Detailed analysis of Chandarani N. Goyal Vs ITO case where Mumbai ITAT ruled that money received as a security deposit, if refunded, is not taxable under section 56(2)(vii)(a) of the Income… Read More

In Chandresh P. Thakker vs National Faceless Assessment Centre case, Mumbai ITAT allows commission expenses if supported by evidence of services rendered by commission agents and income show… Read More

Mumbai ITAT clarifies that action under section 153C can't be based solely on survey material. Detailed analysis of the case and its implications. The post Action under Section 153C cannot b… Read More

ITAT Mumbai overturns AO's addition of Rs. 80 Lakh against mere Rs. 50,000 share capital infusion, ruling in favor of taxpayer's proof of subscriber genuineness. The post No Section 68 Addit… Read More

Bombay High Court nullifies GST demand on ocean freight from outside India citing ultra vires notification. Detailed analysis and conclusion provided. The post Bombay HC Invalidates GST Dema… Read More

Supreme Court ruling clarifies legal heirs' non-liability for firm debts after partner's demise. Detailed analysis & judgment overview. The post Deceased Partner’s Heirs Not Liable… Read More

CESTAT Delhi's ruling favors Indian Airlines Ltd, excluding freight & insurance from duty calculation for ATF consumed in aircraft fuel tanks. Full text of the order provided. The post F… Read More

Learn about the ruling by ITAT Kolkata stating no deduction can be claimed if employees' contributions deducted from salaries were not paid to PF & ESI accounts. Full order analysis prov… Read More

Indian Oil Employees Welfare Cooperative Society Ltd. vs ACIT (ITAT Mumbai) case discusses the eligibility of cooperative society interest income under section 80P. Read the detailed analysi… Read More

Read the Kerala High Court judgment on failure to submit proper GST documents. Detailed analysis and conclusion on Dileep Divakaran Vs State Tax Officer case. The post Failure to Respond to… Read More

Explore the updated guidelines of the RBI's Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM) for promoting poverty reduction through SHGs and financial services. Th… Read More

Explore RBI's guidelines on credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs) through the Master Circular, ensuring inclusive financial access. The post RBI Guidelines… Read More

Stay updated with RBI's latest circular on amendments to the Weapons of Mass Destruction Act compliance. Ensure meticulous adherence to regulatory changes. The post RBI Circular: Amendments… Read More

Understand RBIs Key Facts Statement (KFS) for loans & advances. Learn about APR, fees, charges, and borrower empowerment The post RBI Guidelines: Key Facts Statement (KFS) for Loans &amp&hell…Read More

Discover the legal provisions and procedural intricacies of converting a Private Limited Company into a One Person Company (OPC) in India for streamlined compliance and operational efficienc… Read More

Explore the worthiness of investing in NPS under Section 80CCD deduction for salary individuals/HUFs. Learn about tax benefits, registration process, and investment options. The post Is NPS… Read More

Discover ITAT ruling in case of DCIT Vs Brahmaputra Infrastructure Limited, where assessee qualifies for telescoping benefits against undisclosed income. The post ITAT Ruling: Assessee Eligi… Read More

Explore the holistic approach to right issues, including procedural intricacies and income tax implications. Learn the entire process and regulatory compliance. The post Right Issue: Procedu… Read More

Explore why India lagged behind China despite a higher GDP in 1980. Uncover the economic dynamics shaping their trajectories and the imperative for India's global competitiveness. The post W… Read More

Delve into AIS, TIS, and Form 26AS to discern if they aid or perplex the taxpayer. Learn about their contents, differences, and the need for simplification. The post Multiple Data provided b… Read More

Explore the need for clarification or amendment to Section 78 of the GST Act regarding recovery proceedings. Learn about the challenges faced by taxpayers and the potential solutions. The po… Read More

Discover the latest DGFT notification imposing port restrictions on exporting essential commodities to the Republic of Maldives for 2024-25. Learn more. The post Export of Essential Commodi… Read More

Learn about Indias onion export expansion to Sri Lanka & UAE under HS code 0703 10 19, its implications, and market insights. The post Export of Onions (under HS code 0703 10 19) to Sri… Read More

Ministry of Finance announces amendment in customs tariff values through Notification No. 29/2024-CUSTOMS, effective from April 16, 2024. Detailed analysis of revised tariff values provided… Read More

Get the latest update: Central Board of Indirect Taxes and Customs increases SAED on production of Petroleum Crude to Rs. 9600 per tonne from April 16, 2024. The post SAED on Petroleum Crude… Read More

Stay updated with the latest initiatives and achievements of the Government of India's Ministry of Finance, Department of Revenue, and Central Board of Indirect Taxes & Customs. Learn ab… Read More

Learn the process and benefits of converting a private limited company to a public limited company under the Companies Act, 2013. Contact the author for further clarification. The post Proce… Read More

Explore the exemptions and deductions allowed under the new tax regime for FY 2023-24 (AY 2024-25). Learn about the options available to taxpayers and make informed decisions to optimize tax… Read More

Explore Section 119(2)(b) of the Income Tax Act, allowing CBDT to condone delays in ITR filing due to genuine hardships. Learn process, time limits, and case laws. The post Condonation of De… Read More

Delve into the nuances of Provident Fund (PF) and Employee State Insurance Corporation (ESIC) schemes in India. Learn about eligibility, contributions, benefits, and withdrawal rules for bot… Read More

Explore the propositions related to taxation in ancient Indian texts like the Bhagavad Gita, Mahabharata, and Ramayana. Discover insights into dharma, charity, fairness, and just governance… Read More

Explore the debate surrounding Artificial Intelligence (AI) and its impact on Company Secretaries. Discover the roles of Company Secretaries and weigh the pros and cons of AI integration in… Read More

GST impact on credit note issued considered as ITC and shown in wrong tables. No revenue loss. Madras HC quashed the order and directs the authority to properly consider the taxpayer’s… Read More

Discover how the Orissa High Court ruled in favor of BPD Steel Syndicate Pvt. Ltd. vs Union of India, allowing a stay on recovery proceedings due to the non-constitution of the Appellate Tri… Read More

Explore how Madras High Court quashed Assessment Order when Assessee incorrectly reported turnover in GSTR-1 but correctly in GSTR-3B. Full analysis & implications. The post Assessment O… Read More

Manyata Reallty Vs Registrar National Company Law Tribunal (Karnataka High Court) The legal landscape surrounding insolvency and bankruptcy has witnessed significant developments in recent y… Read More

Explore Corporate Social Responsibility (CSR) obligations under Section 135 of the Companies Act, 2013. Learn about spending requirements, committee composition, penalties, and impact assess… Read More

The objective of this article is to show you the practical path to achieve financial freedom and to discuss the importance of preparing a monthly family budget. The article is divided into t… Read More

SEBI issues guidelines for draft offer documents, outlining requirements for presentation, returning, and resubmission. Ensure compliance and transparency for smoother processing. The post S… Read More

Discover why valuation services are crucial for Chartered Accountants & professionals. Learn about the scope, significance, and certification provided by ICAI. The post Valuation Service… Read More

Once it is seen that the disclosure was not full and truthful, the ITSC loses its jurisdiction to entertain such an application as well as to provide any immunity to the applicant from prose… Read More

Understand the RBIs directive for commercial banks to shift statutory return submissions from XBRL Portal to CIMS Portal. Learn about the transition process and timelines. The post RBI CIMS… Read More

Learn about RBI's latest circular permitting resident entities to hedge gold price risk using OTC derivatives in IFSC, enhancing flexibility for risk management. The post Hedging of Gold Pri… Read More

In a case against Syngenta Crop Protection Pvt Ltd, Madras HC directs disposal of refund petition concerning TNVAT Act interest calculation. Full judgment provided. The post Madras HC Orders… Read More

Read the full text of the judgment/order by Madras High Court quashing an assessment order due to procedural irregularities. Learn about contesting tax demand with 10% pre-deposit. The post… Read More

Understand the implications of unexplained expenditure as Hyfun Foods challenges an addition of Rs. 95,47,000/- under section 69 of the Income Tax Act. Detailed analysis and verdict included… Read More

Delhi High Court mandates re-adjudication of flawed GST assessment order due to failure to consider detailed reply of assessee. Read the full judgment here. The post GST: Delhi HC Orders Re… Read More

Delhi High Court sets aside demand order under Section 73 of CGST Act, citing absence of prior show cause notice. Detailed analysis of the judgment provided. The post Delhi HC set-aside CGST… Read More

Discover how Madras High Court provides a chance for Tvl. Shriniwas Impex to contest penalty despite lacking E-way bills or lorry receipts. Full text judgment included. The post Madras HC Gr… Read More

Understand Section 115BAC of the Income Tax Act, 1961, and its implications for taxpayers. Explore the new tax regime, its provisions, exemptions, and deductions, helping you make informed d… Read More

Learn from the Telangana High Courts judgment in Rays Power Infra Pvt. Ltd. v. Superintendent of Central Tax that paying tax liability with interest before receiving a show cause notice prev… Read More

Delve into the realm of corporate guarantees in the GST domain. Learn about their nature, GST applicability, and implications for Indian and foreign entities. The post Insights into Corporat… Read More

Delve into the detailed analysis of the Bombay High Court judgment in Hydro Pneumatic Accessories India Pvt. Ltd. vs Assistant Commissioner of State Tax, highlighting violations of natural j… Read More

Learn about gender-specific infrastructure facilities mandated for customs service providers under HCCAR 2009, fostering inclusivity and empowerment. The post Gender-Specific Infrastructure… Read More

Learn how the Ministry of Corporate Affairs penalizes Dice Enterprises P. Ltd. for non-filing of MGT-14 under Section 117(1) of the Companies Act, 2013. The post Non-Filing of MGT-14: MCA Im… Read More

Discover the comprehensive guide to secretarial audit, covering its applicability, scope, professional responsibility, and who can conduct it. Ensure compliance, transparency, and corporate… Read More

Rajasthan High Court directed that no further GST recovery proceedings would ensue if the petitioner adhered to payment conditions outlined in Section 112(8) of the Act. However, the petitio… Read More

Explore the detailed order disposing of the show cause notice against M/s Pathak H.D. & Associates, CA Parimal Kumar Jha, and CA Vishal D Shah for professional misconduct in the audit of… Read More

Explore the Supreme Court interpretation of Section 194-H of the Income Tax Act, 1961, analyzing the distinction between commission-based principal-agent relationships and discount-based sal… Read More

Discover the Maryada of taxation for businesses in India, covering Income Tax and GST thresholds. Ensure compliance and avoid legal troubles with these essential limits and provisions. The p… Read More

Detailed analysis of the Delhi High Court judgment in Biba Fashion Ltd. vs. Govt of NCT of Delhi case, highlighting flaws in the order and remittal for re-adjudication. The post Delhi HC Set… Read More

Delhi High Court quashes order in Jullundur Motor Agency Delhi Limited vs. Union of India & Ors. Taxpayer's detailed reply not considered; court emphasizes the importance of seeking clar… Read More

Explore the complexities of cross-empowerment in GST as notices and proceedings blur jurisdictional lines. Delve into the decisions, debates, and implications surrounding this burning issue… Read More

In the nineteenth century, gold fever gripped the area as prospectors rushed to strike it rich in the gold mines of California, Australia, and South Africa. Fast ahead to the 21st century, a… Read More

The upward push of cryptocurrency has catalyzed a transformative motion closer to what a few calls the "Internet of Value"—a decentralized environment where digital assets represent, s… Read More

ITAT Bangalore held that non-registration of will doesn’t lead to any inference against its genuineness. Thus, jewellery inherited from mother in law based on non-registered will be ca… Read More

Read the detailed analysis of Madras High Court's judgment in Richards & John Wesley Engineers Pvt Ltd. Vs Principal Chief Commissioner of GST & C.EX case, emphasizing compliance wit… Read More

Have you got an intimation in DRC-01C under Rule 88D for ITC mismatch between GSTR-2B and GSTR-3B? Understanding the reasons and how to respond       &nbsp&hell…Read More

The issue involves a subscription amount of Rs. 1 Crores, with a dividend rate of 0.10% over a tenure of 20 years. This brief examines the tax implications and regulatory considerations unde… Read More

The Income Tax Act's Section 80, which gives taxpayers several deductions to lower their taxable income, is one of its most important parts. Since its enactment, Section 80 has undergone mul… Read More

Here we will discuss few of the consequences of non-filing or delay in filing of ITR when you are liable to do so under the Income-tax Act (“the Act”) which will lead to paying h… Read More

GST: First appeal of petitioner cannot be rejected for on the ground that the certified copy of the order passed under Section 74 of the Act was not annexed to the appeal The post Non-Submis… Read More

In Med-Link Devices Pvt Ltd vs DCIT case, ITAT directs re-adjudication as taxpayer fails to provide detailed expenditure of Rs. 35.2 lakhs claimed as business promotion expenses. The post Al… Read More

Read the detailed analysis of ITAT's decision directing TDS exemption verification for FSL Projects Limited Vs DCIT. Full text available. The post ITAT Directs TDS Exemption Certificate Veri… Read More

Madras High Court sets aside an order confirming Input Tax Credit (ITC) demand against Sanjai Gandhi without providing him a reasonable opportunity, directing a remand with conditions. The p… Read More

Kerala High Court dismissed appeal challenging tax assessment on compounded basis for over-the-counter liquor sales during Covid-19, citing concession given to bar attached hotel owners. The… Read More

Read the detailed analysis of the Madras High Court's judgment restraining the department from appropriating interest liability against Eicher Motors until the appellate court takes up the m… Read More

Delhi High Court rules in favor of Fresenius Medical Care India, setting IGST at 5% for dialysis machine imports under HSN code 90189031. The post Delhi HC directs 5% IGST rate on Dialysis M… Read More

Bombay High Court directs disciplinary action against AO for not deciding on an individual's rectification application for six years under the Income Tax Act. The post Bombay HC Directs Disc… Read More

Delhi High Court modifies retrospective cancellation of GST registration in Rajat Kapoor Vs Commissioner case. Analysis of the judgment provided. The post Delhi HC Modifies Order as No Oppor… Read More

Read the detailed analysis of S M J Marble & Granite Vs Assistant Commissioner (ST) at Madras High Court. Learn how the court's decision impacts proceedings due to the alleged failure of… Read More

Delhi High Court sets aside an order denying Input Tax Credit (ITC) due to non-submission of documents not requested, directing re-adjudication. The post HC Sets Aside ITC Denial for Non-Sub… Read More

Kerala High Court directs the State Tax Officer to dispose of a CGST rectification application within two weeks, addressing a failure to consider rectification under the CGST Act. The post K… Read More

Detailed analysis of Deccan Value Investors L.P. & Anr vs. Dinkar Venkatasubramanian & Anr case. Supreme Court prohibits withdrawal or modification of resolution plans after Committe… Read More

Delhi High Court quashes GST Show Cause Notice (SCN) for Maple ODC Movers Pvt. Ltd. due to incorrect upload, granting an opportunity for response. The post GST SCN uploaded under ‘add… Read More

Read the detailed analysis of Madras High Court's decision quashing an audit order due to non-consideration of petitioner's reply. Understand the implications and legal precedents. The post… Read More

Delhi High Court directs Manpowergroup Services India Pvt. Ltd. to respond to show cause notices regarding irregular input tax credit within 30 days. Full judgment provided. The post Delhi H… Read More

Delhi High Court orders re-adjudication after finding the denial of excess Input Tax Credit (ITC) claim without stating reasons unjust. Full judgment analysis provided. The post ITC Denial:… Read More

In this article, we delve into the transformative journey post-implementation of the RERA Act 2016, examining the key changes, challenges, and opportunities that have emerged. From the persp… Read More

The best tribute that Centre must pay to him is to ensure that India becomes a casteless society and so also ensure that there is absolutely no discrimination on ground of caste, creed, reli… Read More

Learn about the income tax declaration process for employees, including Form 2BB submission, importance, and verification of supporting documents. Explore common tax-saving investments and u… Read More

Understand the latest tax amendments with the new default scheme under section 115BAC. This comprehensive guide simplifies the procedures, forms, and eligibility criteria for seamless tax co… Read More

Analysis of the judgment by Allahabad High Court in Mahaveer Trading Co. vs Deputy Commissioner regarding tax assessment order under Uttar Pradesh GST Act. The post Section 75(4) of GST Act… Read More

Explore the Rajasthan High Courts notice in the case of Newage Laminators Pvt Ltd vs Union of India challenging the vires of section 7 TOLA. Stay informed about this legal challenge The post… Read More

Delhi High Court held that denial of input tax credit in respect of services where GST is payable on reverse charge basis, cannot by any stretch be held to be irrational and arbitrary. Thus… Read More

Stay updated on GST portal advisories! Learn about e-invoicing requirements, HSN auto-population, and GSTR-3B refiling. The post Latest GSTN Advisories: E-Invoicing, HSN Auto-Population &amp&hell…Read More

Dive into the nexus between Electoral Bonds and money laundering in India, exploring legislative challenges, compliance requirements, and recent developments. The post Unveiling the Connecti… Read More

Learn how to set up a Nidhi company, from name selection to obtaining a Certificate of Incorporation, along with essential compliance steps and required documents. The post Setting Up of Nid… Read More

Understand Form 10AB under the Income-tax Act, 1961 for renewing or obtaining tax exemption benefits for trusts/NGOs. Learn about timelines, required documents, and the filing process. The p… Read More

Explore the intricate details of different heads of income, including salaries, and their tax implications. Gain insights into tax treatment, exemptions, and key considerations for various f… Read More