Indore I-T Searches: Tax Evasion by Real Estate, Toll and Construction Firms
Income Tax Department conducts large-scale searches across Indore at real estate, toll and construction firms over suspected tax evasion.
Author: Vinod Arora
Capital Gains Tax Confusion: Why LTCG Rules Feel More Complicated Now
LTCG tax was meant to simplify investing, but indexation removal has left property, gold and debt investors confused ahead of Budget 2026.
Budget 2026: Experts Seek One-Time Settlement of Customs Disputes
Amid economic uncertainty, tax experts seek a one-time settlement scheme under the Customs Act to resolve disputes and unlock blocked revenue.
Budget 2026: MAIT Calls for Duty Cuts, PLI Support to Boost Electronics Mfg
Ahead of Budget 2026–27, MAIT urges import duty cuts on key electronic components and tax incentives to boost domestic manufacturing.
ITAT: CPC Can’t Finalise 3CD Adjustments w/o Verification (Surya International Case)
Lucknow ITAT holds that CPC adjustments under Section 143(1) based solely on Form 3CD require AO verification; issues remanded for fresh review.
ITAT: Delay in Form 10B Filing Does Not Bar Section 11 Exemption
Ahmedabad ITAT holds that belated filing of Form 10B is a procedural lapse and directs AO to allow Section 11 exemption if audit report is on record.
ITAT Allows Fresh Review of Gujarat Cancer Society Donation Claim (AY 2021-22)
ITAT Ahmedabad restores ₹2.15 lakh donation claim to Gujarat Cancer Society to AO for fresh verification under Section 35(1)(ii) for AY 2021-22.
DGFT Notifies Export Modalities for Wheat Flour (HS Code 1101)
DGFT Public Notice 44/2025-26 prescribes eligibility, procedure, quota and documentation for export of wheat flour and related products under HS Code 1101.
Govt Amends Duty Drawback Rules to Simplify Claims for Postal Exports
Customs has revised duty drawback rules for postal exports. Here’s a clear checklist of steps exporters must follow to claim drawback smoothly.
Customs Allows Electronic Filing for Postal Exports, Grants Shipping Bill Parity
CBIC has notified further relief for postal exports by recognising electronic postal entries on par with shipping bills under Section 84,