The ITAT Mumbai has deleted unexplained cash credit additions for the Pitkar family, ruling Section 68 inapplicable to bank passbooks and citing genuine medical ...

Learn about India's upcoming GST Compliance Rating system and recent tax reforms. Understand its benefits for taxpayers, buyers, and creditors, and the challenges of ...

India's exporters face mandatory annual IEC updates from DGFT, even with no changes. This practice burdens businesses and raises concerns about efficiency and legal ...

Delhi ITAT partially allows Rohit Goel's appeal against ACIT, addressing unexplained cash deposits, out-of-book purchases, and assessing income based on bank ...

Understand Indian income tax implications for non-resident shareholders on foreign company share buybacks. Learn about residential status, capital asset situs, and why capital gains on foreign shares ...

Understand the importance of correct formats for Section 143(2) scrutiny notices. Learn how non-compliance impacts tax assessments, referencing CBDT guidelines and recent tribunal ...

SC rules that nominees under Section 109A of the Companies Act do not gain absolute ownership of shares, preserving legal heirs' rights under succession ...

The Gujarat High Court, after hearing arguments from both sides, focused on whether the Section 148 notice deserved to be ...

Delhi ITAT set aside penalties against Delhi Building & Others for Assessment Years 2007-08 and 2008-09, citing the Assessing ...

Understand key restrictions on Input Tax Credit (ITC) under Section 16 of the CGST Act, 2017, and recent judicial interpretations impacting buyer claims due to supplier ...

Learn about TDS Return Form 27Q for non-salary income of non-residents, including due dates, penalties, and interest on late filing or ...

CESTAT Chandigarh held that once Cenvat Credit is availed the same cannot be disallowed later as it was held that processing of uncoated paper didn’t amount to manufacture. Accordingly, appeal is ...