India and the Eurasian Economic Union have signed a Terms of Reference to begin negotiations on a Free Trade Agreement, ...

A guide to LLP ROC filing for 2025 in India. Learn about key forms, deadlines (May 30, Oct 30), fees, and penalties to ensure ...

Between August 11th and 17th, 2025, various Indian regulatory bodies issued key updates. The Income Tax Department notified tax exemptions for the Parambikulam Tiger Conservation Foundation and ...

ITAT Mumbai deletes 100% bogus purchase addition on diamonds, ruling that only the profit element is taxable as the assessee had already offered presumptive ...

ITAT rules that a company's share premium received from a publicly listed parent company is not taxable under Section 56(2)(viib) and cannot be taxed as ...

The Chandigarh ITAT has dismissed a trust's appeal for 80G approval, ruling that its hospital operates commercially and has no verifiable charitable ...

The ITAT Lucknow tribunal rules that an accommodation entry provider can only be taxed on its commission income, not the ...

ITAT Chandigarh deletes a Section 68 addition on share capital, ruling that a listed company is not required to prove a source of source for ...

Chart-based guide to Income Tax Act 1961 for AY 2025-26, updated with Finance Act 2024 amendments. Covers tax rates, deductions, TDS, ITR changes and ...

No Profit Element on Bogus Purchases Where Goods Are Returned – Once Purchases Are Returned, No Scope for 12.5% Bogus Addition In the case of assessee, engaged in trading of electronic items, faced ...

NCLAT Delhi held that application under section 7 of the Insolvency and Bankruptcy Code [IBC] is duly admissible since default occurred subsequent to section 10A period. Accordingly, order upheld and ...

A waiver of the Show Cause Notice could not be done on the basis of a pre filled form and the same being used as a basis for not issuing a Show Cause Notice or not affording a personal hearing, was ...