Discover Bombay High Court's landmark judgment affirming 'Police Patil' as not a police officer. Confession made before 'Police Patil' ruled admissible in murder case. The post ‘Police… Read More

Intellectual property rights in biotechnology is a hot topic: learn more about it with this post! Do IP Rights exist in Biotechnology? Find out here! The post Do Intellectual Property Rights… Read More

Ministry of Finance reports a historic 15% YoY growth in GST revenue for November 2023, crossing ₹1.60 trillion for the sixth time in FY 2023-24. The post GST Revenue Hits Record High:… Read More

Read the full text of CESTAT Chennai's order in the Hyundai Motors vs. Commissioner of Customs case. Relief granted due to 9-year delay in ADGFT's customs exemption decision. The post CESTAT… Read More

Explore the Kerala High Court's decision on Platino Classic Motors vs. Deputy Commissioner of Central Tax. Analysis of IBC Section 14, assessment, and adjudication proceedings. The post Sect… Read More

In the Rajendra G. Parekh vs ITO case, ITAT Mumbai restricts additions to 0.05% of gross total, questioning the handling of bank accounts and involvement in bogus business activities. The po… Read More

Read the Kerala High Court judgment dismissing a writ petition challenging a revenue recovery notice for GST dues due to failure to appeal the assessment order. The post Kerala HC Dismisses… Read More

Explore the Kerala High Court judgment on Nirapara Roller Flour Mills vs State Tax Officer. Learn how the court directs a 10% penalty deposit for recovery stay, citing KVAT Act amendments. T… Read More

Once the e-way bill has been generated and same has not been cancelled by the petitioner within the time prescribed under the Act, the movement of goods as well as genuineness of transaction… Read More

Explore the CESTAT Chennai order on whether providing investment advice abroad qualifies as export of services. Detailed analysis, conclusions, and implications. The post CESTAT Chennai: Inv… Read More

In a recent case, ITAT Guwahati ruled on 'Income other than business/profession mismatch,' setting aside the assessment order. Detailed analysis of the decision. The post Limited Scrutiny no… Read More

Bombay High Court quashes assessment order, directs JAO to provide specific information for Section 148A(b) notice. Detailed analysis and implications of the judgment. The post Bombay HC Ord… Read More

Bombay High Court's landmark judgment nullifies Income Tax assessments for AY 2016-2017, citing improper sanction under Section 151(i) instead of Section 151(ii) of the Income Tax Act 1961… Read More

Discover the latest update from IBBI as Mr. Jithesh John assumes the role of Executive Director. Uncover his extensive experience in economic services and insights into India's financial lan… Read More

Explore the JCIT vs S.V. Balasubramani HUF case at ITAT Chennai. Learn why bonus payment disallowance under section 40A(3) of the Income Tax Act was challenged and the outcome of the appeal… Read More

Explore the Supreme Court judgment on Commissioner of Customs vs. Godavari Drugs Ltd. as it dismisses the customs appeal, citing increased monetary limits according to the CBIC Circular. The… Read More

In a Customs case, CESTAT Chennai instructs the adjudicating authority to verify EODC for Solar Soles Pvt Ltd, potential benefits to follow upon production. The post CESTAT directs departmen… Read More

Read about recent CESTAT Chennai order in case of K. Mayakrishnan vs. Commissioner of Central Excise and Service Tax. Tribunal ruled that a Service Tax demand without specifying service cate… Read More

Stay informed on SEBI's extension of the deadline for implementing the SCORES Redressal Circular. Learn about the impact on investor grievance procedures and the new April 01, 2024, deadline… Read More

ITAT Chandigarh held that initiation of reassessment proceeding merely on the fact that AO has not carried out independent enquiries of confirmations from the creditors, without pointing out… Read More

Explore the rich history and evolution of Geographical Indications (GIs), their enforcement mechanisms, and their impact on cultural heritage. Learn about notable cases like Darjeeling Tea a… Read More

This article delves into the various avenues for income, tax implications, time management, and crucial considerations to maintain a balanced and sustainable approach to multiple income stre… Read More

Discover the power of accounting automation! Learn how to automate data entry, payroll management, expense reporting, bank reconciliation, and accounts receivable for enhanced efficiency. Th… Read More

Explore the rules and challenges of Domestic Transfer Pricing (DTP) in India. Learn about legal definitions, threshold limits, applicability, Arm’s Length Price, documentation, issues… Read More

Explore the detailed analysis of the Calcutta High Court's landmark decision on GST penalties. Learn why automatic penalties under Section 129 are not upheld. The post Penalty under GST Not… Read More

Read the full analysis of the CESTAT Chandigarh order on Punjab State Grains Procurement Corporation Ltd. vs Commissioner of Central Excise. Learn how a vague service tax notice was successf… Read More

Delhi High Court orders re adjudication in Omkara Footwear case, challenging rejection of refund appeals for non-existent entity and delayed payment. Full judgment analysis. The post SCN not… Read More

Explore the Bengal Tiger Line vs. DCIT case: ITAT Chennai rules in favor of the assessee, allowing benefits under India-Singapore DTAA for Vessel Handling Charges. The post Applicability of… Read More

P&H HC Sets Aside Order Limiting Open Atmosphere Exposure Of High Risk Prisoners Saying Inmates Enjoy Basic Human Rights Introduction: The recent judgment by the Punjab and Haryana High… Read More

Explore the significance of professional skepticism in auditing, its application, and the need for effective documentation. Understand its role in enhancing audit quality." The post Professi… Read More

Regulations for software export depend upon the medium used. Learn how the export of software through data communication links from domestic tariff area is regulated by RBI and their Master… Read More

ITAT Delhi dismisses appeal, upholding taxability of interest received under Section 28 of Land Acquisition Act as income from other sources. Details of the case here. The post Interest rece… Read More

Madras High Court directs Customs authorities to review representation of Jineshwar Enterprise regarding seized imported goods. Know details of court order. The post Seizure of imported good… Read More

Read the full text of the CESTAT Chennai order in the Sinnamani Vs Commissioner of Customs case. CESTAT quashes penalty under Section 117 of the Customs Act, citing the absence of direct evi… Read More

In a recent appeal, Halo Technologies challenges the CIT(A)'s order on late fees under Section 234E of the Income Tax Act. ITAT Mumbai directs re-adjudication, citing lack of opportunity for… Read More

Explore the CESTAT Mumbai order on Bunty Foods' CENVAT credit dispute for outward transportation. Analysis, legal insights, and implications explained. The post CENVAT Credit Eligible for Fa… Read More

Explore ITAT Delhi's decision in DCIT Vs Bharti Realty Holdings Ltd, allowing previously disallowed losses due to incorrect interpretation of Section 43(6) provisions. The post ITAT Allows… Read More

Explore the ITAT Mumbai's reversal of CIT(A)'s order in Laxman Mahadev Patil Vs ITO case for not passing a merit-based decision. Read the full text and analysis. The post ITAT set-aside orde… Read More

Learn difference between Loan Against Property and Home Loan. Uncover nuances between two different types of mortgage loans to make informed decisions. The post How is a Loan Against Proper… Read More

BSE announces updated eligibility criteria for SMEs transitioning to the Main Board. Learn about key changes, effective from January 1, 2024. The post Eligibility Criteria for Listing on BS… Read More

Revision of Eligibility Criteria for Migration of SME Companies to BSE Main Board - BSE's additional criteria support a balanced shift, promoting retail shareholder participation. Know more!… Read More

Kerala High Court recently addressed the issue of levying GST interest and penalties for the delay in filing GSTR-3B after the cancellation of the Goods and Services Tax Identification Numbe… Read More

Explore the amendments introduced in Notification No. 63/2023-Customs, aligning with changes in No. 22/2022-Customs. Government of India ensures efficiency and public interest. Read more The… Read More

Explore the latest Central Excise Amendment with Notification No. 40/2023 from the Ministry of Finance. Effective from December 1, 2023. Stay informed on crucial updates The post CBIC reduce… Read More

Madras High Court held that section 245C(5) of the Income Tax Act, 1961 (as amended by the Finance Act, 2021) is read down by removing the retrospective last date of 1st date of February, 20… Read More

In re Deepak Jain (GST AAR Rajasthan) In a recent ruling by the Authority for Advance Ruling (AAR) in the case of Deepak Jain, a Chartered Accountant based in Jaipur, the question of whether… Read More

Explore the latest amendments to Customs Tariff by India's Ministry of Finance. Understand changes in tariff values for key goods. Effective from December 1, 2023 The post Fixation of Tariff… Read More

For individuals with income below Rs. 5 lakh, strategic investments in under construction properties can pave the way for substantial tax savings in the future. This article explores how suc… Read More

Read the detailed analysis of the ITAT Mumbai ruling in Standard Fiscal Markets Pvt. Ltd. vs DCIT case. No section 68 addition for conduit entity. Insights on tax implications. The post No s… Read More

CESTAT Chennai held that demand of duty alleging violation of provisions of EPCG licenses on ground of failure to fulfill export obligation unsustainable as EPCG Committee granted extension… Read More

ITAT Mumbai held that reference to TPO in respect of Specified Domestic Transaction (SDT) u/s. 92BA(i) has been omitted from the statue by the Finance Act, 2017 w.e.f. 01/04/2017. Hence, ent… Read More

Delhi High Court held that the Trade Notice no. 08/2023 dated 20.06.2023 issued by DGFT setting out the conditions of eligibility and procedure for allocation of quota for export of broken r… Read More

Enhance your GST portal security with Two-Factor Authentication. Learn about the phased rollout, OTP process, and key updates. Stay informed for a secure tax experience. The post GSTN Adviso… Read More

Madras High Court held that refund cannot be denied as refund application under section 54(1) of CGST Act was made within a period of limitation, however, supportive documents were submitted… Read More

ITAT Mumbai held that compensation paid to a real estate developer for closure of agreement is allowable as revenue expenditure when the payment of such compensation is closely related to th… Read More

Explore SEBI's latest guidelines on corporate bonds, understand the dynamics of corporate bond investments, and learn key insights for a secure investment strategy The post SEBI – Upda… Read More

Delhi High Court's decision in ITA 1260/2018, addressing disallowance under Section 14A of the Income Tax Act. Learn about the quantum, computation, and implications for Caraf Builders &… Read More

Explore the SEBI circular's impact on Bombay Stock Exchange listed companies' corporate grouping. Learn the criteria, repository details, and compliance requirements for effective disclosure… Read More

Read DGFT Notification No.46/2023 dated 30 November, 2023, permitting export of specific food commodities through National Cooperative Exports Limited (NCEL). Learn about affected trade noti… Read More

Explore the latest changes in Customs Act with Notification No. 88/2023-Customs (N.T.) dated 29th November, 2023. Key amendments, effective date, and impact discussed The post Exemption of d… Read More

Explore the latest amendments to the Customs Act by the Government of India through Notification No. 87/2023-Customs (N.T.) dated 29th November 2023. Key changes and implications revealed Th… Read More

Advisory for Pilot Project of Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Andhra Pradesh The post Biometric Aadhaar Authentication: GS… Read More

Micro Zone Vs Union of India (Patna High Court) Introduction: In a recent judgment/order, the Patna High Court addressed a writ petition challenging the dismissal of an appeal under the… Read More

Union of India v. Dilip Paul: A Need for Comprehensive Reforms of PoSH at Workplace? Introduction Globalization has ignited a transformative change in the global status of women. The era whe… Read More

Aurangabad Bench of Bombay High Court rules advocates should have up-to-date legal knowledge, avoid citing outdated laws. Case details and judgment here. The post Advocates Must Stay Updated… Read More

Calcutta High Court directs a fresh order on Income Tax Officer's violation of natural justice in Section 148A(d) case. Details of the judgment here. The post Section 148A(d) order passed by… Read More

Explore the new rule by MCA requiring private companies to dematerialize shares. Learn compliance steps, timelines, and benefits of this mandatory transformation. The post Dematerialization… Read More

Supreme Court's ruling against property transfer through Power of Attorney and Agreement to Sell. Understand the legal implications and constraints. The post Title Can’t be transferred… Read More

Shadows in Tax Maze: Get an insight into the dark side of GST in India. Uncover complexities, forms, deadlines and regulations you need to know. The post Shadows in Tax Maze: Unveiling Darke… Read More

Managing Goods and Services Tax (GST) compliance is crucial for businesses to ensure smooth operations and adherence to regulatory requirements. To simplify this process, businesses can foll… Read More

Explore recent SAT verdict in 20 Microns Limited v. BSE Limited case on Regulation 17(1A) of LODR. Learn about implications and a balanced approach to compliance. The post Clarity on Appoint… Read More

This article delves into the compelling reasons and strategies for investing in your 20s, unraveling the potential for substantial returns and financial security. The post Why to Invest in y… Read More

In the realm of employment compensation, it’s crucial to recognize that your salary goes beyond the basic pay. The totality of your remuneration often encompasses a variety of benefits… Read More

ITAT Mumbai held that the unabsorbed depreciation which is carried forward from earlier years is permitted to be set off against the short term capital gains. The post Carried forward unabso… Read More

Delhi High Court held that applicant cannot be denied the benefit of time spent by it in pursuing the review application as it was a sufficient cause which sought to explain the delay. Accor… Read More

Delhi High Court held that the insertion of second proviso to Section 40(a)(ia) of the Act is declaratory and curative in nature and has retrospective effect from 1st April 2005. Petition di… Read More

ITAT Mumbai held that were the co-operative society receives/earns the interest on deposits with the co-operative bank is eligible for claim of deduction under Section 80(2)(d) of the Income… Read More

Punjab and Haryana High Court held that addition under section 69 of the Income Tax Act towards unexplained investment unsustainable as nature and source of the investment duly explained. Th… Read More

Andra Pradesh High Court dismissed the writ petition preferred against show cause notice in Form GST DRC-01 as the petitioner is required to approach the authority which has issued the notic… Read More

Discover how Minimum Global Corporate Tax can create a global floor on company taxes. Learn more about the implications for MNCs in this blog post. The post Minimum Global Corporate Tax appe… Read More

This comprehensive guide, 115 FAQs on Research and Analysis Wing (R&AW) for India, offers an informed understanding of R&AW & other intelligence agencies. Protect the innocent fr… Read More

Read the full text of the Madras High Court judgment in Precious Metals Refiners Pvt. Ltd. vs. Principal Commissioner of Customs. The case involves the detention of imported Gold Dore Bars m… Read More

Understand the law surrounding Service Tax on cars and buses given in hiring as contract carriage on payment basis. Get the full text of the CESTAT CHANDIGARH Order. The post Service tax on… Read More

Double taxation for same service activity is not legally permissible: CESTAT Chennai ruling - Learn about CESTAT Chennai verdict forbidding double taxation for services, as per the Finance A… Read More

Explore the ITAT Ahmedabad ruling on the disallowance of expenses under Section 43B for Himatnagar Nagrik Sahakari Bank Ltd. Learn about the dispute, the arguments presented, and the decisio… Read More

Explore the analysis of the ITAT Delhi order dated 1st November 2023, highlighting that the issuance of Notice u/s 153C under the Income Tax Act is deemed invalid ab-initio when no incrimina… Read More

ITAT Mumbai held that addition u/s. 68 of the Income Tax Act towards unexplained cash credit unsustainable as the addition was made by AO on the basis of presumptions and conjectures and wit… Read More

Explore the CESTAT Ahmedabad ruling on 'Boron Ore' customs duty exemption under Customs Notification No. 15/2017-CUS. Analysis of the case, legal arguments, and the decision to remand to the… Read More

Madras High Court's judgment on Naveen Kumar's case involving Customs Act violations. Learn about the typographical error issue and the court's decision. Full text of the judgment provided… Read More

Learn how the Madras High Court set aside an Assessment Order dated 09.03.2022 under Section 147 r/w Section 144 of the Income Tax Act, 1961 for the Assessment Year 2013-14 for Shapoorji Pal… Read More

Explore the Madras High Court's judgment in the case of Vikas Sharma vs Additional Commissioner of Customs, addressing penalties on a Customs Officer for abetting gold smuggling. The court e… Read More

CESTAT Bangalore held that destruction of obsolete goods allowed to EOU on payment of duty on scrap value. Accordingly, held that when goods are destroyed EOU is not liable to pay duty on or… Read More

Kerala High Court held that Municipality cannot grant remission of the property tax in absence of valid advance notice, as required under sub-section (3) of section 239 of the Kerala Municip… Read More

GST Registration denial for Lessor and lessee running business in same premises: HC directs GST Dept to Grant GST Registration & directs petitioner-Company to demarcate the property&nbsp&hell…Read More

ITAT directs CIT(A) to reconsider issue of Section 234A, 234B and 234C interest after considering the outcome of petition filed by the appellant u/s. 119(20)(b)/119(2)(c) of Income Tax Act b… Read More

Read the full text of the judgment/order from the Madras High Court regarding the withholding of gold imported by Mudra Precious Metals Pvt. Ltd. Without customs duty payment. The court dire… Read More

In a significant decision, CESTAT Mumbai quashes customs duty demand on the export of polyurethane polyvinyl chloride soles of footwear, citing the absence of malafide intention. Explore the… Read More

Explore the Madras High Court's judgment/order in K.G.Denim Ltd. vs. Commissioner of Customs, addressing an inadvertent error in 87 shipping bills. Learn about the court's direction to inspe… Read More

In a recent decision by the Income Tax Appellate Tribunal (ITAT) Delhi in the case of Paramjit Gandhi vs. DCIT, the Tribunal addressed the disallowance of long-term capital loss on the sale… Read More

CENVAT credit denied: CESTAT directed re-adjudication based on ISD invoices mentioning Mumbai address & not related to manufacturing activities. The post CENVAT credit denied without con… Read More