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Income Tax Law

Chhattisgarh HC Rejects M.Com Student’s Plea for Third Re-Evaluation of Income Tax Marks Over Belated Application Filing [Read Order]

Kavi Priya

In a recent ruling, the Chhattisgarh High Court rejected the plea of M.Com student seeking a third re-evaluation of his Income Tax and Finance...

IBC Trumps Income Tax Law: Bombay HC Upholds Extinguishment of Pre-Resolution Claims [Read Order]

CJI Gavai Lauds ITAT’s Justice Delivery Role, Warns of Rs. 6.85 Lakh Crore Backlog and Calls for...

[BREAKING] Income Tax Act, 2025 notified in Official Gazette for General Information by Ministry of...

Income Tax Departmental Exam 2025: Online Application Link Activated, Apply Now!

Interest Received on Delayed Compulsory Agricultural Land Acquisition Compensation be Classified as 'Capital Gain': Kerala HC [Read Order]

In a recent ruling, the Kerala High Court has ruled that the interest received on delayed compensation for compulsory agricultural land acquisition will be treated as Capital Gain as it is an accrual...

ICAI recommends Changes to Income Tax Bill 2025 Before Parliament's Select Committee

The Select Committee of Lok Sabha to Examine the Income-Tax Bill 2025 met on March 6, 2025, under the Chairpersonship of Shri Baijayant Panda, MP, and took oral evidence from representatives of the...

Income Tax Made Easy: Must-Read Bestsellers for Tax Professionals, Students and Taxpayers

Income Tax is essentially not everyone’s cup of tea, majorly because of the complexities that come with it. We humans always want things to be easy to comprehend and interpret. Whether you are a tax...

New Income Tax Act Update: CBDT forms Review Committee

The Central Board of Direct Taxes ( CBDT ) has established an internal committee to review the Income Tax Act of 1961. Led by VK Gupta, Chief Commissioner of Income Tax, the committee was announced...

Kerala HC upholds Income Tax Disallowance Against Employer on Failure to Contribute To EPF/ESI Within Due Date [Read Order]

In a recent case, the Kerala High Court upheld income tax disallowance against employers on failure to contribute to Employee Provident Fund (EPF) / Employees' State Insurance (ESI) within the due...

Oman might be the First GCC Country to impose Personal Income Tax

Oman is set to break new ground within the GCC by considering the implementation of a personal income tax targeting high-earning individuals, both citizens and expatriates. Currently, no personal...

Appeal Pending against Assessment order passed under Income Tax Act: Kerala HC directs to consider Stay Petition [Read Order]

The Kerala High Court directed to consider the stay petition on the ground that the appeal was pending against the assessment order pass under Income Tax Act, 1961. Against the assessment order...