Navasree A.M
Navasree A M, B.B.A., LL.B. (Hons), a lawyer with over 2.5 years of experience as a researcher and content writer at Taxscan, specializing in Indirect Taxes and Corporate Laws.
New ITR Forms Under Income-tax Act, 2025, CBDT Committee in wide Discussions: Know Release of New Forms
The Central Government has confirmed that new Income Tax Return ( ITR ) forms arising from the recently enacted Income-tax Act, 2025 are currently...
![ICC of Victim’s Department can Inquire against Accused Officer: SC in IAS Officer’s Sexual Harassment Complaint against IRS Officer [Read Judgement]](https://images.taxscan.in/h-upload/2025/12/12/250x150_2111592-icc-sc-victim-department-accused-officer-ias-officer-sexual-harassment-irs-officer-taxscan.webp "ICC of Victim’s Department can Inquire against Accused Officer: SC in IAS Officer’s Sexual Harassment Complaint against IRS Officer [Read Judgement]")
Derived From’ Means First-Degree Nexus: Supreme Court Rejects NCDC’s Claim for Deduction u/s 36(1)(viii) of Income tax [Read Judgement]
The Supreme Court has clarified the phrase ‘Derived from’ in Section 36(1)(viii) of the Income Tax Act, 1961. The bench noted that the it requires a direct, first-degree nexus with the business of...
![Derived From’ Means First-Degree Nexus: Supreme Court Rejects NCDC’s Claim for Deduction u/s 36(1)(viii) of Income tax [Read Judgement]](https://images.taxscan.in/h-upload/2025/12/11/500x300_2111472-derived-nexus-supreme-court-rejects-ncdcs-claim-deduction-us-361viii-of-income-tax-taxscan.webp "Derived From’ Means First-Degree Nexus: Supreme Court Rejects NCDC’s Claim for Deduction u/s 36(1)(viii) of Income tax [Read Judgement]")
Interest from Bank Deposit Does Not qualify for S. 36(1)(viii) Deduction: SC says it’s Not Income ‘Derived From’ Long-Term Finance [Read Judgement]
The Supreme Court has held that interest earned from short-term bank deposits cannot qualify for deduction under Section 36(1)(viii) of the Income Tax Act, 1961 as such interest is not income...
![Interest from Bank Deposit Does Not qualify for S. 36(1)(viii) Deduction: SC says it’s Not Income ‘Derived From’ Long-Term Finance [Read Judgement]](https://images.taxscan.in/h-upload/2025/12/11/500x300_2111469-interest-from-bank-deposit-qualify-s-361viii-deduction-sc-income-derived-long-term-finance-taxscan.webp "Interest from Bank Deposit Does Not qualify for S. 36(1)(viii) Deduction: SC says it’s Not Income ‘Derived From’ Long-Term Finance [Read Judgement]")
Income tax Deduction u/s 36(1)(viii) Limited to Profits ‘Derived From’ Long-Term Finance: Supreme Court says ‘No Deduction’ to Incidental or Ancillary income [Read Judgement]
The Supreme Court has ruled that the income-tax deduction under Section 36(1)(viii) of Income Tax Act, 1961 is available only on profits that are directly and strictly derived from the business of...
![Income tax Deduction u/s 36(1)(viii) Limited to Profits ‘Derived From’ Long-Term Finance: Supreme Court says ‘No Deduction’ to Incidental or Ancillary income [Read Judgement]](https://images.taxscan.in/h-upload/2025/12/11/500x300_2111464-income-tax-deduction-us-361viii-limited-profits-derived-from-long-term-finance-supreme-court-deduction-incidental-ancillary-income-taxscan.webp "Income tax Deduction u/s 36(1)(viii) Limited to Profits ‘Derived From’ Long-Term Finance: Supreme Court says ‘No Deduction’ to Incidental or Ancillary income [Read Judgement]")
Dividend is Return on Share Capital, Not Lending Activity: Supreme Court holds Dividend Income Not Eligible for S. 36(1)(viii) Deduction [Read Judgement]
In a recent reportable judgment, the Supreme Court clarified that dividend income does not qualify as “profits derived from the business of providing long-term finance” and is therefore not...
![Dividend is Return on Share Capital, Not Lending Activity: Supreme Court holds Dividend Income Not Eligible for S. 36(1)(viii) Deduction [Read Judgement]](https://images.taxscan.in/h-upload/2025/12/11/500x300_2111460-dividend-return-share-capital-lending-activity-supreme-court-dividend-income-s-361viii-deduction-taxscan.jfif "Dividend is Return on Share Capital, Not Lending Activity: Supreme Court holds Dividend Income Not Eligible for S. 36(1)(viii) Deduction [Read Judgement]")
Fake GST Invoice and E way Bill Issuance without Actual Supply: Chhattisgarh HC grants Bail to Accused [Read Order]
Ishak ShahThe Chhattisgarh High Court has granted regular bail to an accused who was arrested on allegations of creating bogus firms and issuing fake GST ( Goods and Services Tax ) invoices and...
![Fake GST Invoice and E way Bill Issuance without Actual Supply: Chhattisgarh HC grants Bail to Accused [Read Order]](https://images.taxscan.in/h-upload/2025/12/10/500x300_2111327-fake-gst-invoice-e-way-bill-issuance-without-actual-supply-chhattisgarh-hc-grants-bail-accused-taxscan.webp "Fake GST Invoice and E way Bill Issuance without Actual Supply: Chhattisgarh HC grants Bail to Accused [Read Order]")
AI Assistants Now Buy for Consumers: Centre says Agentic Shopping Emerges, Lists Steps to Protect Traders and MSMEs [Read Order]
The Union Government has acknowledged the rise of AI-driven “Agentic Shopping”, a system where intelligent digital assistants autonomously compare, select and purchase products on behalf of...
![AI Assistants Now Buy for Consumers: Centre says Agentic Shopping Emerges, Lists Steps to Protect Traders and MSMEs [Read Order]](https://images.taxscan.in/h-upload/2025/12/10/500x300_2111295-ai-assistants-agentic-shopping-taxscan.jfif "AI Assistants Now Buy for Consumers: Centre says Agentic Shopping Emerges, Lists Steps to Protect Traders and MSMEs [Read Order]")
UAE Tax Update: Country to Implement Key Tax Law Changes from 2026 - A Must Know for UAE Tax Consultants
The Ministry of Finance, United Arab Emirates ( UAE ), has issued two important legislative changes, Federal Decree ‑ Law 16 of 2025 and Federal Decree‑Law 17 of 2025, amending the existing VAT (...
