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![Delhi HC nullifies ₹31 Lakh Income Tax Addition on Interest from FD Funds reserved for Coal-Mine Purchase [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Delhi-High-Court-Income-Tax-Coal-Mine-Taxscan.jpg "Delhi HC nullifies ₹31 Lakh Income Tax Addition on Interest from FD Funds reserved for Coal-Mine Purchase [Read Order]")
Delhi HC nullifies ₹31 Lakh Income Tax Addition on Interest from FD Funds reserved for Coal-Mine Purchase [Read Order]
The Delhi High Court recently cancelled an income tax addition of ₹31 Lakh based on the accrual of interest from surplus funds parked in fixed...
![ITAT Grants Exemption u/s 10(10B) for VRS Compensation Citing Central Government-Approved Scheme Benefiting Employees [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Chandigarh-Income-tax-income-tax-news-ITAT-Grants-Exemption-Taxscan.jpg "ITAT Grants Exemption u/s 10(10B) for VRS Compensation Citing Central Government-Approved Scheme Benefiting Employees [Read Order]")
AO Correctly allows Deduction u/s 80IA even Depreciation claimed less than limit: ITAT quashes PCIT's Revision Order [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) quashed the order of the Principal Commissioner of Income Tax, stating that the Assessing Officer (AO) correctly allowed deduction under...
![AO Correctly allows Deduction u/s 80IA even Depreciation claimed less than limit: ITAT quashes PCITs Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Deduction.jpg "AO Correctly allows Deduction u/s 80IA even Depreciation claimed less than limit: ITAT quashes PCITs Revision Order [Read Order]")
CBIC Reduces GST on Fortified Rice Kernel to 5% and Updates Definition of Pre-packaged and Labelled [Read Notification]
The Ministry of Finance issued Notification No. 01/2025 dated January 16, 2025, announcing reducing GST on Fortified Rice and Revising Packaged Goods Rules. These amendments based on recommendations...
![CBIC Reduces GST on Fortified Rice Kernel to 5% and Updates Definition of Pre-packaged and Labelled [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/01/Fortified-Rice-Kernel-gst.jpg "CBIC Reduces GST on Fortified Rice Kernel to 5% and Updates Definition of Pre-packaged and Labelled [Read Notification]")
CBIC Grants GST Exemption for Motor Vehicle Accident Fund Insurance and NSDC Training Partners [Read Notification]
The Ministry of Finance, via Notification No. 06/2025 dated January 16, 2025, introduced huge amendments to the Goods and Services Tax ( GST ) structure, effective April 1, 2025. These changes were...
![CBIC Grants GST Exemption for Motor Vehicle Accident Fund Insurance and NSDC Training Partners [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/01/CBIC-GST-Exemption-Motor-Vehicle-Accident-Vehicle-Accident-Accident-Fund-Insurance-NSDC-Training-Partners-taxscan.jpg "CBIC Grants GST Exemption for Motor Vehicle Accident Fund Insurance and NSDC Training Partners [Read Notification]")