TN Budget 2025: Big Boost for MSMEs, Tax Cuts for Women & Rs. 2.5 Lakh Crore Loan Support!
Tamil Nadu’s Budget 2025-26, presented by Finance Minister Thangam Thenarasu on March 14, 2025, focuses on economic growth, tax reforms, and...
![Proceedings u/s 129 of GST Act are Summary Proceedings: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Allahabad-High-court-section-129-of-GST-Act-GST-Act-GST-Legal-Updates-TAXSCAN.jpg "Proceedings u/s 129 of GST Act are Summary Proceedings: Allahabad HC [Read Order]")
![Taxpayer Responsible to Prove Lands Agricultural Status to Claim Capital Gains Tax Exemption: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Taxpayer-Responsible-Lands-Agricultural-Status-Agricultural-Status-Capital-Gains-Tax-Exemption-Kerala-HC-taxscan.jpg "Taxpayer Responsible to Prove Lands Agricultural Status to Claim Capital Gains Tax Exemption: Kerala HC [Read Order]")
![FMV of Shares Determined by Statutorily Prescribed Methods cannot be Rejected without Recording Contrary Evidence: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Fair-Market-Value-Contrary-Evidence-FMV-of-Shares-Determined-taxscan.jpg "FMV of Shares Determined by Statutorily Prescribed Methods cannot be Rejected without Recording Contrary Evidence: Karnataka HC [Read Order]")
GSTN issues Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of U.P.
Goods and Services Tax Network (GSTN) has recently undertaken a significant move to streamline the GST registration processes, introducing a new verification mechanism for applicants from Uttar...
Calcutta HC stays Customs SCN against Hinduja Global: Prima Facie Finds No Jurisdiction Without SEIS Scrip Cancellation [Read Order]
In a recent ruling, the Calcutta High Court granted an interim stay on a show-cause notice (SCN) issued by the Principal Commissioner of Customs (Port) against Hinduja Global Solutions Limited. The...
![Calcutta HC stays Customs SCN against Hinduja Global: Prima Facie Finds No Jurisdiction Without SEIS Scrip Cancellation [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Calcutta-High-Court.jpg "Calcutta HC stays Customs SCN against Hinduja Global: Prima Facie Finds No Jurisdiction Without SEIS Scrip Cancellation [Read Order]")
Income Tax Proceedings against Deceased Person Invalid, must be Initiated against Legal Heirs u/s 159: Bombay HC [Read Order]
In a recent ruling, the Bombay High Court held that tax proceedings initiated in the name of a deceased person are invalid and must be directed against legal heirs under Section 159 of the Income Tax...
![Income Tax Proceedings against Deceased Person Invalid, must be Initiated against Legal Heirs u/s 159: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Income-Tax-Income-Tax-Proceedings-Income-Tax-Proceedings-against-Deceased-Person-Deceased-Person-Invalid-Deceased-Person-taxscan.jpg "Income Tax Proceedings against Deceased Person Invalid, must be Initiated against Legal Heirs u/s 159: Bombay HC [Read Order]")
ITAT rules Section 115JB Inapplicable to SBI for AY 2006-07, Exempts Banks from MAT Provisions [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT), provided relief to the State Bank of India (SBI) in an appeal concerning the applicability of Minimum Alternate Tax (MAT) provisions...
![ITAT rules Section 115JB Inapplicable to SBI for AY 2006-07, Exempts Banks from MAT Provisions [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-ITAT-Mumbai-Section-115JB-of-Income-Tax-Act-Income-Tax-Act-TAXSCAN.jpg "ITAT rules Section 115JB Inapplicable to SBI for AY 2006-07, Exempts Banks from MAT Provisions [Read Order]")
![GST Portal Notice Insufficient, Assessee gets relief from Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/GST-Portal.jpg "GST Portal Notice Insufficient, Assessee gets relief from Madras HC [Read Order]")
ITAT rules Pre-Possession Fit-Out Expenses as Cost of Improvement for Capital Gains Calculations [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that pre-ownership fit-out expenses incurred for making a bare-shell flat habitable qualifies to be a cost of improvement for...
![ITAT rules Pre-Possession Fit-Out Expenses as Cost of Improvement for Capital Gains Calculations [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-Pre-Possession-Fit-Out-Expenses-Capital-Gains-Pre-Possession-Fit-Out-Expenses-itat-mumbai-taxscan.jpg "ITAT rules Pre-Possession Fit-Out Expenses as Cost of Improvement for Capital Gains Calculations [Read Order]")