India has laid the foundation for a prudent tax administration
Taxation is not a new concept to India. Historical records from ancient India, including Kautilya’s Arthashastra, reveal sophisticated systems of taxation […]
FM Sitharaman urges I-T Dept to address mounting tax appeals, outlines ‘5 Rs’ for taxpayer convenience
Finance Minister Nirmala Sitharaman on July 24 urged the Income Tax Department to focus of ‘five R’s’ in a bid
Income Tax Department disposed over 2.24 lakh appeals in FY26: CBDT Chairman Ravi Agarwal
The Income Tax Department in the previous financial year has not focused merely on “disposal of appeals, but on reducing
Voluntary Tax Payment Does Not Bar Proceedings Under Section 74 Where Suppression Allegation Remains Uncontested
The Hon’ble Patna High Court in the case of Manju Devi Agarwal v. Central Board of Indirect Taxes and Customs
CBIC Clarifies Procedure for Departmental Appeals Before GST Appellate Tribunal (GSTAT) in DGGI Cases
The Central Board of Indirect Taxes and Customs, under the Department of Revenue, Ministry of Finance, has issued Circular No.
DGFT Introduces Six-Month Import Restriction on Low-Priced S-PVC; Imports Above USD 0.766 per Kilogram to Remain Free
The Directorate General of Foreign Trade (DGFT), Department of Commerce, Ministry of Commerce and Industry, has issued Notification No. 25/2026-27
Central Government Notifies Tax Exemption for Specified Income of Kerala Headload Workers Welfare Board, Kochi
The Central Board of Direct Taxes (CBDT), Department of Revenue, Ministry of Finance, has issued Notification No. 95/2026 and Notification
Only RFID Seals Required for SEZ Export Containers with Valid LEOs; No Additional Sealing at Gateway Ports
The Department of Commerce, Ministry of Commerce and Industry, Government of India, has issued Instruction No. 124, bearing File No.
No Addition under Income Tax Law on Bogus Purchases, Where Sales Are Accepted and Supplies Are Backed by GST Records and Banking Trail
The ITAT, Kolkata Bench in M/s Diach Chemicals & Pigments Pvt. Ltd. v. DCIT, Central Circle 4(2), Kolkata [ITA Nos.
167th Income Tax Day Celebrations: FM Nirmala Sitharaman Unveils the 5Rs of Responsive Tax Governance and Calls for Greater Tax Certainty, Reduced Litigation and Taxpayer-Centric Reforms
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman participated in the 167th anniversary of Income Tax Day celebrations
