The newly introduced Bill,2025, presents a transparent and clear legal framework classifying Virtual Digital Assets (VDA), including cryptocurrencies and Non-Fungible Tokens (NFTs), as an entity for ...

ITAT Delhi held that foreign share holding duly disclosed with Income Tax Department and hence the same cannot be taxed under the Black Money Act. Accordingly, order of CIT (A) upheld and appeal of ...

CESTAT Delhi held that penalty under section 114 of the Customs Act, 1962 cannot be imposed in the absence of any evidence that there was fraudulent export of goods. Accordingly, appeal allowed and ...

GST Registration Saga: Social Media Post Triggers Swift Clarification from Finance Ministry and CBIC ...

ITAT Mumbai held that since donations collected were parked in savings bank account of assessee and funds were used for personal purpose hence donation collected are taxable u/s. 56 (2) (x) of the ...

ITAT Chennai held that waiver of amount of loan, whether principal or interest component, cannot be brought to tax under section 41 (1) of the Income Tax Act. Accordingly, appeal of assessee allowed ...

Subject: Mandatory Submission of Closure Report on expiry of FSSAI License/ Registration-reg.

14. Mr Pardiwalla submitted that there was no independent application of mind by the AO, and this was an instance of the AO acting under dictation. He submitted that the AO incorrectly thought that he ...

Once Bail Is Granted, It Cannot Be Cancelled In A Mechanical Manner Unless Supervening Circumstances Justify Such Action: SC ...

Yet AI systems such as Anthropic’s Claude 4 are already able to interpret contracts, generate boilerplate codebases, and perform data analysis in seconds. Once businesses realize they can replace a ...

Until mid-2024, gold held for three years or less was treated as short-term; anything longer was long-term. But since July 23, 2024, that holding period for short-term has been shortened to two years.