Curated legal news, case breakdowns, and workflow tips for fast-moving practitioners.
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Union Budget 2026 replaces the Income Tax Act, 1961 with the Income Tax Act, 2025, introducing simpler filing, lower penalties, and digital compliance.
Budget 2026 introduces the new Income Tax Act replacing the 1961 law, simplifying deductions, exemptions, capital gains rules, and tax compliance.
GSTAT grants six-month leniency in GST appeal scrutiny, directing registries to flag only substantive defects during the initial rollout of the new GSTAT portal.
ITAT Mumbai rules that cash received from property sale cannot be treated as unexplained income under Section 68 if supported by a registered sale deed and bank records. Landmark …
ITAT Amritsar rules that entire cash deposits cannot be taxed as unexplained income. Tribunal applies 8% presumptive tax rate in accommodation entry cases, granting major relief u…