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India’s Net Direct Tax Collections Up 7% to ₹12.92 Lakh Crore

Kavi Priya

India’s net direct tax collections have gone up by 7% to Rs. 12.92 lakh crore till November 10, 2025, compared to Rs. 12.07 lakh crore collected...

Income Tax Reassessment Notice u/s 148 against Dead Person is Null and Void: ITAT [Read Order]

Central Govt exempts Four Government Entities from Income Tax Purview u/s 10(46)

S.263 of Income Tax Act Can Be Invoked Only in Cases of ‘Lack of Inquiry,’ Not Merely for Inadequate...

Centre Grants Income Tax Exemptions to Credit Guarantee Fund Trust for Animal Husbandry and...

Delhi HC Quashes Notice u/s 148 of Income Tax Act for Improper Service on Foreign Entity [Read Order]

The High Court of Delhi, quashed the reassessment notice issued under Section 148 of the Income Tax Act,1961 against the petitioner, a Singapore-based entity, due to improper service. St...

Select Committee to Examine Income Tax Bill 2025 Soon: ICAI, EY, FICCI and CII Members to Attend

The Lok Sabha Secretariat has issued a notice regarding the sittings of the Select Committee of Lok Sabha to examine the Income Tax Bill, 2025. The crucial discussions on the upcoming Income Tax Law...

B. com, CA Inter Vacancy in EY

The EY Invited applications for the post of Associate - Operations - Operations - CBS - FIN - Controlling-General Accounting. Qualifications B. Com / ICWA (Inter) / CA (Inter) with 2-4...

EY jobs - CA jobs - CA inter - Bcom jobs - Taxscan - Jobscan

Disallowance of Bogus LTCG is Invalid in Absence of Incriminating Material: ITAT [Read Order]

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that disallowance considering the allegation of Bogus Long Term Capital Gain (LTCG) is not valid in the absence of...

Delhi HC Set Aside Income Tax Transfer Orders Passed for Mere Administrative Convenience & Coordinated Investigation: Mandates Speaking Order with Proper Reasons & DIN [Read Order]

The High Court of Delhi has set aside two transfer orders passed under Section 127(2) of the Income Tax Act, 1961, emphasising the importance of issuing speaking orders with proper reasons and...

Prior Period Income from Sale of Property chargeable to Income Tax in the year of Sale: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi bench, while directing the matter of the assessee for readjudication, held that prior period income from the sale of property shall be chargeable to...

Challenge on Nature of Interest Income Earned by Bangalore Metro Rail Corporation: Supreme Court Issues Notice [Read Order]

The Supreme Court of India, in the case of the challenge of the nature of Interest income earned by Bangalore Metro Rail Corporation, issued notice for further hearing. Mr Balbir Singh, the counsel...