Detailed guidelines from the Central Board of Direct Taxes for the interim action plan FY 2024-25. Learn about key result areas, timelines, and compliance measures. The post Interim Action P… Read More

Understand the procedures for voluntary tax compliance under Sections 73 and 74 of the KSGST Act, 2017. Detailed analysis of Circular No. 6/2024 by the Office of the Commissioner. The post N… Read More

Learn about the latest directive from the Ministry of Finance regarding joint audits by CGST and SGST officers. Understand the framework, its significance, and how it strengthens compliance… Read More

Explore the Supreme Courts judgment on condonation of delay in the case of Union of India vs Jeejeebhoy. Delve into the analysis, principles, and implications for future cases. The post SC O… Read More

Explore the dire consequences of DGFTs inefficiency in issuing SCOMET licenses. Learn how delays are harming exporters and undermining national interests. The post DGFT: Abject Failure to co… Read More

Stay ahead with our comprehensive guide on Financial Year End GST Checkpoints for 2024. Dont miss critical compliances and avoid penalties. Read now! The post Financial Year end GST Checkpoi… Read More

Explore nuances of shareholder control under Companies Act 2013, distinguishing between de jure and de facto elements. Delve into legal provisions, contractual rights, and judicial interpret… Read More

Article titled Taxability of services associated with Agricultural Produce under GST Law taking into account notifications, advance rulings, and court orders concerning the same. The post Ta… Read More

Through a comprehensive exploration of ULIP & LIC taxation under the Income Tax Act, readers will gain valuable insights into optimizing their investments while ensuring compliance with… Read More

In Eco Plus Steels Pvt. Ltd. vs State of U.P., the Allahabad High Court rejects confiscation & penalty based on estimation, citing lack of physical verification & undue delay. The po… Read More

Learn about a landmark judgment by the J&K HC, stating the District Magistrate's power to revoke detention orders before government approval. Upholds constitutional rights. The post Dist… Read More

Easily compare new & old income tax regimes for FY 2024-25 with our simplified calculator. Understand CTC, exemptions, and make informed decisions. Contact us for queries! The post New v… Read More

Understand the latest amendments impacting Charitable Trusts from April 1, 2024. Learn about amendments in Section 11 of the Income Tax Act, corpus donations, deductions, and audit report re… Read More

Discover the jurisdictional limits of the Superintendent in tax orders, as highlighted by a recent ruling by the Allahabad High Court in the case of Mansoori Enterprises v. Union of India. T… Read More

Discover the classification of services provided under an EPC contract with M/s Vedanta Limited by the Rajasthan AAAR, upheld under SAC Heading No. 9954. The post Sulphate removal plant Cons… Read More

Learn about filing an Income Tax Return for FY 2023-24, especially for salaried employees. Understand key points and misconceptions to ensure accurate filing and avoid issues with the IT dep… Read More

This type of black money primarily originates from illegal cash transactions. These funds often end up in foreign banks, making it extremely difficult for Indian authorities to retrieve due… Read More

Explore the detailed analysis and conclusion of the GST AAAR Tamil Nadu ruling regarding the correct classification of clear float glass under CTH 7005 1090. Understand the key arguments, fi… Read More

Read the full text of the ruling by Authority for Advance Ruling, Tamil Nadu regarding GST implications on service charges, wages, and related payments by First Choice Outsourcing Services… Read More

Dive into the detailed analysis of Virat Agencies Vs State of U.P. case from the Allahabad High Court, covering objections, violation of natural justice, and the final verdict. The post HC S… Read More

Explore detailed guidelines & procedures for verifying high-risk refund cases using Insights investigation tool. Learn how to navigate, assign cases, submit reports & more. The post… Read More

Discover how jurisdictional assessing officers verify high-risk refund cases with Insight Instruction No. 77. Learn the SOP and step-by-step guidance. The post Functionality for Verification… Read More

Discover how TDS charge officers verify high-risk refund cases using Insight Instruction No. 76. Learn about the SOP, steps, and feedback process. The post Functionality for Verification of… Read More

Discover what ABHA is, its benefits, how to enroll, and debunked myths. Learn about digital health records and the CGHS integration process. The post Ayushman Bharat Health Account (ABHA) &n&hell…Read More

Explore the legal battle between Prem Kumar G. and Mrs. T. Karpagavalli before the Competition Commission of India. Analysis reveals disciplinary proceedings over an allegedly unauthorized c… Read More

Explore the legal battle between Buchi Ramarao Valury and Covai Property Centre (India) Private Limited before the Competition Commission of India regarding alleged contravention of competit… Read More

Discover Central Bank's Cent CA/CS/CMA scheme, offering attractive interest rates for finance professionals. Eligibility, benefits, and contact details provided. The post Central Bank of Ind… Read More

Check the latest amendment by Ministry of Commerce & Industry, allowing free import of Melon Seeds from May 1, 2024, with specific conditions. The post Amendment in Import Policy Conditi… Read More

SEBI seeks public input on easing AIF PPM update norms. Explore proposed changes, exemptions, and how to contribute. Deadline: April 26, 2024 The post SEBI Draft Circular on Requirement… Read More

Discover SCORES 2.0, the new technology by SEBI enhancing complaint redressal for investors. Learn how it works and its implications for listed entities. The post SCORES 2.0: Strengthening S… Read More

Learn about RBI's exclusion of Kapol Co-operative Bank from the Second Schedule to the RBI Act, 1934, impacting commercial and co-operative banks. The post RBI Excludes Kapol Co-operative Ba… Read More

Learn about the amendment to No. 64/2023-Customs allowing duty-free imports of yellow peas with bill of lading issued by June 30, 2024. The post Amendment in Import Policy to Allow Duty-Free… Read More

Discover the latest circular from IFSCA easing fund launches under new regulations. Learn about filing requirements and disclosures for fund management entities. The post IFSCA Guidelines 20… Read More

RBI Press releases dated 05th April 2024 containing RBI Governor’s Statement, Statement on Developmental and Regulatory Policies and Monetary Policy Statement, 2024-25 Resolution of th… Read More

Stay updated with the latest notification from the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes regarding income tax return verification. Read more for details… Read More

Understand the implications of Jaiprakash Industries Ltd. vs Delhi Development Authority judgment on leasehold rights transfer post-amalgamation/merger and the liability for unearned increas… Read More

Frequently Asked Questions on Unique Document Identification Number (UDIN) (Updated as on March 30, 2023) Q.1 What is Unique Document Identification Number (UDIN)? What is the objective of U… Read More

In which scheme shall I get my TDS deducted? Old Vs New Tax Regime and impact of Budget 2023! This is most important question, on which all the taxpayers are in doubt, today I am writing an… Read More

Explore the judgment of Vel Steel Tubes vs. Asst. Commissioner (ST) from Madras High Court, addressing the necessity of a personal hearing in GST assessment cases. The post Personal Hearing… Read More

Review the judgment of Poddar Trading Company vs. Commissioner from Allahabad High Court regarding the challenge to penalty orders under the Uttar Pradesh Goods and Services Tax Act. The pos… Read More

Review the judgment of Modine Thermal Systems Pvt. Ltd. vs. Joint Commissioner from Madras High Court regarding the challenge to an assessment order related to the classification of oil cool… Read More

Review the judgment of Nitya Enterprises Hathidah vs. State of Bihar through the Commissioner from Patna High Court regarding the cancellation of registration under the Bihar GST Act. The po… Read More

Explore the judgment of Sri Kumaran Steels vs. Deputy State Tax Officer from Madras High Court, highlighting discrepancies in GST assessment and the remand for reconsideration. The post Fail… Read More

Read the judgment of Mahant Steel vs. State of Gujarat from Gujarat High Court, addressing detention of goods under GST Act and dismissal of petition for redressal. The post HC dismisses pet… Read More

Review the judgment of PAV Warehouse vs. Assistant Commissioner (ST) from Madras High Court regarding the challenge to cancellation of GST registration due to lack of clarity in show cause n… Read More

Read the detailed analysis of Golden Mandir Retail Pvt. Ltd. Vs Asst. Commissioner (ST) (FAC) judgment from Madras High Court regarding tax discrepancies in textiles & Hyundai Motor Vehi… Read More

Read about the amendment in import policy conditions for Yellow Peas under ITC(HS) Code 07131010 by the Government of India's Ministry of Commerce & Industry The post Extension in import… Read More

Explore the prudential rules governing International Banking Units (IBUs) in IFSC, covering capital requirements, risk management policies, and regulatory compliance. The post The IFSCA Bank… Read More

International Financial Services Centres Authority The IFSCA Banking Handbook Conduct of Business Directions- v 6.0 (COB) Purpose: The COB directions are aimed at ensuring that IFSC Banking… Read More

Understand the legal framework, regulations, and licensing requirements outlined in the IFSCA Banking Handbook General Directions Version 5.0. The post The IFSCA Banking Handbook General Dir… Read More

Discover the latest amendments to the IFSCA Banking Handbook 2024. Learn about changes in licensing, conduct of business, and prudential directions for banking units. The post Amendments and… Read More

ITAT Delhi in case of KBC India Pvt. Ltd. vs. ITO held that equity shares were allotted by the assessee to its holding company at premium and in such a scenario no addition can be made u/s 5… Read More

Explore the ITAT Delhi ruling on valuation of shares in DCIT Vs Hometrail Buildtech Pvt. Ltd. case for Assessment Year 2015-16. Analysis, implications, and conclusions discussed. The post AO… Read More

The Comprehensive Analytics on E-Way Bill provides all the analytics and reports provided under one umbrella. The reports are spread out on the screen in one glance. This will help the offic… Read More

Explore the Supreme Court judgment in State of Maharashtra vs. National Organic Chemical Industries Ltd. regarding stamp duty refund on share capital increase. The post SC allows refund of S… Read More

Commissioner of C.E. & S.T.-Surat-i vs J K Motors case analyzed: Service tax not leviable on CNG kit installations without separate invoices. Detailed review of CESTAT Ahmedabad's decisi… Read More

In the case of Vidya Herbs Pvt Ltd vs Commissioner of Customs, the CESTAT Bangalore ruled on the denial of benefits for coffee beans import under a notification. Get the full analysis here… Read More

Notification No. 03/2023 by DGFT permits export of essential commodities like eggs, rice, and sand to Maldives for 2024-25, exempting from restrictions. The post Supply of essential commodit… Read More

Learn the effects of currency appreciation & depreciation on exports. Understand how currency shifts influence international trade dynamics. The post Impact of Currency Appreciation and… Read More

In Uttam Narayanmal Mehta S K Metal Vs ITO case, ITAT Mumbai directs AO to re-adjudicate mistake in ITR filing regarding double taxation of profit. The post ITAT Mumbai Directs AO to Re-adju… Read More

Learn about a Delhi HC ruling entitling taxpayers to 6% interest on delayed GST refunds under Section 56 of the CGST Act. Case analysis and implications discussed. The post Interest Entitlem… Read More

Understand the implications of GST on lump sum upfront premiums for leasehold rights transfer. Learn the ruling and its impact on businesses. The post GST Applicable on Lump Sum Upfront Prem… Read More

Understand the potential of Section 80CCD New Pension Scheme and maximize your tax savings. Learn about deductions for employees and employers, practical examples, and more. The post Underst… Read More

Dear All, This Utility is provided to you for easily import Bank Statement into Tally with the Desired Ledger and narration. Just copy and paste data into the excel file and paste Helping ha… Read More

In Brijbihari Concast Pvt. Ltd. Vs Directorate General of GST Intelligence, Delhi HC directs disposal of objections to provisional attachment under Section 83 of the CGST Act within two week… Read More

NCLT Mumbai set aside the resolution plan submitted by the respondent as Resolution Professional withhold the information of Resolution Applicant, being declared as wilful defaulter prior to… Read More

Understand SEBI regulations for listed entities & avoid penalties. Learn about filing returns with BSE, due dates, and exemptions. The post SEBI Compliance Calendar for the Month of May… Read More

Bombay High Court held that retrospective legislation cannot deprive a person of an accrued right vested in him under a statute or under the Constitution. The post Vested right of person can… Read More

Kerala High Court dismisses writ petition challenging assessment order under KVAT Act, citing availability of statutory remedy. Full judgment analysis. The post Kerala HC Dismisses Writ Peti… Read More

Learn about stamp duty on gift of shares under the Companies Act 2013. Discover legal interpretations, rules, and exemptions applicable in Maharashtra. The post Stamp Duty on Gift of Shares… Read More

Delhi High Court directs cus-toms authority to reassess Technology Next's bill of entry, granting refund of excess duty. Details of the case and judgment. The post Delhi HC Directs Disposal… Read More

In the case of Ketan Prabhulal Dalsaniya Vs DCIT, ITAT Indore rules that once the business income of the wife is accepted during scrutiny, the AO cannot tax the husband again, stating the wi… Read More

Bangalore ITAT remits the case back to the AO for fresh consideration, citing enhancement made to taxpayer's income without following procedures under Sec 154. The post Vague order in violat… Read More

Indore ITAT ruling in Mohammad Ibraheem Khatri vs ITO case highlights that depositing cash after demonetization is not a reason to doubt cash availability. The post Mere demonetization canno… Read More

In the case of Mohd Shahid Mohd Yusuf Qureshi Vs DCIT (ITAT Mumbai), an ex-parte order was remanded due to denial of proper opportunity. Full analysis here. The post Ex-Parte Order Remanded… Read More

Naresh Chandra Kalwani Vs PCIT case discusses excess stock, business assessment, and the applicability of section 69/69A/115BBE under Income-tax Act. The post Section 69/69A/115BBE not appli… Read More

Check updated exchange rates for foreign currencies into Indian rupees under Customs Notification No. 27/2024 effective from April 5, 2024. Stay informed for import and export transactions… Read More

ITAT Mumbai deletes addition on whole amount from sale of shares in Nikunj Kaushik Shah Vs ITO case, criticizing unwarranted litigation, incompetence & casual approach  The post ITA… Read More

Learn how SEBI secured ISO/IEC 27001:2022 certification for its Information Security Management Systems, reinforcing its commitment to cyber resilience and operational excellence. The post S… Read More

Explore transition from Relevant Turnover to Global Turnover under Competition (Amendment) Act, 2023 in India. Analyze penalties' rationale and impact, navigating through legal interpretati… Read More

Delhi High Court held that benefit of deduction under section 80IC of the Income Tax Act available even in case of addition of unsubstantiated share capital into the account of the assessee… Read More

Detailed analysis of Smit Dipen Shah's bail application under Section 439 of CrPC in a GST Act case before Gujarat High Court. Understand the allegations, arguments, and court's decision. Th… Read More

Explore the Jharkhand High Court judgment on Abdul Satar appeal for revoking GST registration cancellation under Section 30 of CGST Act due to failure in filing returns. The post HC allows f… Read More

Get permission to visit CRC Delhi for GST registration clarifications. General public, advocates, and CAs welcome between 3-4 PM every Monday & Thursday. The post Visit CRC Delhi for GST… Read More

ITAT Mumbai held that disallowance made u/s. 14A of the Income Tax Act read with rule 8D deleted as tax free funds were more than investment made on which exempt income was earned. The post… Read More

ITAT Delhi held that TDS is required to be deducted under section 192 of the Income Tax Act on the reimbursement of LTC (Leave Travel Concession) /LFC (Leave Fare Concession) and HTC (Home T… Read More

ITAT Mumbai held that addition u/s. 68 of the Income Tax Act by treating transaction of sale of shares of Sunrise Asian as a bogus penny stock unsustainable as material on records supports g… Read More

Explore the Madras High Court judgment on challenging a bank attachment notice over GST interest liability. Detailed analysis and terms of settlement provided. The post Madras HC allows&nbsp&hell…Read More

Explore Section 16 of the CGST Act 2017 regarding Input Tax Credit eligibility & conditions. Learn from a Madras High Court judgment how reversal of ITC affects assessment orders. The po… Read More

CBDT has facilitated taxpayers to file their Income Tax Returns (ITRs) for the Assessment Year 2024-25 (relevant to Financial Year 2023-24) from 1st April, 2024 onwards. The post Functi… Read More

Article explains legal intricacies surrounding GST applicability on hostel accommodation, exploring definitions, legal precedents, and exemptions. Gain clarity on this complex issue. The pos… Read More

Article explains how GST department's pursuit of GST on exit-load charges is unsettling settled landscape of mutual funds. Understand implications and history of mutual funds in India. The p… Read More

Article explains importance of year-end GST reconciliations, understand GSTR-1, GSTR-3B, and streamline your tax filing process The post Year-End GST Reconciliations: A Comprehensive Guide a… Read More

Article explains some intricacies and issues surrounding Pre-Shipment Export Finance (PSEF), particularly focusing on Pre-Shipment Export Credit (PSEC) and Running Account Packaging Credit… Read More

Discover how to lift a bank account freeze due to company strike off. Learn the steps under Companies Act, 2013, to restore your business operations and avoid penalties. The post Bank Accoun… Read More

Learn common mistakes in Income Tax Return (ITR) filing: Incorrect forms, missing income, late filing. Avoid penalties and ensure accurate tax compliance. The post Common Mistakes to Avoid W… Read More

ITAT Mumbai rules no addition under section 68 based on turnover declared under section 44 AD of Income Tax Act for Kalpesh Kantilal Gada. Detailed analysis and order explained. The post No… Read More

Read about Rajesh Laxmikanth Varnerkar Vs ITO (ITAT Bangalore) case where the assessee couldn't reach the tax consultant due to business dislocation, leading to a remand order under section… Read More

Read the full text of the ITAT Bangalore order on Aijaz Ahmed Suri Vs ITO regarding demonetization deposits. Analysis and conclusion included. The post Demonetisation Cash Deposits: Assessee… Read More

In the ITAT Delhi case I.T.O Vs Placid Buildwell Pvt Ltd, the addition u/s 68 was deemed invalid as creditworthiness was proven. Detailed analysis here. The post Section 68 addition invalid… Read More