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CBDT Notifies Income Tax Exemption for New Okhla Industrial Development Authority [Read Notification]

Kavi Priya

The Ministry of Finance issued Notification No. 116/2025 dated 17 July 2025, granting income tax exemption to the New Okhla Industrial Development...

No Confiscation of Seized Gold Merely for Invalid LOA: CESTAT [Read Order]

Resubmission of Resolution Plan has to await Till Disposing of Pending Application: NCLAT [Read...

NOIDA is Body Corporate under Uttar Pradesh Industrial Area Development Act: Delhi HC quashes...

Relief to Punjab and Sind Bank: Delhi HC allows Refund of Rs.1.3 crores Deposited by Bank on ground...

Mere initiation of Penalty proceedings cannot be challenged unless formal order has been passed: ITAT dismisses Appeal [Read Order]

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that mere initiation of penalty proceedings cannot be challenged unless the formal order has been passed. The matter was called for...

Income Tax Department conducts searches at various locations in Uttar Pradesh

The Income Tax Department started a search and survey action on 18/11/2020 in the case of a leading cattle feed producer in Northern India. The search and survey actions are being carried out at 16...

SC directs DRT to Transmit Rent received from Property attached to the Amrapali Account [Read Order]

The Supreme Court of India recently directed the Debt Recovery Tribunal (DRT) to transmit the rent which they have received from property that has been attached to the Amrapali Account maintained by...

Chartered Accountant vacancy in HCL

The HCL Technologies has openings in Noida for the post of Associate Manager and invited application from eligible candidates. The HCL Technologies Limited is an Indian multinational information...

GST Evasion: Racket busted of Large number of Non-Operational Partnership Firms falsely claiming refunds against accumulated ITC

A large number of proprietorship/partnership firms registered with Gautam Buddha Nagar and other Commissionerates of Delhi NCR which were apparently connected and had claimed a huge amount of refunds...

NOIDA is not a Local Authority, No Tax Relief: Supreme Court [Read Judgment]

A two-judge bench of the Supreme Court has held that the New Okhla Industrial Development Authority ( NOIDA ) is not covered by the definition of local authority as contained in Explanation to Section...

Bank not liable to deduct TDS on Interest to NOIDA on FDs: SC [Read Judgment]

Upholding the Allahabad High Court favoring the NOIDA and Banks, the Supreme Court held that the Canara Bank cannot be treated as assessee-in-default by the income tax department for non-deduction of...