Latest Tax News & Updates

Latest Tax News & Updates

Supreme Court Rules Tiger Global’s $1.6 Billion Flipkart Sale Taxable in India-AAR (Income Tax) v. Tiger Global International Holdings

REPORTABLE Authority for Advance Rulings (Income Tax) & Ors Versus Tiger Global International II Holdings CIVIL APPEAL NO. 262 OF…

1 month ago

SUPREME COURT GRANTS BAIL IN ₹54.77 CRORE GST TAX EVASION CASE

RADHEY SHYAM & ANR. versus ASSISTANT COMMISSIONER SPECIAL LEAVE PETITION (CRL.) NO. 3559/2026 Introduction On 18 May 2026, the Supreme…

1 month ago

Supreme Court Dismisses Writ Petition Against GST Show Cause Notice

M/S TRILLION LEAD FACTORY PRIVATE LTD VERSUSSUPERINTENDENT OF CENTRAL TAX Special Leave to Appeal (C) No(s). 7101/2026 Date of Judgment-27.02.2026 HEADNOTE-…

1 month ago

Second-Hand Goods: Margin Scheme Excludes Repair Costs; No ITC on Improvements

Case Name: Jitendra Equipment (GST AAR Gujarat) Case No. GUJ/GAAR/R/2025/05 Dated- 21.03.2025 (more…)

1 year ago

Union Budget 2025 Key features on Income Tax \Finance Bill 2025

Union Budget 2025 Key features\Finance Bill 2025 Direct Tax proposals Introduction of  a scheme  for determining  arm's length price  of…

1 year ago

GST Clarification on various issues pertaining to GST treatment of vouchers-Circular No. 243/37/2024-GST

Clarification on various issues pertaining to GST treatment of vouchers- . Circular No. 243/37/2024-GST Dated the 31st December, 2024 References…

2 years ago

EXEMPTIONS FROM CAPITAL GAINS UNDER INCOME TAX ACT

EXEMPTIONS FROM CAPITAL GAINS The Income-tax Act permits a capital gains tax exemption if the proceeds from the sale, or…

2 years ago

FINANCE BILL 2024: INSERTION OF NEW SECTION 128A IN CGST ACT 2017

Conditional Waiver to Interest/ Penalty relating to demand raised u/s 73 of CGST Act, 2017- Introduction: Based on the recommendation…

2 years ago

FINANCE BILL 2024: INSERTION OF SECTION 74 A IN CGST ACT, 2017

The Finance Bill 2024, introduced in Parliament on 23rd July 2024, proposes major changes in Income tax law, Direct and…

2 years ago

Finance Bill 2024: Amendment to Section 16 of CGST Act, 2017

Amendment to Section 16 of CGST Act, 2017 The Finance Bill 2024, introduced in Parliament on 23rd July 2024, proposes…

2 years ago