With this decision, SAIL is required to pay ₹2.25 lakh instead of ₹44 lakh. The ruling balances the need for regulatory compliance with fairness in enforcement, offering relief to the public sector ...

An interest rate is the percentage of a Car Loan that is charged as interest over the life of the loan. It is the cost of ...

To begin with, there is rarely, if ever, a review of the existing business model, and the changes that might be required for ...

In India, starting a business can be thrilling due to the challenges and immense opportunities this market has to offer.

The Rajasthan High Court addressed a petition filed by Dr. Anita Choudhary, challenging an order dated February 17, 2022, issued under Section 127 of the Income Tax Act, 1961. This section pertains to ...

Patna High Court quashed the GST assessment order against M.D. International, citing a violation of Section 75(4) of the GST Act, which mandates a personal hearing before passing such orders. The ...

Madras High Court held that income from sale of shares is to be treated as business income since money was borrowed and invested in shares only for the purpose of trading in shares. Accordingly, ...

The key point emphasized by the RBI is that this Master Circular does not introduce any new instructions or guidelines. Instead, it acts as a compilation of previously released directives, providing a ...

Allahabad High Court ruled in favor of Osr Creation, overturning the penalty imposed by state tax authorities for alleged non-compliance with e-way bill regulations. The case arose when Osr Creation ...

1. Mr. Padhi, learned advocate appears on behalf of petitioner and submits, his client is a trust duly registered under the provisions in Income Tax Act, 1961. It is exempted from paying income tax.

Sarajdeep Logistics Pvt Ltd Vs Principal Commissioner of Customs (General) (CESTAT Mumbai) Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai, has overturned an o ...

Jharkhand High Court ruled that tax authorities must follow the due process before passing adjudication orders under the Jharkhand Goods and Services Tax Act, 2017 (JGST Act). The petitioners, Limra ...