Tax Updates

22 Jul 2026

No indirect tax on Assignment or transfer of long-term leasehold rights for industrial plots: Supreme Court dismisses SLP against GCCI [Read Order]

In a recent judgement, the Supreme Court of India rejected a batch of Special Leave Petitions filed by the Union of India, thereby upholding the Gujarat H…

21 Jul 2026

SC Dismissed SLP Against Quashing of Section 74 indirect tax Proceedings for ITC Denial

Supreme Court dismissed the SLP challenging the High Court order quashing Section 74 GST proceedings and related appellate and adjudication orders.

20 Jul 2026

Beware of Fake Income levy Penalty Notice on Email

Beware of fake Income Tax emails sent from QQ Mail or Gmail IDs.

19 Jul 2026

Business Closure No Excuse for Failing to Monitor indirect tax Portal While Registration Remains Active: Rajasthan HC [Read Order]

In a recent ruling, the Rajasthan High Court held that stopping business operations in the State was not a valid excuse for failing to monitor the GST por…

18 Jul 2026

Ed Zitron claims that the AI boom is primarily driven by OpenAI, cautioning that its collapse could trigger an industry downturn.

16 Jul 2026

EPF levy Rules 2026 — Complete Guide to EPF Withdrawal, Interest & Income levy

A lot of salaried individuals assume their EPF money is always tax-free the moment it lands in their account.