Income Tax Departmenttax
Hidden Costs of Missing the ITR Deadline
Taxpayers must be aware of the pitfalls of missing the ITR deadline, which can result in penalties, delays in refunds, and loss of tax benefits.
Jul 4, 2026Read more →
Court News
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
Income Tax Appellate Tribunaltax
'Legal Heir' vs 'Legal Representative': ITAT Clarifies Relationship
The ITAT has ruled that a 'Legal Heir' is not synonymous with a 'Legal Representative' in its assessment order, emphasizing the need for clarity on heir status in estate matters.
Jul 4, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Remands Co-op Bank for Verification of Bad Debt Provision
The ITAT has remanded a case to the Assessing Officer to verify rural branch advances pertinent to bad debt provisions under Section 36(1)(viia), asserting the necessity of accurate data verification.
Jul 4, 2026Read more →
N/Ataxcorporate
The Role of Passport and Citizenship in International Taxation
The article highlights the significance of accurate passport records in establishing residency for global tax compliance.
Jul 3, 2026Read more →
Madras High Courttaxcorporate
Madras HC Grants Time for Job Work Goods Return Reply
The Madras High Court has granted 30 days for a reply under Section 74 regarding the return of goods sent for job work, stressing limited exemptions for genuine errors.
Jul 3, 2026Read more →
N/Ataxcorporate
Ravi Agarwal Reappointed as CBDT Chairman for Next 6 Months
Ravi Agarwal is reappointed as the Chairman of the CBDT for another six months, continuing his leadership amid the implementation of the new Income Tax Act, 2025.
Jul 2, 2026Read more →
N/Acorporatetax
Govt Extends Full Customs Duty Exemption on Critical Petrochemical Products till 15 July
The Indian government has extended the full customs duty exemption on critical petrochemical products until July 15. This exemption was initially introduced in April due to geopolitical tensions in the West Asian region.
Jul 2, 2026Read more →
Madras High Courttaxconstitutional
Madras HC Allows Appeal Without Limitation as GST on Royalty Awaits SC Decision
The Madras High Court permitted a delayed appeal regarding the GST on royalty issue, considering the matter is pending decision from the Supreme Court.
Jul 2, 2026Read more →
GSTNtax
GSTN Advisory on Revision of Timeline for Amendment of AATO, 2026
The GSTN announced a revised timeline for the amendment of Aggregate Annual Turnover (AATO) for FY 2025-26 due to system upgrades. The amendment window is from July 1-31, 2026.
Jul 2, 2026Read more →
Chhattisgarh High Courtcriminaltax
₹7.59 Crore Fake ITC Case: Bail Granted as Proprietorship Stood in Another Person’s Name
Chhattisgarh High Court granted bail in a ₹7.59 crore fake ITC case due to lack of evidence linking the applicant to the firm. The court left other issues of involvement for trial.
Jul 2, 2026Read more →
Not Applicablecorporatetax
What Expanded SNRR Framework Really Changes for Startups with Foreign Investment
The RBI's Sixth Amendment clarifies the SNRR account usage for startups without altering FDI legal classifications. This modification broadens online access while safeguarding existing definitions.
Jun 30, 2026Read more →
Not Applicablecorporatetax
17 Common Reporting Errors In Flair Portal Filing
This article identifies frequent mistakes in the RBI's FLA Return filing, emphasizing the need for accurate reporting to avoid regulatory scrutiny.
Jun 30, 2026Read more →