Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Special additional excise duty rates under Notification No. 06/2026-Central Excise are amended for exported petrol and diesel. The table rate for petrol is substituted with Rs. 2.5 per litre, while the rate for diesel is substituted with Rs. 15.5 per litre. These revised duty rates take effect from 16 July 2026.
Special additional excise duty rates under Notification No. 06/2026-Central Excise are amended for exported petrol and diesel. The table rate for petrol is substituted with Rs. 2.5 per litre, while the rate for diesel is substituted with Rs. 15.5 per litre. These revised duty rates take effect from 16 July 2026.
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