Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
A government tax authority directs that interest under section 220(2) will be waived for taxpayers who pay demands arising from rectification orders that disallowed incorrectly granted section 87A rebates on incomes taxed at special rates, provided the demand is paid on or before 31.12.2025; if unpaid by that date, interest will accrue from the date specified in section 220(1) thereafter. The order affirms that incomes chargeable at special rates under Chapter XII are excluded when applying section 115BAC(1A), and implements the waiver under the authority of section 119.
A government tax authority directs that interest under section 220(2) will be waived for taxpayers who pay demands arising from rectification orders that disallowed incorrectly granted section 87A rebates on incomes taxed at special rates, provided the demand is paid on or before 31.12.2025; if unpaid by that date, interest will accrue from the date specified in section 220(1) thereafter. The order affirms that incomes chargeable at special rates under Chapter XII are excluded when applying section 115BAC(1A), and implements the waiver under the authority of section 119.
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TaxTMI 
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