inadequacy of enquiry does not justify ...

The Assessing Officer accepted multiple loan transactions but treated only one as unexplained. The tribunal held that selective rejection without consistent reasoning was ...