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In the case of an income tax refund that was sanctioned with interest but paid without it, the Madras High Court directed the Income Tax Department to acknowledge and dispose of the taxpayer’s representation regarding the unpaid interest. Vinplex India Private Limited, the applicant, submitted the writ petition asking for the interest to be filed […]
The central government, on May 15, 2025, approved 187 startups for income tax exemption. A 100% income tax deduction on profits is allowed for eligible startups for any three consecutive years within a ten-year period from the date of incorporation. The income tax benefit scheme is made to assist emerging businesses in their initial years, […]
The taxpayer’s consultancy services to the foreign university/foreign group entity do not fall under the category of “intermediary services”, and the taxpayer is qualified for the advantage of “export of services,” New Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT). The Bench of Binu Tamta (Judicial Member) and (Technical Member) has said […]
CBDT has asked income tax officials to track advance taxpayers and identify fake claims of exemptions and deductions in order to improve direct tax collections in the current fiscal year. The central action plan (CAP) for 2025-26 has been issued via the Central Board of Direct Taxes, the policy-making body for the department, which guides […]
The appeal filed by the Income Tax Department against Intime Vanijya Private Limited has been dismissed by the Income Tax Appellate Tribunal (ITAT), Kolkata bench, stating that the disputed tax amount of ₹7.97 lakh is below the ₹60 lakh threshold specified in CBDT Circular No. 09/2024. In the case of AY 2013-14, in which the […]
The Orissa High Court reminded tax authorities not to harass practising lawyers with notices regarding GST and service tax levies. Consequently, Chief Justice Harish Tandon and Justice B.P. Routray set aside the notices issued to a Bhubaneswar-based lawyer, which demanded service tax of ₹2,14,600 along with a penalty of ₹2,34,600 and applicable interest. It noted […]
The Delhi High Court has directed the GST (Goods and Services Tax) department not to prejudice the taxpayer’s business, which is engaged in the manufacturing of mild steel products, by attaching its entire bank account pending adjudication of ₹15.09 crores in tax evasion proceedings. It was noted by the division bench of Justices Prathiba M. […]
The ITAT Ahmedabad bench set aside the taxpayer’s deduction claim for a donation made to an unapproved scientific authority in a recent ruling. Parag Dave, the taxpayer, has the business of testing soil, building materials, conducting survey work, etc. The taxpayer on 26.09.2017 has submitted his income return specifying a total income of Rs 56,55,070. […]
For the taxpayers, along with Indian residents and NRI’s the option to get a Nil TDS certificate has been removed by the proposed income tax bill 2025. For both Indian taxpayers and non-residents, including non-resident Indians (NRIs), the proposed new Income Tax Bill 2025 seems to remove the concept of a “nil TDS” certificate by […]
