The ITAT ruled that a trust’s tax exemption application cannot be rejected for selecting the wrong clause. The case was remanded for a decision on ...

The ITAT in Vir Savarkar Swimmers Club vs. ITO case ruled that even without a tax exemption, only a society's net income is taxable, not its gross ...

The ITAT in Ganesh Agro Steel Industries vs ACIT ruled that an appeal cannot be dismissed for non-prosecution without a speaking order on its ...

Learn about RBI guidelines on fixed deposit maturity dates that fall on a holiday. Discover why banks should pay interest for the holiday and what to do if they ...

New CIIRP aims to reform India's insolvency laws. Learn about proposed process, its goals, and the challenges it faces within India’s current legal ...

India's Equalisation Levy is phased out and replaced by the Significant Economic Presence (SEP) regime. This shifts the tax from a gross revenue basis to a net income ...

A guide for foreign companies on setting up a business in India. This summary covers choosing a business structure, key registrations, and compliance with RBI and FEMA ...

Over 140 executives at Eternal, parent of Zomato & Blinkit, exercised ESOPs worth ₹419 crore in two days. ITAT explains how employee stock options fuel wealth creation, align incentives, and shape ...

The ITAT has set aside a tax order, directing the CIT(A) to properly adjudicate all legal grounds raised by a taxpayer instead of remanding the case without a ...

Explore how the Supreme Court resolves the 'One Taxpayer, One Jurisdiction SC Decodes GST's Cross-Empowerment Puzzle' ...

Understand how to save capital gains tax on Joint Development Agreements (JDAs) using Sections 54 and 54F. Learn key differences and tax implications for ...

Understand what "Income from Other Sources" is and how it's taxed. Learn about common income types, deductions, and why reporting is essential for tax ...