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Bombay HC Dismisses Writ Petition Against Retrospective Withdrawal of Industrial Park Tax Benefits [Read Order]

Adwaid M S

The Bombay High Court has dismissed a writ petition challenging the retrospective withdrawal of tax benefits under the Industrial Park Scheme, 2002....

S.43B Disallowance not Applicable When No Deduction Claimed and Liability Reported as Current...

Genuineness of Loans u/s 68: ITAT Orders Fresh Verification of Creditworthiness and Transactions...

No Income Tax Deduction for Penalty Settlements Under 4 Key Laws: CBDT [Read Notification]

MPs to Make ₹1,24,000 per Month: Know the Perks, Benefits and Numbers in Light of Central...

CBDT Introduces Ten-Year Zero Coupon Bond by Power Finance Corporation Ltd. with Tax Benefits [Read Notification]

The Ministry of Finance, through the Central Board of Direct Taxes (CBDT), has issued Notification No. 19/2025, dated March 11, 2025, under the Income Tax Act, 1961. This notification specifies the...

ITAT Orders Verification of TDS Deposits, Grants Relief to Assessee [Read Order]

In a recent decision, the Income Tax Appellate Tribunal ( ITAT ) has allowed the appeal of an assessee, directing the Assessing Officer ( AO ) to verify the documents related to Tax Deducted at...

Section 80GGC Income Tax Deduction: Detailed Explanation

Donating to political parties is a common practice in India, particularly among salaried individuals and businesses. Today, let’s understand Section 80GGC of the Income Tax Act, which provides tax...

CBDT Approves CPRI as Research Association for Scientific Research [Read Notification]

The Central Board of Direct Taxes (CBDT), through a notification (Notification No. 07/2025/F. No. 203/20/2024/ITA-II)issued on 14th January 2025, has approved the Central Power Research Institute...

CBDT - CBDT Approves - CPRI - Research Association - CBDT Approves CPRI - Scientific Research - taxscan

Budget 2025: Customs Duty Revamp of Over 100 Items Expected

A major revamp of basic customs duty ( BCD ) on over 100 items is likely in the FY26 Budget, aimed at aligning duty rates with global trade trends and resolving the inverted duty structure, according...

Budget 2025 - Customs Duty - Budget 2025 Customs Duty - Budget 2025 Key Updates - TAXSCAN

CBDT Grants Income Tax Exemption for Commissioners of Rabindra Setu, Kolkata u/s 10(46) [Read Notification]

The Central Board of Direct Taxes (CBDT) under the Ministry of Finance issued Notification No. 4/2025, dated January 3, 2025, granting a tax exemption to "The Commissioners for the Rabindra Setu,...

PAN 2.0: Holding Two PAN Cards? Surrender and Deactivate Now to Avoid Legal Issues

The Permanent Account Number ( PAN ) is an important identification tool for taxpayers in India, facilitating financial transactions, income tax filings, and various other processes. However, there...

Multiple PAN Cards issues - Holding 2 PAN Card Issues - Issues of holding 2 pan carsd - taxscan

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