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Blog, News, Income Tax

February 12, 2026

Excess stock found during search is taxable as business income and not as unexplained investment if such stock isn’t separately identifiable

Case details: PPCIT v. Deccan … Continue reading “Excess stock found during search is taxable as business income and not as unexplained investment if such stock isn’t separately identifiable”

News, Blog, Income Tax

February 25, 2026

“Emerging jurisprudence” as regard the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

Ruchesh Sinha, Anmol Batra & … Continue reading ““Emerging jurisprudence” as regard the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015”

Blog, News, Account & Audit

February 24, 2026

IAS 1: Proposal for amendment in IAS 1 to improve disclosure about long term debts with covenants.

IAS 1: Presentation of Financial … Continue reading “IAS 1: Proposal for amendment in IAS 1 to improve disclosure about long term debts with covenants.”

News, Blog, GST & Customs

February 24, 2026

CBIC issued rate notifications to amend rates of several goods and services

Notification No. 14/2021-Central Tax (Rate) … Continue reading “CBIC issued rate notifications to amend rates of several goods and services”

Blog, News, GST & Customs

February 24, 2026

IECs which are not updated till December 5th, 2021 shall be deactivated: Trade Notice

Trade Notice 25/2021-22 Dated November … Continue reading “IECs which are not updated till December 5th, 2021 shall be deactivated: Trade Notice”

Blog, News, GST & Customs

February 17, 2026

CBIC notified exchange rates effective from November 19th, 2021

Notification No.92/2021-Customs (N.T.) Dated November … Continue reading “CBIC notified exchange rates effective from November 19th, 2021”

Blog, News, Insolvency and Bankruptcy Code

February 23, 2026

Equitable treatment of Operational Creditors with Financial Creditors is a question under IBC – Let’s examine

[2021] 132 taxmann.com 163 (Article) … Continue reading “Equitable treatment of Operational Creditors with Financial Creditors is a question under IBC – Let’s examine”

Blog, News, Competition Law

February 23, 2026

CCI imposes a penalty on paper manufacturers for indulging in cartelization

Case Details: Anti-competitive conduct in … Continue reading “CCI imposes a penalty on paper manufacturers for indulging in cartelization”

Blog, News, Income Tax

July 18, 2024

ITAT allows sec. 54F exemption on purchasing a residential floor in a building with commercial shops on other floors

Case Details: Ashok Kukreja v. … Continue reading “ITAT allows sec. 54F exemption on purchasing a residential floor in a building with commercial shops on other floors”

Blog, News, FEMA & Banking

February 12, 2026

Time barred written statement against recovery suit was rightly dismissed by DRAT: HC

Case Details: Anita Garg v. … Continue reading “Time barred written statement against recovery suit was rightly dismissed by DRAT: HC”