Income tax alert: These taxpayers could receive scrutiny notices by June 30, 2026 under Section 143(2)The CBDT has set June 30, 2026, as the deadline for issuing scrutiny notices under Section 143(2) for FY 2025-26 returns. An internal deadl...
15 Jun, 2026, 03.57 PM IST
Govt said to accept tweaks to Securities Markets Code draftThe government has accepted significant changes to the proposed Securities Markets Code. Investigation timelines will be extended to one ye...
15 Jun, 2026, 01.09 AM IST
OFCD case: SEBI moves SC against SAT relief to SICCL managers, company secretaryThe Securities and Exchange Board of India has approached the Supreme Court. This follows a Securities Appellate Tribunal order that provid...
13 Jun, 2026, 03.54 PM IST
Online gaming money tax dispute: GST to be charged on full value of the deposit, rules Supreme Court, know how it impacts the playersThe Supreme Court has settled India's online gaming tax dispute. GST will now be charged on the full value of player deposits, not just the...
12 Jun, 2026, 12.09 PM IST
NCLT admits SBI plea for personal insolvency proceedings against Anil AmbaniMumbai NCLT has admitted SBI's plea to start personal insolvency proceedings against Anil Ambani. This follows a Rs 1,200 crore claim by th...
12 Jun, 2026, 10.50 AM IST
Can you sell household items worth more than Rs 2 lakh in cash? Check the tax rulesA woman successfully challenged the Income Tax Department's addition of Rs 10.80 lakh as unexplained cash. The ITAT Chennai ruled in her fa...
12 Jun, 2026, 10.44 AM IST
Reliance Foundation secures major win as ITAT overturns cancellation of charity registrationReliance Foundation has won a legal battle against the Income Tax authorities regarding the 'charitable' status of its Mumbai hospital. A t...
11 Jun, 2026, 12.46 AM IST
Insider trading: Supreme Court upholds SAT clearance to Biocon MDThe Supreme Court has backed a tribunal's decision, clearing Biocon's managing director, Shreehas P Tambe, of insider trading allegations f...
10 Jun, 2026, 12.25 AM IST
India considers extending import tax exemption on petrochemicals to beyond June 30India will consider extending import tax exemptions on petrochemicals used for making plastics and pharmaceutical goods beyond June 30 to...
09 Jun, 2026, 06.52 PM IST
Bank auctioned pledged land after borrower defaulted but buyer took 2 years to pay 75% money; borrower cleared the dues, fought and won the case in SC to get his land backThe Supreme Court agreed with the Madras High Court's call to cancel the auction of Mr. Rama's family property. The bank was trying to sell...
09 Jun, 2026, 11.39 AM IST
Paying tax won't legitimise cash stashesThe taxman is tightening its grip on undeclared cash, with a recent tribunal ruling allowing the benami wing of the Income Tax department t...
08 Jun, 2026, 12.28 AM IST
NCLAT quashes Ligare Aviation's insolvency; loan from Religare Enterprises round-tripping of moneyThe National Company Law Appellate Tribunal has cancelled insolvency proceedings against Ligare Aviation. The tribunal found the National C...
07 Jun, 2026, 12.06 PM IST
GOQii moves SC over higher customs duty on fitness trackersGOQii Technologies has approached the Supreme Court. The fitness tech company wants a decision on customs duty for its imported bands. It a...
03 Jun, 2026, 12.30 AM IST
Lady sold apartment, took Rs 2.5 lakh cash, bought new apartment from son-in-law, paid no tax, got income tax notice; she fights back and wins case in ITAT ChennaiA Chennai woman successfully appealed a tax notice after selling her apartment for Rs 35.5 lakh, including Rs 2.5 lakh in cash, and buying ...
02 Jun, 2026, 07.11 AM IST
Mumbai man received tax notice over unreported income, not filing ITR; ITAT rules in his favour on TDS benefit, tax demand reducedManoj Soman had not filed an ITR for the relevant assessment year, which is FY 10-11 in this case. Based on information available through t...
29 May, 2026, 04.51 PM IST
Supreme Court upholds CCI order, clears NSE of anti-competitive practices in co-location caseThe Supreme Court has backed the Competition Commission of India's decision. This means no investigation will occur against the National St...
27 May, 2026, 12.17 AM IST
Supreme Court notice to Centre on plea highlighting vacant posts in Income Tax Appellate TribunalThe Supreme Court on Tuesday has asked the Centre to fill vacant posts across the Income Tax Appellate Tribunal. A bench directed High Cour...
26 May, 2026, 12.29 PM IST