The reopening was based on information received from the Investigation Wing stating that Sanasa Tech Fab Ltd., earlier known as Jeevo Motors Finance Company Limited, had been identified as a penny ...

The Madras High Court held that reopening an assessment after four years is invalid where the assessee had already disclosed all material facts during the original scrutiny ...

The new regime remains the default — if you don't actively pick the old one while filing, you automatically fall under the new system.

According to CA Dr Suresh Surana, the Income-tax Act, 2025 (ITA 2025) aims to simplify compliance, rationalise procedures and align the tax framework with current economic realities. Several key ...