Disallowance of Interest Expenditure Deleted as AO Failed to Prove Business Funds Were Diverted for Personal Home Loans Issue Whether the disallowance of interest expenditure under Section 37(1) was justified when the accounts furnished by the assessee did not indicate that the interest claimed in the Profit and Loss account included any interest paid on… Read More »
Delay in E-Verifying Form 10B Due to Covid-19 Inadvertence Condoned Under CBDT Circular No. 16/2024 Delay in E-Verifying Form 10B Due to Covid-19 Inadvertence Condoned Under CBDT Circular No. 16/2024 Issue Whether the Commissioner should be directed to grant registration under section 12AB (and consequential 80G approval) to an assessee-trust set up under a national… Read More »
Failure to E-Verify Audit Report Form 10B Due to Inadvertence During COVID-19 Condoned Under CBDT Circular No. 16/2024 to Prevent Genuine Hardship to Charitable Trust Failure to E-Verify Audit Report Form 10B Due to Inadvertence During COVID-19 Condoned Under CBDT Circular No. 16/2024 to Prevent Genuine Hardship to Charitable Trust Issue Whether the delay by… Read More »
SECTION 10(46A) OF THE INCOME-TAX ACT, 1961 – EXEMPTIONS – STATUTORY BODY/AUTHORITY/BOARD/TRUST/COMMISSION – NOTIFIED BODY OR AUTHORITY NOTIFICATION S.O. 3203(E) [NO. 114 /2025/F. NO. 196/23/2014-ITA-I(PT.1)], DATED 14-7-2025 In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of… Read More »
Parents can now send money to their kids on Google Wallet. Parents can now send money to their kids on Google Wallet. With back-to-school season fast approaching, parents are busy preparing their children for the year ahead. To make getting ready a little easier, today Google launching a new Google Wallet tool that gives parents a… Read More »
Our WeatherNext 2 AI model demonstrated a massive leap forward in predicting cyclones. Our WeatherNext 2 AI model demonstrated a massive leap forward in predicting cyclones. Predicting how hurricanes and cyclones develop is a longstanding challenge, and every hour of warning counts. Tropical cyclones are among the most destructive weather events on Earth, and for… Read More »
Made by Google ’26 Made by Google ’26 At Made by Google this year, we introduce the latest releases across the Pixel ecosystem and show how Gemini Intelligence makes our device portfolio more personal and proactive. From our new phones and watches to our cutting-edge AI, discover how we build technology that helps you stay… Read More »
Step into the world of tango on Google Arts & Culture Step into the world of tango on Google Arts & Culture Discover the rich history, passionate dancers and enduring legacy of Argentinian tango through a new collection on Google Arts & Culture, created in partnership with local cultural institutions. Journey into the heart of… Read More »
GST CASE LAWS 14.08.2026 Section / Rule Case Law Title Brief Summary Citation Relevant Act Section 9 Naganath Constructions Engineers and Contractors v. Government of Karnataka Civil contractor executing works under a State contract is entitled to reimbursement of differential GST arising from the transition from VAT to the GST regime, as the tax burden… Read More »
No Anti-Profiteering Holds as Post-GST Input Tax Credit Ratio Declined and No Additional Credit Accrued No Anti-Profiteering Holds as Post-GST Input Tax Credit Ratio Declined and No Additional Credit Accrued Issue Whether the builder-respondent indulged in profiteering under Section 171 of the CGST/MGST Act, 2017, by failing to pass on benefits of additional Input Tax… Read More »