Flat Registration for Mortgage Alone Does Not Trigger Section 56(2)(x)
The ITAT found that mortgages do not automatically invoke taxation under Section 56(2)(x) if solely for registration purposes.
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The ITAT found that mortgages do not automatically invoke taxation under Section 56(2)(x) if solely for registration purposes.
The ITAT ruled that an old Section 12A certificate loss does not justify denial of Section 12AB registration.
Approval granted to the University of Hyderabad for scientific research tax benefits for 2026-27 to 2030-31.
The Central Board of Direct Taxes (CBDT) has approved recognition for public health research for tax benefits from 2026-27 to 2030-31.
This informative piece outlines the necessary steps for senior citizens to file Income Tax Returns (ITR), including exemptions and common pitfalls.
This article provides insights on who can apply for advance rulings, the related fees, and the transition from the AAR to the Board for Advance Rulings under the Income-tax Act.
The CESTAT Kolkata held that an actual user requirement in a DGFT Public Notice cannot apply to transferable DFIA imports. The ruling permits exemptions and the revalidation of expired DFIAs.

This article outlines common mistakes in generating E-Way Bills for exports and provides solutions to avoid them.

The Calcutta High Court has set aside the Principal Commissioner's rejection for condonation of a delay in filing Form 10-IC, instructing the petitioner to approach CBDT.
Taxpayers must file their GST Tribunal appeals against orders passed before April 1, 2026, by June 30, 2026. This article outlines important procedural steps and requirements.
The Madras High Court has denied condonation of a 15-day delay in an intra-court appeal, viewing it as an attempt to evade tax payments. However, it permits the assessee to seek statutory appellate remedies.

This article explains the taxation process of ESOPs and RSUs, highlighting the two stages of taxation when employees receive options and when they sell shares.