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REASSESSMENT PROCEEDINGS
ITR filing season AY 2026-27: Received Section 143(2) notice for AY 2025-26? What it means and how to respondAs Section 143(2) scrutiny notices for AY 2025-26 reach taxpayers during the ITR filing season for AY 2026-27, this article explains why ta...- India Inc wary of fresh trade headwinds as US weighs additional 12.5% tariffIndia faces a potential 12.5% US tariff on imports following a Section 301 investigation into forced labor import prohibitions. Industry le...
- ITAT: Accrued interest component on non-convertible debentures sales is taxable as interest incomeThe ITAT has held that the accrued interest component embedded in sale proceeds from non-convertible debentures cannot automatically be tre...
- Income tax dept identifies up to 20,000 cases of individuals who used the ‘swapped provisions’ trick to reduce net tax liability; Know what to do now to fix thisThe Income Tax Department has flagged 15,000-20,000 cases of individuals using a 'swapped provisions' trick to unfairly reduce their tax li...
- Brahmos gets another customer: One of Middle East's biggest arms importers and top US weapons buyer eyes Indian weaponsIndia and the UAE are in early-stage discussions for the potential sale of Indian defence platforms, including the supersonic BrahMos missi...
- Worried about future of your child with special needs? How making a trust can help your child when you are not aroundFor parents of children with special needs, a special needs trust offers a vital long-term plan for their child's care and financial securi...
- Income Tax Department issues ITR scrutiny guidelines: These ITR filers may face compulsory scrutiny in FY 26-27The CBDT has released new guidelines for compulsory income tax return scrutiny in FY 2026-27, impacting returns filed in FY 2025-26. Specif...
- Vanguard marks Ola valuation down to $70 million, 99% lower from peakFunds managed by US investment giant Vanguard have slashed the fair value of ride-hailing platform Ola’s parent, ANI Technologies, to $70 m...
- Conflict in Middle East & its evolution will dominate proceedings of Russia’s leading foreign policy forumMoscow hosts the 12th Primakov Readings forum discussing a world without rules. Global impacts of regional conflicts, especially in the Mid...
- Zepto shares crash 30% in unlisted market despite Sebi nod for IPO. What's cooking?Zepto’s unlisted shares have dropped sharply despite Sebi approval for its IPO, signalling investor caution in a volatile market. The decli...
- 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...
- TDS credit must be allowed even without income tax return, says Income Tax Appellate TribunalThe Income Tax Appellate Tribunal has ruled that tax deducted at source credit cannot be denied once income is taxed. This decision came in...
- West Asia conflict dampens senior hiring demandIndia's executive search market is witnessing a slowdown. Companies are adopting a cautious approach to hiring due to global conflicts, inf...
- US Stock Market: Treasury yield surge sparks mortgage hedging frenzy, deepens bond selloffRising Treasury yields are forcing investors to sell government debt. This is due to increased risks from higher interest rates and fewer m...
- Regulator in India's top solar state again blocks 3.2 GW coal power projectRajasthan's power regulator has again rejected a proposed 3.2 gigawatt coal power project. The regulator wants state utilities to first rea...
- Tata Trusts board meeting blocked amid inquiry into trustee violationsThe Maharashtra Charity Commissioner has intervened dramatically by halting the Tata Trusts' board meeting, a response prompted by fresh al...
- 'Insult to science, make a mockery of EIA process': Jairam Ramesh on Great Nicobar projectSenior Congress leader Jairam Ramesh has written to the Union Minister of Environment, Forest and Climate Change Bhupinder Yadav over escal...
- Delhi HC set to pass order on Cong's pleas against tax re-assessment proceedingsDelhi High Court to rule on Congress party's tax challenge involving over Rs 520 crore 'escaped' income. Justices Varma and Kaurav's decisi...
- Delhi High Court stays IT reassessment proceedings against NGO Oxfam IndiaThe NGO has filed a petition challenging the notices and orders issued against it after a survey was conducted in September 2022. The reass...
- HC stays Income Tax reassessment of PE Creations' investmentThe Delhi High Court has put a stop to the Income-Tax Department's reassessment proceedings into the investment made by private equity firm...
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