The notification substitutes valuation tables under the Customs Act, reaffirming tariff values for edible oils, precious ...

The tribunal held that any adjustment while processing a return under Section 143(1) requires prior intimation to the ...

ITAT Cuttack held that reassessment proceedings fail when no addition is made on the very reasons recorded for reopening. If ...

Since the reassessment itself was quashed, the addition treating long-term capital gains as unexplained cash credit under ...

The case examined whether multiple agricultural properties were joint family assets or self-acquisitions. The Supreme Court upheld findings that ancestral income existed, shifting the burden to prove ...

This explains how Budget 2026 retrospectively clarifies that only the Jurisdictional Assessing Officer can issue reassessment notices. The key takeaway is that notice-stage litigation is largely ...

Explore how optimising working capital through January 2026 GSTR-3B updates transforms financial management and ...

This article explains the role and powers of the GST Council in shaping tax policy. It highlights how its decisions directly affect prices, compliance, and ...

This article explains the difference between percentage and percentile. The key takeaway is that percentage measures individual performance, while percentile shows ...

This covers major tax reforms introduced to simplify compliance and reduce litigation. The key takeaway is a shift toward trust-based and technology-driven ...

The issue was whether reassessment completed after a court stay complied with statutory timelines. The Tribunal held that limitation resumes from the date the stay is vacated, rendering the ...

The Court held that an assessee cannot be denied TDS credit or saddled with tax demand when tax has been deducted from salary but not deposited by the ...