Gopika V
Budget 2026-27: FM Sitharaman Sets 22% Tax for Corporate Promoters, 30% for Non‑Corporate Buyback
The Union Budget for the Financial Year 2026-27 was presented by Finance Minister Nirmala Sitharaman in the Lok Sabha today (Sunday, 1 February...
![Union Budget 2026-27: Government Launches Biopharma Shakti with ₹10,000 Cr Outlay over 5 years to Position India as a Global Bio‑Pharma Hub [Read Finance Bill 2026]](https://images.taxscan.in/h-upload/2026/02/01/250x150_2122862-union-budget-2026-27-government-launches-biopharma-shakti-india-global-bio-pharma-hub-taxscan.webp "Union Budget 2026-27: Government Launches Biopharma Shakti with ₹10,000 Cr Outlay over 5 years to Position India as a Global Bio‑Pharma Hub [Read Finance Bill 2026]")
![Balaji & Maruti Transactions Genuine: ITAT Rejects ₹5.49 Cr Accommodation Entry Allegation [Read Order]](https://images.taxscan.in/h-upload/2026/01/31/250x150_2122757-alaji-maruti-transactions-genuine-itat-rejects-549-cr-accommodation-entry-allegation.webp "Balaji & Maruti Transactions Genuine: ITAT Rejects ₹5.49 Cr Accommodation Entry Allegation [Read Order]")
![Reassessment Beyond 3 Years Invalid When Actual Cash Deposits Below ₹50 Lakh: ITAT Quashes Time-Barred Reassessment [Read Order]](https://images.taxscan.in/h-upload/2026/01/31/250x150_2122722-reassessment-invalid-actual-cash-deposits-below-itat-quashes-time-barred-reassessment-taxscan.webp "Reassessment Beyond 3 Years Invalid When Actual Cash Deposits Below ₹50 Lakh: ITAT Quashes Time-Barred Reassessment [Read Order]")
AO Fails to Properly Enquire Year-End Provisions, TDS on Dealer Discounts: ITAT upholds Revision Order in Bajaj Auto Matter [Read Order]
In a recent ruling IncomeTax Appellate Tribunal (ITAT) upheld a revision order under Section 263 of theIncome Tax Act, 1961, in the case of Bajaj Auto Ltd., holding that the Assessing Officer had...
![AO Fails to Properly Enquire Year-End Provisions, TDS on Dealer Discounts: ITAT upholds Revision Order in Bajaj Auto Matter [Read Order]](https://images.taxscan.in/h-upload/2026/01/31/500x300_2122708-ao-fails-properly-enquire-year-end-provisions-tds-dealer-discounts-itat-upholds-revision-order-bajaj-auto-matter-taxscan.webp "AO Fails to Properly Enquire Year-End Provisions, TDS on Dealer Discounts: ITAT upholds Revision Order in Bajaj Auto Matter [Read Order]")
Jewellery Sale Found Genuine: ITAT Deletes ₹1.45 Cr Demonetisation Cash Addition u/s 68 [Read Order]
In a recent ruling, the Delhi bench of the Income Tax Appellate Tribunal held that cash deposits made during the demonetisation period represented genuine jewellery sales and could not be treated...
![Jewellery Sale Found Genuine: ITAT Deletes ₹1.45 Cr Demonetisation Cash Addition u/s 68 [Read Order]](https://images.taxscan.in/h-upload/2026/01/30/500x300_2122592-jewellery-sale-found-genuine-taxscan.webp "Jewellery Sale Found Genuine: ITAT Deletes ₹1.45 Cr Demonetisation Cash Addition u/s 68 [Read Order]")
GST Registration Found Not Credible, Fails to File Returns: Madras HC Refuses to Condone 418-Day Delay in Appeal [Read Order]
In a recent ruling, the Madras High Court has declined to condone a 418-day delay in filing a writ appeal against a GST assessment order. The court observed that the taxpayers' GST registration...
![GST Registration Found Not Credible, Fails to File Returns: Madras HC Refuses to Condone 418-Day Delay in Appeal [Read Order]](https://images.taxscan.in/h-upload/2026/01/30/500x300_2122557-gst-registration-found-not-credible-fails-to-file-returns-madras-hc-refuses-to-condone-418-day-delay-in-appeal-taxscan.webp "GST Registration Found Not Credible, Fails to File Returns: Madras HC Refuses to Condone 418-Day Delay in Appeal [Read Order]")
Income Tax Reassessment Jurisdiction Fails Without Fresh Material: SC Upholds Gujarat HC in GTPL Hathway Case [Read Order]
In a recent ruling SC upheld that the Gujarat HC orders quashing the reopening of assessment against GTPL Hathway Ltd for the assessment year 2017-18, holding that reassessment initiated without any...
![Income Tax Reassessment Jurisdiction Fails Without Fresh Material: SC Upholds Gujarat HC in GTPL Hathway Case [Read Order]](https://images.taxscan.in/h-upload/2026/01/29/500x300_2122430-income-tax-reassessment-jurisdiction-fails-fresh-material-sc-upholds-gujarat-hc.webp "Income Tax Reassessment Jurisdiction Fails Without Fresh Material: SC Upholds Gujarat HC in GTPL Hathway Case [Read Order]")
![HSNS Cess Rollout: CBIC Issues Advisory on Registration and Payment Procedures [Read Circular]](https://images.taxscan.in/h-upload/2026/01/29/500x300_2122434-hsns-cess-rollout-cbic-issues-advisory-registration-payment-procedures-taxscan.webp "HSNS Cess Rollout: CBIC Issues Advisory on Registration and Payment Procedures [Read Circular]")