TAXATION


KBS Sidhu 12 December 2025
The Indian Constitution promises equality before the law. Yet in recent years, the income tax department’s application of Section 13A—which governs the exemption of political party income from taxation—has raised uncomfortable questions about whether this principle applies uniformly or...

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Moneylife Digital Team 10 December 2025
The Mumbai bench of the income-tax appellate tribunal (ITAT) has set aside an addition of ₹59.87 lakh made by the income-tax (I-T) department on the basis of stamp duty valuation, holding that the valuation prevailing on the date of the property’s allotment must be adopted when part...

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Moneylife Digital Team 08 December 2025
The directorate of enforcement (ED) has attached proceeds of crime worth ₹4,189.89 crore in a series of crypto-linked money laundering investigations and declared one accused as a fugitive economic offender, the government informed the Lok Sabha on Monday. Further, as part of its compliance...

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Moneylife Digital Team 01 December 2025
The Chartered Accountants Association of Surat (CAAS) has filed a fresh writ petition before the Gujarat High Court under Article 226 of the Constitution, alleging systemic failures in the income-tax (I-T) department’s e-filing portal and chronic delays in the release of statutory forms and...

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KBS Sidhu 28 November 2025
CBDT’s NUDGE2 is a hook to fish out illegally parked funds abroad   The central board of direct taxes (CBDT)’s latest press note on its “2nd NUDGE” initiative reads like a polite reminder, but the subtext is chillingly clear. The CBDT has announced that, from 28 November 2025, SMS and email...

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Moneylife Digital Team 27 November 2025
In a major crackdown on suspected corruption within the Jaipur bench of income-tax appellate tribunal (ITAT), central bureau of investigation (CBI) has arrested a judicial member, a city-based lawyer and an appellant for their alleged involvement in a bribery syndicate operating to secure...

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Moneylife Digital Team 14 November 2025
The Delhi zonal unit of the directorate general of goods and services tax (GST) intelligence (DGGI) has uncovered a large-scale racket involving fraudulent availment and passing of input tax credit (ITC) valued at around Rs645 crore. According to an official release, officers detected a network...

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Moneylife Digital Team 05 November 2025
The Mumbai bench of the income-tax appellate tribunal (ITAT) has ruled in favour of actor Aishwarya Rai Bachchan, deleting a Rs4.11 crore disallowance made by the assessing officer (AO) under Section 14A of the Income Tax Act, 1961, read with Rule 8D. The tribunal held that the disallowance was...

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Moneylife Digital Team 30 October 2025
The Karnataka High Court (HC) has disposed a writ petition filed by Buckeye Trust after the income tax appellate tribunal (ITAT) president reassigned its case to a different bench, following concerns that an earlier tribunal order appeared to have been generated using artificial intelligence...

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Moneylife Digital Team 27 October 2025
In a significant and cautionary ruling that blends technology, law and due process, the Bombay High Court (HC) has quashed an income-tax (I-T) assessment against KMG Wires Pvt Ltd after finding that the assessing officer (AO) relied on non-existent, artificial intelligence (AI)-generated case...

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Moneylife Digital Team 16 October 2025
The Calcutta High Court (HC) has set aside an order of the income-tax appellate tribunal (ITAT) that had imposed a cost of Rs50,000 on a small trader while remanding his case for fresh assessment. The HC held that such a heavy penalty on an individual assessee was harsh and unjustified,...

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Moneylife Digital Team 06 October 2025
“I attended the inquiry with the officer, with no expectations and a blank mind, thinking it would be a one-sided affair. After the first session, I realised the Indian government and the Union ministry of finance (MoF) are committed to resolving entrepreneurs' issues and providing a long-term...

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Moneylife Digital Team 03 October 2025
National consumer helpline (NCH) has received more than 3,900 calls related to GST 2.0 in view of the implementation of the goods and services tax (GST) reforms 2025. In a statement, the Union ministry of consumer affairs, food and public distribution, says the calls comprise 31% calls related...

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Moneylife Digital Team 01 October 2025
In a major action against tax evasion and money laundering, the Ranchi zonal office of the directorate of enforcement (ED) has provisionally attached 10 immovable properties worth Rs15.41 crore belonging to Amit Gupta and his associates in Kolkata and Howrah. The attachments were made on 29...

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Moneylife Digital Team 29 September 2025
The government’s much-touted cut in goods and services tax (GST) rates was meant to be a festival gift for consumers. Announced by PM Narendra Modi from the Red Fort on Independence Day and ratified by the GST council at its 56th meeting on 3–4 September, the measure reduced slabs from four to...

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Moneylife Digital Team 26 September 2025
The Supreme Court of India has dismissed the curative petition filed by Nestlé SA, marking the end of all legal remedies for the Swiss multinational regarding dividend taxation disputes. The apex court’s ruling follows its earlier judgment that treaty benefits under most favoured nation (MFN)...

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Moneylife Digital Team 26 September 2025
US president Donald Trump has unveiled sweeping new trade measures, announcing a 100% tariff on branded and patented pharmaceutical imports beginning 1 October 2025, unless manufacturers are actively building production plants in the country. The announcement, made on his social media platform...

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S N Thyagarajan (Bar  and   Bench) 20 September 2025
Supreme Court Justice Manmohan on Friday issued a sharp warning that unless India fundamentally reimagines its legal and regulatory systems, it will fall short of its ambitious 2047 goal of becoming a developed economy.   "How does an income tax officer or a GST officer treat you when you are...

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Moneylife Digital Team 19 September 2025
As the country prepares for a fresh round of goods and services tax (GST) rate cuts on consumer durables, automobiles, and medicines from 22nd September, a new survey by LocalCircles highlights a persistent concern: most consumers do not believe earlier GST reductions were effectively passed on...

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Moneylife Digital Team 18 September 2025
The changes under the new goods and services tax (GST) framework, effective from 22 September 2025, are expected to boost demand for essential and discretionary goods, particularly among India’s middle class. A CRISIL Ratings report says the government’s decision to reduce GST rates on 11 of...

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