The issue was whether cash found at a third party’s premises could be added in the assessee’s 153A assessment. The Tribunal held such additions invalid, ruling that proceedings must be initiated under ...

The exchange extended the single filing system to cover financial results under Regulation 33 from January 3, 2026. Listed ...

The issue was reopening beyond four years after a completed scrutiny assessment. The Tribunal held the reassessment invalid as there was no finding of failure to disclose material facts, a mandatory ...

The government has extended the existing anti-dumping duty on specified polymer imports. The levy will continue during the ongoing sunset review to avoid a duty ...

The government has classified key customs and GST platforms as protected systems under Section 70 of the IT Act. This move enhances cybersecurity safeguards and legally restricts access to authorised ...

The government has extended the existing MEP on Natural Honey exports. Exporters must maintain a minimum FOB price of USD 1400 per metric ton until 31 March ...

The Government removed restrictive conditions on low ash metallurgical coke imports. The change allows free import across key HS codes, easing raw material access for ...

The GST Portal now enables electronic filing of opt-in declarations for declaring hotel premises as “specified premises.” The key takeaway is mandatory online filing with defined timelines for FY ...

The High Court held that Fringe Benefit Tax and Section 14A disallowance cannot be added while computing MAT under Section 115JB. The ruling confirms that only adjustments expressly permitted by law ...

The Tribunal remanded the case because the Commissioner (Appeals) decided a Section 248 appeal without hearing the Assessing Officer. The ruling highlights that statutory hearing requirements under ...

The amendment allows select infrastructure loans to be treated as high-quality exposures if strict operational, contractual, and security conditions are met. The key takeaway is enhanced lender ...

The High Court rejected the challenge to reassessment notices issued by the Jurisdictional Assessing Officer. It held that the issue was already settled against the ...