KNOWLEDGE HUB
Patents: Meaning, Importance, and Legal Framework
1. Introduction A patent is a property right granted by a sovereign authority to an inventor for a designated period in exchange for a comprehensive public disclosure of the invention. Patents encourage innovation by rewarding creativity while ultimately benefiting...
Mutual Funds “A Gateway To Smart Investing”
Mutual Fund: A Smart Way to Grow Your Money In today’s fast-changing financial world, saving money alone is not enough. To beat inflation and achieve long-term financial goals, investing wisely is essential. One of the most popular and effective investment options is...
FAQ on Patents
What is Patent? A patent is an exclusive right granted for an invention, which is a product or a process that provides, in general, a new way of doing something, or offers a new technical solution to a problem. It gives an inventor of a particular thing, the exclusive...
latest income tax news updates from India & globally
latest income tax news updates from India & globally (as of 31 Dec 2025) — covering policy changes, deadlines, department actions, and taxpayer issues: India: Key Income Tax Developments: • Belated/Revised ITR Filing Deadline: The final due date for filing belated or...
Latest GST News & Notifications (India, 2026)
1) Major GST Notifications – Tobacco & Sin Goods Taxation Update New GST + Excise Structure (Effective from 1 Feb 2026): The Government of India has issued official CBIC notifications revising GST treatment on tobacco products, pan masala and similar items....
Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises (MSMEs)
RBI/2015-16/338 FIDD.MSME & NFS.BC.No.21/06.02.31/2015-16 March 17, 2016 All Scheduled Commercial Banks (Excluding RRBs) Madam / Sir, Framework for Revival and Rehabilitation of Micro, Small and Medium Enterprises (MSMEs) In order to provide a simpler and faster...
ITAT Chandigarh Decision Us 36(1)(va) allowed deduction on late payment of PF/ESI Read with sec 43(B)
IN THE INCOME TAX APPELLATE TRIBUNAL, CHANDIGARH BENCHES, “SMC” CHANDIGARH BEFORE: SHRI. N.K.SAINI, VICE PRESIDENT / ITA No.221/Chd/2021/ Assessment Year : 2019-20 M/s Supermech Infrastructure Private Limited Vs ADIT, CPC Bangalore and AO- ITO Ward 2(1)...
ITAT Chandigarh Steel Strips Ltd Vs. DCIT Bad debts and Prior Period expenses allowed as deduction.
IN THE INCOME TAX APPELLATE TRIBUNAL, CHANDIGARH BENCH “B”, CHANDIGARH BEFORE: SHRI. N.K.SAINI, VP & SHRI , SANJAY GARG, JM / ITA NO. 1000/Chd/2019 / Assessment Year : 2016-17 M/s Steel Strips Wheels Ltd. Vs The DCIT /Date of Pronouncement: 29/01/2020 Order PER...
ITAT Chandigarh Order Noor Resorts Pvt. Ltd. Vs. The Pr. CIT Himachal Pradesh.
IN THE INCOME TAX APPELLATE TRIBUNAL, CHANDIGARH BENCH “A”, CHANDIGARH BEFORE: SHRI. N.K.SAINI, VP & SHRI , R.L. NEGI, JM ./ ITA NO. 309/Chd/2020 / Assessment Year : 2015-16 Noor Resorts Private Limited Vs. The Pr. CIT...
SC order on Loan Moratorium
The Supreme Court on Tuesday rejected the pleas from various trade associations and corporate bodies to extend the six-month loan moratorium period offered by the Reserve Bank of India (RBI), adding that a complete waiver of interest during the moratorium could not be...