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TAX DISPUTES RESOLUTION
Good news: If penalty is imposed for misreporting of income or other cases you can apply for waiver of penalty using revised Form 161; Check the detailsOn October 8, 2026, the Central Board of Direct Taxes introduced a revised Form 161 for taxpayers. This new form allows eligible individual...- GST 2.0: From stuck tax credit to fewer disputes, industry chambers list key reform demandsGST 2.0 reforms: Industry chambers are calling for reforms to GST 2.0 during the upcoming GST Council meeting. They seek improvements in in...
- Dubai NRI bought Rs 2.31 crore property, didn’t file ITR, got income tax notice; she fights back and wins in ITAT on these groundsMrs Chudamasa’s counsel argued that the AO had erred in treating Rs 2,31,20,000 as investment made during financial year 2017-18. He submit...
- View: India-China thaw faces major economic testsIndia and China are working to improve their diplomatic relations following past military tensions over border disputes. Recent measures in...
- GST Council may clear sweeping compliance reforms; e-commerce sellers, genuine buyers to get reliefThe GST Council will assess various procedural reforms aimed at simplifying tax compliance for businesses. Proposed measures include enabli...
- Foreign capital is slipping away. Can India lure investors back?India faces a tougher battle for foreign capital as FPI outflows rise and global investors shift money towards AI, semiconductors and manuf...
- Tata companies face a tough call on Chandra vote at AGMTata Group companies are preparing for the upcoming AGM concerning N Chandrasekaran's reappointment as a director. These companies, includi...
- India doesn't plan huge changes to dispute resolution with foreign companies, source saysIndia will maintain the requirement for local court disputes to be resolved before allowing international arbitration. Although the five-ye...
- India doesn't plan huge changes to dispute resolution with foreign companies, source saysIndia is unlikely to make major changes to its bilateral investment treaty dispute-resolution framework, despite foreign businesses complai...
- BRICS tax model needs to reflect reality: FM Nirmala SitharamanIndia will lead both working groups. The meeting also approved terms of reference of the BRICS Tax Support Network. Addressing the BRICS He...
- Shapoorji Pallonji Group, Tata Sons' second-largest shareholder, backs IPOShapoorji Pallonji Group, which owns about 18.4% of Tata Sons, has backed a potential listing of the holding company after the RBI rejected...
- Shapoorji Pallonji welcomes RBI decision on Tata Sons listing; seeks closer ties with Tata TrustsThe Reserve Bank of India has set expectations for Tata Sons to meet its listing criteria. Shapoorji Pallonji Mistry welcomed the decision,...
- ET Prime Special Series: Multibagger or IBC - Part 76: Exports are 30%, one customer is 28%, and EV story is still at the starting lineSeventy-six weeks,76 auto ancillary companies. This week, we turn to another legacy supplier that has spent decades building precision-manu...
- Amazon Now’s sales surge; govt’s stance on UPI chargesHappy Tuesday! Amazon's quick commerce arm is scaling fast, India head Samir Kumar told us. This and more in today’s ETtech Morning Dispatc...
- BRICS adopts New Delhi Declaration: Inside the 140-point document on Global South's ambitionsBRICS leaders adopted the New Delhi Declaration at the 18th summit, reaffirming their commitment to cooperation, multilateralism and a more...
- Rs 1.17 crore interest income of minor child: Father faces Rs 12.83 lakh penalty; ITAT Delhi cancels itSatbeer Singh Godara, judicial member and Amitabh Shukla, accountant member of ITAT Delhi, in a recent judgement ruled that a father can’t ...
- The cookie jar: Rs. 403 crore of expected losses simply disappeared, and turned into profit. Nobody had earned a rupeeA provision is simply management's estimate of a future cost the company can already see coming: Repairs under warranty, a lawsuit it might...
- Stocks in news: Canara Bank, Vodafone Idea, Premier Energies and ACME SolarIndian equity markets saw a slight recovery on Thursday after recent declines. Canara Bank plans to raise substantial funds through bond is...
- Post-pandemic trend: Strong divergence in corporate profit vs investment math captures policy attentionPost-Covid, corporate profits have beaten the pace of investment recovery in a major way. Companies are reaping greater returns from their ...
- SC Special Lok Adalat settles over 400 cases on first day of Samadhan Samaroh 2026The Supreme Court Lok Adalat successfully settled over 400 cases on its first day. This initiative, part of Samadhan Samaroh 2026, aimed fo...
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