A correct interpretation of Section 87A of the Act will ensure both fair tax treatment for small taxpayers and the prevention ...

It is common knowledge that GST officials issue penalty notices u/s 125 of the GST Act for late filing of a GST return on the ...

3. Without prejudice to the above, the amount disallowed u/s. 43 (8) in respect of unpaid sales tax liability, provident fund ...

The petitioner was served with the assessment order, in Form GST DRC-07, dated 30.06.2022, passed by the 1 st respondent, ...

The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions to banks on SHG-Bank Linkage Programme. The enclosed Master Circular consolidates the circulars issued by ...

CBDT has maintained a consistent pace in concluding APAs, having signed 125 in FY 2023-24 and 95 in FY 2022-23. Notably, this year also saw the signing of India’s first-ever MAPA. Additionally, on ...

Contravention of Section 208(2)(a) & (e) of the Code, Regulation 27 of the CIRP Regulations, Regulation 7(2)(a) and 7(2)(h) of IP Regulations read with Clause 13 and 14 of the Code of Conduct for ...

Form 10B is not just a routine form— it’s the gateway to exemption for charitable and religious institutions under the Income Tax Act. Trusts must maintain proper books of accounts and ensure timely ...

Section 16 (5) of the CGST Act, introduced via the Finance Act 2023 and notified on 18th August 2023, provides a major relief to taxpayers whose Input Tax Credit (ITC) was earlier denied under Section ...

“1) For that, the Ld. CIT (A) has erred in deleting an addition of Rs.2,97,16,776/- made by the AO as unexplained expenditure u/s 69C of the Income Tax Act although no supporting bills for such ...

Bombay High Court ruled in favor of petitioners whose ₹20 lakh in demonetized ₹500 and ₹1,000 notes were seized during a raid on December 26, 2016, just days before the deposit deadline of December 30 ...

GST law provides two types of tax compliance structures for businesses—Regular Scheme and Composition Scheme. While the Regular Scheme applies to most taxpayers, the Composition Scheme is a simplified ...