ITAT Raipur held that there were justifiable reasons for the assessee firm of having remained unaware about the on-going ...

Following Budget 2024, the long-term capital gains on domestic and foreign equity funds/ETFs/FOFs were to be taxed at 12.5%.

ITAT Nagpur held that rejecting application for registration u/s. 10 (23C) of the Income Tax Act for the acts which have not ...

Jharkhand High Court ruled that tax authorities must follow the due process before passing adjudication orders under the ...

Disciplinary Committee (DC) suspended Insolvency Professional Anil Mehta for three months due to misconduct during the liquidation of Pratibha Industries Limited. The investigation revealed that Mehta ...

CESTAT Chennai held that refund of excess duty paid is allowable since delay in filing of bill of entry was on account of system error. Thus, appeal of revenue dismissed and refund granted by lower ...

Gujarat High Court held that passing of order u/s. 148A (d) of the Income Tax Act without considering reply filed by the petitioner by not granting adjournment time as prescribed u/s. 148A (b). Thus, ...

By the way, we need to note that this leading case originated from the arrest of Ashish Kakkar in December 2024 in connection with a First Information Report (FIR) that had been registered under ...

ITAT Delhi held that revision under section 263 of the Income Tax Act not tenable as PCIT failed to specify definite error in the order and also AO has made proper inquiry and has taken plausible view ...

The implementation of GST in India has significantly impacted branch transfers within the textile industry, where the movement of goods between units with separate GSTINs (even under the same PAN) is ...

As per Section 260 of the Companies Act, 1956, an Additional Director’s tenure is inherently limited, and they automatically vacate office upon the conclusion of the AGM unless expressly reappointed.

The FAQs cover topics such as the classification of bonds with put options under the Held-To-Maturity (HTM) category, the determination of fair value for investments at initial recognition, the ...