Andhra Pradesh held that neither the State Legislature nor the Central Legislature would have power, to levy tax on the sale ...

ITAT Indore held that trust has passed resolution dealing with dissolution and utilization of assets in event of dissolution.

The Tribunal observed that Form 10-IE was available on record before return processing and should have been considered. The assessment was remanded for fresh adjudication under section ...

Karnataka High Court held that liquidated damages on account of breach of the contract is not taxable under the provisions of Central Goods and Services Tax Act [CGST Act] in terms of circular no. 178 ...

The Tribunal held that once sale receipts are accepted as consideration from immovable property, they cannot be taxed as unexplained money under section 69A. The assessment was remanded for fresh ...

The Tribunal dismissed the Revenue’s appeal, holding that JDA-related income issues had already attained finality. Any attempt to reassess the same income in an earlier year would result in ...

Karnataka High Court held that inadvertent error in shipping bills, which are permitted to be corrected under section 149 of the Customs Act, cannot be allowed to defeat substantive claim of exports ...

The government rolled out GST 2.0 to rationalise rate slabs and address long-standing structural issues. The key takeaway is ...

The new framework mandates DIN KYC filing every third financial year instead of every year. Directors must still promptly ...

The Tribunal held that additions made without issuing a mandatory show-cause notice violate CBDT instructions and natural ...

The High Court ruled that GST authorities must consider binding CBIC circulars on valuation. Failure to do so makes demands on corporate guarantees without consideration ...

SEBI held that post-allotment down-selling of privately placed debt securities to more than 200 investors changes their legal character. The key takeaway is that issuers must monitor transfers to ...