The court held that a taxpayer whose GST registration was cancelled for not filing returns for six months can seek restoration by submitting pending returns and paying dues within the prescribed ...

ITAT Chennai holds that Section 87A rebate is available even when total income includes capital gains taxed at special rates, reversing CIT(A)’s ...

The Tribunal examined the validity of assessments initiated under Section 153C where the Assessing Officer recorded a single ...

CA students must master Excel, Power BI, cloud accounting, and automation tools to stay competitive and meet modern ...

New rules require designated directors and principal officers of regulated entities to complete a specialized AML/CFT ...

The Tribunal found that the CIT(A) did not examine or reason with respect to substantial documentary evidence submitted by ...

Tribunal held that interest disallowance for non-deduction of TDS must be restricted to 30% under amended provisions. It also remanded issue of estimated interest on interest-free advances for ...

The Tribunal held that VAT input credit shown only in the balance sheet cannot be taxed as income. It upheld deletion of VAT, commission, and notional interest additions, dismissing the revenue’s ...

The Tribunal found that the addition was inferential and lacked corroborative evidence of concealment. It concluded that penalty under section 271(1)(c) could not be ...

The High Court set aside the Tribunal’s order after finding it failed to consider binding rulings on DGFT authority and import restrictions under the FTDR Act. The matter was remanded for fresh ...

The Court held that Section 161 cannot be invoked to amend a show cause notice and found the rectification request to be a delaying tactic. It ruled that alleged errors must be raised in the response ...

The Bombay High Court condoned a 338-day delay in filing Form No. 10 for income accumulation under Section 11(2), holding that genuine hardship justified relaxation of procedural ...