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DRAFT ASSESSMENT ORDER
EPFO held on to Rs 10 lakh for 11 years: Patna HC orders it to refund the deposit with 6% interest for ‘unjust enrichment’The Patna High Court has ordered the EPFO to pay 6% annual interest on a Rs 10 lakh deposit, citing unjust enrichment. The court ruled that...- EU paves way to allow migrant deportations to centres outside blocEuropean Union lawmakers and governments have agreed on new rules. These rules permit sending rejected asylum seekers to centers outside th...
- EU wants to break up with US techWary of being vulnerable to the whims of foreign governments, the European Union is preparing far-reaching new moves to ditch American digi...
- Didn't expect row over chapter on judiciary; content was correct, we stand by it: NCERT scholar DaninoNCERT academic Michel Danino stands by a controversial Class 8 textbook chapter on the judiciary. He states the content was correct and did...
- ITR assessment rules change from April 2026: Four key amendments explainedFour key changes to Income Tax Return (ITR) assessment rules will be effective from April 2026 for Tax Year 2026-27. These amendments, intr...
- Sweden rights groups blast 'honest living' criteria for migrantsSweden's government has faced growing criticism over its plans to require migrants to adhere to "honest living", with rights groups and leg...
- EU to soon roll out age-check app for social media where India could be looking to followEuropean Union is launching an age-verification app to shield children online. India's Karnataka state has banned social media for under-16...
- Zepto vs rivals; Cybersecurity goes outsourcedAs Zepto lines up a public markets debut this year, a look at how it stacks up against rivals Blinkit and Instamart. This and more in today...
- Buckeye Trust ruling: How a single clause drafted without sufficient precision in trust deeds can trigger tax risk and derail estate planningWhether in trust deeds, corporate agreements or commercial contracts, even a single clause drafted without sufficient precision can signifi...
- Income tax dept opposes benefits to Jane Street SingaporeIndia's tax office has challenged treaty benefits claimed by Jane Street's Singapore arm, suspecting ₹8000 crore in escaped income. The dep...
- Maruti Suzuki receives income tax order of over Rs 5,800 croreMaruti Suzuki India Limited has received a Draft Assessment Order from the Income Tax Authority for FY 2022-23, proposing additions/disallo...
- You can know what final income tax scrutiny order contains even before it is issuedThe Income Tax Department acknowledged a Chartered Accountant's social media post. The post discussed the current income tax scrutiny proce...
- Maruti Suzuki receives Rs 2,966 cr draft assessment order from I-T deptMaruti Suzuki received a draft assessment order for FY 2021-22 from the Income Tax Authority, proposing Rs 2,966 crore in additions and dis...
- Delhi High Court quashes final tax assessments for MNCs, citing violations of Income Tax Act proceduresThe Delhi High Court has quashed final tax assessment orders against multiple MNCs, including Microsoft India, due to procedural lapses by ...
- Maruti Suzuki shares fall over 2% on Rs 2,159 crore income tax draft assessment orderMaruti Suzuki said that it planned to challenge the October 3 order and that business would not be affected by it.
- Maruti Suzuki hit with Rs 2,159 crore Income Tax Draft Assessment OrderMaruti Suzuki, India's leading automobile manufacturer, has received a draft assessment order from the Income Tax department for FY 2019-20...
- Income Tax Dept seeks more time for international casesThe Indian tax office has requested that hearings related to contentious transfer pricing and international taxation cases be adjourned unt...
- Delhi High Court stays show cause notice by I-T dept under faceless assessment regimeThe Delhi High Court said the submission that there was a breach of principles of natural justice appears to be prima facie correct. The co...
- Government notifies faceless e-assessments in tax: More transparency, but some challenges tooThe e-assessment scheme has now been notified, under which CBDT will set up national and regional e-assessment centres as well as various u...
- Shell 'shocked' again with Rs 5000 crore tax blow; Vodafone not spared tooI-T department has slapped a draft assessment order on an inter-group issue of shares which pegs Shell India's tax liability at nearly Rs 5...
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