Read the detailed analysis of Madras High Court’s judgment quashing the DRC 07 Order due to mistakenly mentioning the same invoice number in multiple GST e-way bills. The post Mistaken… Read More

Kerala High Court dismisses writ petition citing availability of an alternative remedy before ITAT. Details of the case and judgment here. The post Kerala HC dismisses writ petition citing a… Read More

Delhi High Court dismisses writ petition challenging the quashing of a charge memo against a Commissioner of Income Tax, citing a 10-year delay and prejudice to the officer. The post Delhi H… Read More

Read about the challenge to CBIC instructions in Commissioner of Central Excise & Customs vs. Century Metal Recycling Pvt. Ltd. (CESTAT Delhi). Appeals below threshold heard on merits. T… Read More

Read about the ITAT Ahmedabad's decision in the case of Vivekkumar S Bhavsar vs ITO, where the matter was remanded back to the AO due to lack of cooperation from the assessee. A cost of Rs… Read More

The ITAT Delhi orders a review of the Institute of Company Secretaries of India's income tax exemption claim, sending the matter back for verification by the AO. The post ITAT Delhi Restores… Read More

Bharti Airtel's appeal for customs duty exemption on Battery Fuse Units dismissed by CESTAT Bangalore. Learn about the classification dispute and its implications. The post Bharti Airtel Los… Read More

Read about the Madras High Court's ruling in the case of Amarjyothi Carrying Corporation vs Assistant Commissioner (ST), where an error in GSTR-1 was rectified in GSTR 3B & GSTR-9, leadi… Read More

Delhi High Court dismisses Revenue's appeal, ruling photocopy of sale agreement insufficient evidence for income addition. Analysis & judgment explained. The post Addition based on mere… Read More

Country-by-Country Reporting (CbCR) is a crucial component of the transfer pricing documentation requirements introduced by the Organization for Economic Co-operation and Development (OECD)… Read More

Ahmedabad ITAT rules in favor of Mehsana Urban Co-op. Bank Ltd., stating AO's incorrect calculation isn't failure to disclose, thus invalidating assessment reopening beyond 4 years. The post… Read More

In the Indian tax system, deductions play a crucial role in reducing the taxable income of individuals. With the introduction of the new tax regime from April 1, 2023, there have been change… Read More

Madhya Pradesh High Court rebukes police officers for delaying probe and tampering with case diary after rejection of closure report. Analysis and implications. The post MP HC Condemns Manip… Read More

In the case of SVT Wholesale Pvt. Ltd. Vs JCIT, the ITAT Bangalore evaluates the penalty imposed under Section 271D for violating Section 269SS of the Income Tax Act, 1961. Learn about the l… Read More

Read a detailed analysis of the NCLT judgment in Tek Chand Narula vs Vatika Ltd. Understand the dispute over assured returns and the implications of the BUDS Act. The post Single Real Estate… Read More

Karnataka High Court considers income variations in compensation assessment. Detailed analysis of Jayashree Vs Mahaningappa & Others case with judgment highlights. The post Vehicle Accid… Read More

Read a detailed analysis of the case of DCIT vs. Flax Apparels Pvt. Ltd. where ITAT Ahmedabad ruled that Section 43B of the Income Tax Act, 1961 doesn't apply when payment precedes the claim… Read More

Read the full text of the ITAT Chandigarh's decision in the case of Manuj Jain HUF Vs PCIT. The assessment order was upheld, rejecting the Section 263 revision regarding demonetization cash… Read More

Read the detailed analysis of the Delhi High Court judgment upholding penalties under Sections 112(a) & 112(b) of the Customs Act on Rameshwar Tiwari for smuggling gold. The post Delhi H… Read More

Ahmedabad ITAT ruled that vehicles used for business purposes, even if owned by directors, are eligible for depreciation. Case analysis of Mukesh Trends Lifestyle Limited Vs DCIT. The post I… Read More

Chennai ITAT ruled that receiving a huge sale consideration in cash violates Sec 269SS, warranting penalty under Sec 271D. Case analysis of Nammalvar Lingusamy Vs ACIT. The post ITAT upholds… Read More

Delhi ITAT ruled that to claim capital gains benefit under Sec 54, taxpayers must acquire a residential house within three years from the date of old house transfer. Analysis of Mohan Lal Ja… Read More

Explore the illicit use of PANs in House Rent Allowance (HRA) claims, revealed by the Tax Department. Understand HRA conditions, case laws, and employer responsibilities. The post Tax Depart… Read More

Bombay High Court's landmark judgment mandates ending detention under MCOCA once prosecution sanction is denied. Analysis of Bail Application No.-210 of 2024. The post End Detention Under MC… Read More

Explore the latest guidelines issued by the Government of India's Ministry of Finance for CGST field formations, emphasizing compliance and ease of doing business. Learn about the procedures… Read More

Income Tax Faceless Appeals before CIT (A). How to deal with this appeal in new Faceless Regime. Get the Answer of many Questions in this Regime like 1. How to prepare for the appeal / compl… Read More

Explore the latest changes in Income Tax laws, including extinguishment of demands, return processing, form amendments, exemptions, and more. Stay informed with our detailed analysis. The po… Read More

Explore the comprehensive guide on replacing IPC, 1860 with Bharatiya Nyaya Sanhita (BNS) in India. Learn about its history, objectives, sections, and legal interpretations The post 181 FAQs… Read More

Raveendra M. Madrak Vs ITO (ITAT Bangalore): Taxpayer's appeal delay condonation plea rejected due to lack of proof on CA's advice and negligence. Full text here. The post Taxpayer Fails to… Read More

Coimbatore Jewellers India Pvt Ltd's Kerala HC writ seeking GST refund and penalty dismissal after delayed filing. Details of the judgment provided here. The post Kerala HC Dismisses Delayed… Read More

Diana Gomez challenges Kerala HC's condition to remit 15% of total tax demand for stay in WP appeal. Court deems the imposition arbitrary and sets it aside. The post Imposing 15% Tax Demand… Read More

Gold Plus Toughened Glass Ltd. appeals ITAT Mumbai's decision confirming addition of unutilized CENVAT credit to closing stock value as per IT Act. The post Unutilized CENVAT Credit to be In… Read More

ITAT Delhi overturns CIT(E)'s rejection of Freepathshala's 80G (5) registration application despite a 6-year delay, citing similar rulings. The post ITAT Delhi Restores Freepathshala’s… Read More

Read the full text of the order of ITAT Bangalore regarding the dispute between BMM Ispat Limited and ACIT over unsecured loan sources. Detailed analysis and conclusion provided. The post BM… Read More

Chandan Realtors Pvt. Ltd vs ITO (ITAT Mumbai) case analyzed. Liability of directors post company dissolution upheld. Read the detailed analysis and conclusion here. The post Liability of Di… Read More

In Coronation Cigar Co. Vs DCIT (ITAT Mumbai), payments towards PF and ESI made before the due date of filing Income Tax Return are not disallowed under section 139(1) of the Act. Read the d… Read More

Kerala High Court remands a case back to the State Tax Officer as GST arrears were paid, yet bank account was attached. Details here. The post Bank Account attachment despite payment of GST… Read More

Kerala High Court dismisses M Trans Corporation's petition for claiming IGST refund instead of CGST/SGST. Detailed analysis of the judgment provided. The post ITC wrongly availed as IGST ins… Read More

JPR Investments vs ACIT (ITAT Mumbai): Interest cost can't be claimed as business expenditure for shares investment, directs recompute of STCG. The post Allowability of Interest Cost of amou… Read More

In a landmark decision, ITAT Ahmedabad rules in favor of Globe Textiles (India) P. Ltd., stating no TDS deduction necessary on commission income earned by foreign agents outside India. The p… Read More

Chennai ITAT ruling in Nirmala Venkatapathy Vs ITO case emphasizes no DVO reference if taxpayer's asset value exceeds fair market value, providing detailed analysis and implications. The pos… Read More

Kerala High Court overturns assessment order against a Co-operative Society citing lack of natural justice, granting a fresh hearing. The post Kerala HC quashes Income Tax Assessment Order p… Read More

Delhi High Court grants MEIS benefits to JSW Steel Limited despite procedural errors in shipping bills. Detailed analysis of the judgment and its implications. The post JSW Steel Wins MEIS B… Read More

ITAT Ahmedabad ruled against C K Zipper Pvt Ltd, disallowing deduction under Section 35(1)(ii) of Income Tax Act for donations to ineligible research trust. The post No Section 35(1)(ii) ded… Read More

Anand Madhavan Nair Indiradevi Vs State Tax Officer (Kerala High Court) Introduction: The Kerala High Court recently ruled on the case of Anand Madhavan Nair Indiradevi vs. State Tax Officer… Read More

Section 139(8A) of the Income Tax Act allows filing an updated return within 24 months from the end of the relevant assessment year. Learn more about eligibility, provisions, and FAQs. The p… Read More

Read the full text of the judgment/order of Madras High Court regarding discrepancies between GSTR 3B & GSTR 2B, where the court remanded the case for reconsideration. The post Bank acco… Read More

Delhi High Court rules on re-filing a petition seeking the same relief after unconditional withdrawal, citing estoppel. Full analysis of the judgment provided. The post Re-filing ITC refund… Read More

Starting the journey of becoming a Chartered Accountant (CA), Company Secretary (CS), or Cost and Management Accountant (CMA) is no ordinary feat. It requires dedication, perseverance, and a… Read More

Discover the importance of financial tax planning for individuals and businesses. Learn key strategies to minimize tax liabilities and optimize financial resources effectively. The post Fina… Read More

Ensure seamless GST compliance as FY 2023-24 ends. This comprehensive guide outlines critical activities, reconciliation steps, and compliance strategies for businesses. The post Comprehensi… Read More

Zenon analytics Pvt. Ltd. Vs Union of India & Anr (Delhi High Court) The case of Zenon Analytics Pvt. Ltd. vs Union of India & Anr before the Delhi High Court revolves around the rej… Read More

Functionality for processing of electronically filed valid returns (upto AY 2021-22) having refund claims which were not processed within the time allowed u/s 143(1) due to some technical or… Read More

Read the full judgment of Madras High Court quashing GST authorities' hurried GST order despite taxpayer's plea for extended reply time. The post Madras HC Quashes GST Order for Ignoring Tax… Read More

Learn why Delhi HC overturned the PMLA Appellate Tribunal's order confirming provisional attachment, citing failure to address key issues. Detailed analysis provided. The post Delhi HC Sets… Read More

Naman Infradevelopers Pvt. Ltd. vs Metcalfe Properties Pvt. Ltd.: NCLAT rules advance payment by speculative buyer in real estate not financial debt under IBC. The post Speculative Investor… Read More

Delhi High Court sets aside an order passed under Section 73 of the CGST Act, ruling that the ITC claim rejection lacked proper opportunity for hearing. The post Delhi HC Sets Aside order re… Read More

Rani Constructions Pvt Ltd vs Union of India: Delhi High Court rules membership of an arbitral institution is not mandatory to invoke arbitration, setting a precedent. The post Arbitration P… Read More

Learn about the Supreme Court ruling in C.C.E And S.T. Surat-I vs Arkay Logistics Ltd, stating transportation of goods and ancillary services won't be taxed as Cargo Handling Service. The po… Read More

Learn about the landmark case of Jagdish Bansal v. Union of India where the Delhi High Court ruled against the Revenue Department's authority to seize cash under GST laws. The post Revenue D… Read More

Navigate the complexities of GST for hotels, restaurants, and catering services with this comprehensive guide. Learn about applicable rates, Input Tax Credit, and benefits of the Composition… Read More

Read how ITAT Mumbai ruled in Jatin Enterprises vs ACIT case, quashing a penalty notice containing concealed and inaccurate income particulars. The post Section 271(1)(c) penalty based on es… Read More

Bombay HC Dismisses Rs. 3731 Crore CGST Act Penalty Notice issued to Salaried Employee in the case of Shantanu Sanjay Hundekari Vs Union of India The post Bombay HC Dismisses Rs. 3731 C… Read More

Delhi High Court allows continuation of service tax audit proceedings despite challenge to Service Tax Rule 5A validity before a larger bench. Full judgment analysis here. The post Delhi HC… Read More

Explore the judgment by Madras High Court on the dispute between C. Sowmyaraga and the Inspector General of Registration regarding property attachment and validity of sale. The post Sale Dee… Read More

While both parties desired the cancellation of GST registration, the court, considering Veetrag Traders' intention to cease business operations, modified the impugned order to cancel the reg… Read More

Read the J&K High Court's judgment on the futility of keeping seized vehicles at police stations. Learn about the legal analysis and implications of this landmark ruling. The post Futile… Read More

Explore the 10 investment schemes under India's National Savings Scheme with detailed analysis and expert recommendations. Make informed investment decisions for FY 2023-24. The post Nationa… Read More

Read about IRDAIs directive for insurers to extend services to policyholders in the current financial year 2023-24. Details on the special measures and implications. The post Servicing to Po… Read More

Explore the journey of enterprises in India, from the era of License Raj to modern business modules like Proprietary Concerns, Firms, Companies, HUFs, and more. The post Journey of Enterpris… Read More

Ensure a smooth year-end closure for your business with this comprehensive checklist covering accounting, tax, GST, and other essential matters for FY 2023-24. The post Year End Closure Poin… Read More

Delve into the legal provisions mandating the Corporate Social Responsibility (CSR) Committee, its composition, roles, and significance in ensuring effective CSR activities. The post Signifi… Read More

Explore the Allahabad High Courts landmark ruling in Precision Tools India vs State of Uttar Pradesh regarding penalties for non-filing of Part B of the E-Way Bill due to technical issues. D… Read More

Learn about the recent Allahabad High Court ruling stating that goods cannot be detained or penalized under Section 129 of the UPGST Act for undervaluation. The post GST Section 129 Penalty… Read More

This webinar titled “How MSMEs Recover Payment without Court” provides valuable insights and strategies for recovering payments in a timely manner without resorting to legal acti… Read More

Explore the detailed analysis and ruling by the Customs Authority of Advance Ruling, New Delhi, regarding the admissibility of customs duty exemption for specific aircraft engine parts. The… Read More

Learn why the Goods and Services Tax Practitioners Association of Maharashtra requests an extension for filing PTRC returns due to technical issues. The post Request to extend due date for f… Read More

Delve into the legal intricacies of Rajesh Kumar's appeal against the CIT(A) order regarding TDS credit denial. Explore the impact on Kachha Arthias and tax liabilities. The post Kachha Arth… Read More

Explore the significance of signed notices and orders under GST laws, alongside judicial views on unsigned documents. Learn about relevant provisions and recent court cases. The post Judicia… Read More

Delve into the significance of SEZ endorsement under GST laws, ensuring compliance with authorized operations and eligibility for zero-rated supplies. The post Macro level view on requiremen… Read More

Explore crucial financial tasks like tax-saving investments, advance tax payments, and compliance with new regulations before the end of the financial year on March 31st, 2024. The post Pre… Read More

Understand TDS rates, exemptions, and sections for FY 2024-25. Stay compliant to avoid penalties. Comprehensive TDS rate chart for various nature of payments. The post TDS Rate Chart (FY 202… Read More

Explore the changes in taxation of debt mutual funds pre and post April 2023. Learn about impacts, benefits, and strategies. Invest wisely for optimal returns. The post Taxation of Debt Fund… Read More

Ensure smooth GST return filing for March 2024 with these 10 crucial actions, including reconciliation, ITC claims, RCM liabilities, and opting for the composition scheme. The post 10 Import… Read More

Discover how a recent West Bengal AAR ruling expands input tax credit (ITC) claims for businesses using book adjustments, providing clarity on GST compliance and cash flow management. The po… Read More

Learn about the implications of the recent amendments regarding Input Service Distributors (ISD) under GST laws, including compulsory distribution of common ITC and inclusion of input servic… Read More

Explore the effective use of Best Judgment Non-Filer Assessment Orders (UAO) under section 62 for return defaulters. Guidelines and a list of non-genuine taxpayers provided. The post Maharas… Read More

In the case of Rajkumar Singhal, Delhi HC ruled that show cause notices and REG 31 must be served as per GST Act provisions. Details here. The post SCN & REG 31 liable to be set aside, I… Read More

Learn about the GST implications on old age homes and services for senior citizens, including exemptions, taxable services, and compliance procedures under GST laws. The post GST on Old Age… Read More

These regulations may be called the Insurance Regulatory and Development Authority of India (Actuarial, Finance and Investment Functions of Insurers) Regulations, 2024. The post IRDAI (Actua… Read More

Bank Audit Manual 2022-23 with editable Excel formats. Explore key updates, Break Even Date for NPA, LFAR key checks, Bank Audit Report Format and crucial audit checks for a comprehensive un… Read More

Explore top tax-saving options beyond Section 80C for FY 2023-24, including NPS, health insurance premiums, medical expenses, home loan interest, electric vehicle purchases, charitable donat… Read More

Delhi High Court ruled that refund of ITC reversal is permissible if supplier paid tax. Learn about the case of Pedersen Consultants India Pvt. Ltd. vs Union of India & Ors. The post Ref… Read More

CBIC announces working days for Customs field formations on 29th, 30th, and 31st March 2024. Details and implications explained. The post Customs field formation offices to remain open on 29… Read More

Find answers to FAQs on Trading Window closure under SEBI (Prohibition of Insider Trading) Regulations, 2015, in the National Stock Exchange Circular. The post FAQs on Trading Window Closure… Read More

Learn about the latest guidelines issued by the Directorate General of GST Intelligence (DGGI) for conducting investigations, ensuring compliance, and facilitating ease of doing business in… Read More

Stay updated with the latest amendment to the Sea Cargo Manifest and Transhipment Regulations, 2018 by the Central Board of Indirect Taxes and Customs (CBIC) The post Sea Cargo Manifest and… Read More

Stay updated with the latest changes as DGFT revises the list of banks authorized to import gold/silver under Appendix 4B of the Handbook of Procedures, 2023. The post DGFT Updates Banks for… Read More

Explore the latest amendment in Union Territory Tax by Ministry of Finance. Detailed analysis of Notification No. 01/2024. Stay updated with the changes. The post Notification No. 01/2024 &n&hell…Read More

Discover the latest amendments in tariff values for various commodities including edible oils, brass scrap, areca nut, gold, and silver set by the Government of India. Stay informed! The pos… Read More