Everything a finance person must know - re-brewed every 10 minutes
An appellate tribunal canceled tax additions made after a search discovered 16 lakh rupees in gold ornaments and cash. The taxpayer successfully argued that the cash was backed by accounting books and the ornaments fell within permissible Central Board of Direct Taxes guidelines.
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A regional carrier is freezing its network expansion plans while keeping its long-term fleet target of 50 aircraft unchanged. Management is prioritizing operational efficiency instead of aggressive growth while navigating difficult operating conditions caused by elevated fuel expenses.
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FMCG major Dabur India has posted an 11.7 percent growth in its net profit for the second quarter ending September 30. The company sustained its double-digit growth trajectory during this period. Financial professionals can evaluate these quarterly metrics for consumer sector trends.
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A recent study reveals that domestic yards accounted for a minuscule share of global merchant-ship deliveries in 2025. The findings indicate that output must increase elevenfold for the country to reach the production level of the fifth-ranked nation worldwide.
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Tax authorities frequently issue various forms of communication to address discrepancies in filed returns or compliance omissions. Understanding the specific triggers behind these notices helps taxpayers respond correctly and avoid penalties.
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The umbrella payments organization has established a new technology subsidiary to scale operations beyond traditional payment systems. Vishal Kanvaty has been appointed as the chief executive officer to lead this expansion.
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The Customs, Excise and Service Tax Appellate Tribunal ruled that service tax cannot be demanded beyond the normal limitation period if an earlier show cause notice proves the department already knew the facts. This decision prevents authorities from invoking suppression charges when prior departmental awareness is established. Finance professionals and tax advisors must review past show cause notices to protect clients from delayed tax demands.
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A flexible workspace operator achieved 475 crore rupees in revenue for the second quarter of fiscal 2027, representing a 34 percent year-on-year increase. Total revenue for the first half reached 904 crore rupees, while profit after tax surged 66 percent to 92 crore rupees.
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The Bombay High Court rejected an income tax appeal from the tax department regarding HCC Concessions. The court ruled that tax deductions under Section 14A cannot be disallowed if there is no exempt income during the relevant period. This decision provides clarity for taxpayers managing their financial accounts.
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Investors encounter a regulatory vacuum regarding overseas equity investments because foreign stocks fall outside domestic market regulator jurisdiction, according to industry expert Sandeep. The observation follows controversies surrounding the Stockal platform.
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Tax authorities cannot enforce deductions under section 14A when taxpayers earn zero exempt income during the financial period. This legal stance protects commercial entities from arbitrary tax additions on expenses when no tax-free receipts exist. Finance professionals must review past assessments to ensure compliance with this established judicial position.
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Inflation across the euro zone reached four percent for the first time in three years, primarily driven by energy price increases exceeding 20 percent in October. This price acceleration increases expectations of impending interest rate hikes by central monetary authorities.
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