Get a comprehensive understanding of the RBI Master Circular 2024 - Lead Bank Scheme. Learn about the guidelines and instructions issued by the Reserve Bank of India. The post RBI Master Cir… Read More

Explore the key provisions and guidelines outlined in the RBI's Master Circular on Board of Directors for Urban Co-operative Banks (UCBs). Learn about the constitution of the board, roles of… Read More

Understand the procedure of voluntary striking off of a company as per Section 248 of the Companies Act, 2013. Learn about prerequisites, documents required, and forms to be filed. The post… Read More

Explore the benefits, process, prerequisites, FAQs, and related services of E-Invoicing under GST. Learn how it streamlines compliance, improves accuracy, and fosters efficiency. The post GS… Read More

Explore the Ministry of Finance's report on the second highest monthly GST revenue collection in March 2024, reaching ₹1.78 lakh crore with an 11.5% YoY growth. The post March 2024 GST… Read More

Discover the intricacies of structuring cross-border mergers and acquisitions (M&A). Learn about key steps, due diligence, legal compliance, and tax considerations for successful transac… Read More

Stay informed about the latest regulatory changes in India affecting corporates. Learn about updates from SEBI, RBI, and more in our comprehensive analysis of March 2024. The post Regulatory… Read More

Discover how registering on NGO Darpan can amplify your NGOs impact. Government recognition, increased visibility, and easy access to grants await. Learn more! The post NGO Darpan appeared f… Read More

Social Growth Nidhi Limited faces penalties for violating Section 117(1) of the Companies Act by defaulting in MGT-14 filings, leading to financial repercussions. The post Default in Filing… Read More

Read how Punjab and Haryana High Court refuses bail to a chemist accused under NDPS Act, emphasizing zero sympathy for drug peddlers. Analysis and implications discussed. The post Drug Peddl… Read More

Check out the latest notification from RBI excluding Kapol Co-operative Bank Limited from the second schedule of the RBI Act. Details here. The post RBI directs exclusion of Kapol Co-operati… Read More

Explore the pivotal role of government accounting in India's economic development. Learn about reforms, global trends, and the vision for inclusive growth. The post ICAI President’s Me… Read More

Discover the latest enhancements by NPCI for credit accounts on UPI, including EMI options, bill payments, and limit management. Learn more here! The post NPCI Introduces New Features for Cr… Read More

Stay updated with the latest compliance requirements for private limited companies in FY 2024-25. Learn about due dates, forms, and registers to ensure regulatory adherence. The post Complia… Read More

SEBI has specific rules for all mutual fund schemes. The funds need to stick to stocks that are defined for their portfolio. For example, large-cap funds have restrictions and mandates to in… Read More

Discover the Madras High Court's ruling on hostel facilities for students and working women, finding them eligible for GST exemption as residential dwellings. The post Hostel Facilities for… Read More

Discover the major highlights of the revised Secretarial Standards on General Meetings (SS-2) issued by ICSI, effective from April 01st, 2024. The post Highlights of Revised Secretarial Stan… Read More

Discover key points to consider at the beginning of the new financial year 2024-25 for Income Tax and GST compliance. Avoid financial pitfalls and start smartly. The post How to start a new… Read More

Case of Samsung India Electronics Private Limited versus State of Uttar Pradesh presents a critical examination of disputes arising from Goods and Services Tax (GST) refund claims, The post… Read More

Explore the GST implications on payments to Directors in various capacities - director, employee, or personal service provider - in this comprehensive guide. The post GST implications on pay… Read More

Dive into the case of Ediga Anamma v. State of Andhra Pradesh (1974), where a womans conviction for murder sparks debates on death penalty, social background, and legal amendments. The post… Read More

Today CA’s, CPA’s, Accountants are more and more often going for digitalization to revolutionize accounting and taxation practices. By integrating technologies such as Artificial… Read More

Read the detailed analysis of the judgment in Abitha Timber Traders Vs Assistant Commissioner case by Madras High Court. Learn about the implications and conclusions. The post HC Remands Cas… Read More

Learn how CFOs, auditors, and filers can comply with Section 43B(h) effortlessly. Identify creditors, prepare lists, categorize, and manage agreements effectively. The post Step By Step Guid… Read More

Circulation of Amended Implementation Guidelines for Animal Husbandry Infrastructure Development Fund (AHIDF) Animal Husbandry Infrastructure Development Fund (AHIDF), Central Sector Scheme… Read More

Explore the impact of taxation on India's burgeoning online gaming sector, navigating legislative complexities and proposed Finance Bill, 2023 amendments. The post Navigating the Crypto Tax:… Read More

Explore Social Stock Exchanges and related statutory compliances, decoding eligibility criteria, governing regulations, and compliance checklist for both listed and registered social enterpr… Read More

Get clarity on the applicability of the new tax regime versus the old tax regime. Understand the differences and choose the regime that suits you best for FY 2023-24. The post Clarification… Read More

Explore the SC's recent judgment urging caution in granting pre-trial injunctions against media platforms. Understand the impact on freedom of speech and journalistic expression. The post Li… Read More

Explore the legal intricacies of Santosh Bhadoriya's challenge against a show cause notice and provisional attachment order under the Prohibition of Benami Property Transactions Act, 1988. U… Read More

Explore the case of Blackberry India Pvt Ltd challenging a show cause notice regarding CENVAT credit refund. Understand the legal issues, contentions of both parties, and the High Court's de… Read More

Kerala High Court dismisses writ petition by Manjally Jewellery against failure to consider reply in assessment order under GST Act. Detailed analysis & judgment summary. The post Failur… Read More

CESTAT Chandigarh deems consolidated hearing notice with multiple dates a violation of natural justice, remanding an ex parte order. Analysis and implications discussed. The post Consolidate… Read More

Delhi High Court directs prompt resolution of Air Pro Styles' GST registration cancellation application, emphasizing timely action within 4 weeks. The post HC directs disposal of GST registr… Read More

Read about the Delhi High Court's decision in R8 Space Design Pvt Ltd vs Principal Commissioner State Tax Delhi & Anr, where the court cancels GST registration retrospectively from the d… Read More

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