The tribunal held that Renewable Energy Certificates are distinct from carbon credits under Section 115BBG and must be taxed at normal rates. The ruling emphasizes strict interpretation of ...

The High Court set aside a tax demand issued under Section 156 because it was not based on any assessment or reassessment order. The ruling held that a demand notice cannot exist without a prior order ...

Refund claims tied to COVID‑era penalties are generally subject to a statute of limitations.

A federal court recently expanded the interpretation of a specific tax code opening up some people to receive a refund for taxes paid in 2023.

A court ruling may allow taxpayers to claim refunds on IRS late fees from 2019–2022 pandemic filings, but claims must be ...

The Central Board of Direct Taxes (CBDT) has notified the Income-tax Rules, 2026, to implement the Income-tax Act, 2025, ...

Income Tax Act 2025 to Take Effect from April 1, 2026: Major Changes for Taxpayers India’s direct taxation system is set to ...

With the rollout of the new Income-tax Act, 2025, taxpayers are expected to get relief from several systemic issues faced ...