The Delhi High Court has upheld the validity of a GST Department search of an advocate’s office, emphasising strict data protection measures including the use of cloned data and safeguarding client confidentiality amid ongoing investigations. The Delhi High Court has…
The Reserve Bank of India plans to implement a new draft framework allowing banks to restrict only the disputed amount in cyber-fraud cases, aiming to minimise disruptions for customers and comply with court directives. The Reserve Bank of India is…
Taxpayers covered under Section 44AB of the Income-tax Act 1961 must complete their tax audit by 30 September 2026, with specific thresholds applying based on turnover and cash transactions, while navigating new filing processes for assessment year 2026-27. Tax audit…
The Gujarat High Court has clarified that tax authorities cannot block input tax credits on leasehold rights transactions that are not taxable, setting a significant precedent in GST jurisprudence. The Gujarat High Court has ruled that tax officials cannot deny…
The Delhi High Court has clarified that payments made by Indian residents to overseas entities are not inherently taxable in India, provided there is no legal connection to Indian income. The ruling challenges broad assertions by tax authorities and could…
The Supreme Court has temporarily halted a Punjab and Haryana High Court decision declaring Section 147A unconstitutional, delaying reassessment proceedings in India’s faceless tax regime until a final verdict in December 2026. The Supreme Court on Friday put on hold…
A recent ruling by the Income Tax Appellate Tribunal in Hyderabad emphasises that Section 69C applies only to unexplained expenditure, clarifying that traceable payments from bank accounts are not automatically subject to addition, even if the destination remains unclear. An…
A landmark ruling by the Delhi Income Tax Appellate Tribunal confirms that stipends received by postgraduate medical students for educational purposes are exempt from tax, provided the payments are linked to academic training rather than employment remediation. A recent ruling…
As India’s tax audit deadline looms, chartered accountants navigate last-minute digital hurdles and detailed reporting requirements to ensure compliance before September 30, 2026. India’s tax audit season is entering its final stretch, with just 12 days left before the September…
India has introduced the most significant overhaul of its e-commerce consumer rules since 2020, set to take effect in January 2027, focusing on transparency, seller disclosures, and dark-pattern regulation. India has overhauled its e-commerce consumer rules, with new obligations on…
The Supreme Court has ruled that tax officers cannot reopen issues already settled by the Income Tax Settlement Commission, reinforcing the finality of settlement orders and limiting reassessment powers following a dispute involving Omaxe Limited. The Supreme Court has ruled…
The Indian government has dismissed rumours of GST on UPI merchant discount rate payments, reaffirming that UPI transactions remain free for most users despite ongoing discussions about introducing transaction fees for higher-value payments. India’s finance ministry has moved to cool…
