Introduction In recent years, the Indian economy has witnessed a paradigm shift in its approach to corporate debt resolution ...

The assessment order in question addresses two issues: a discrepancy between the petitioner’s GSTR 3B returns and the GSTR 1 statement, and a mismatch in Reverse Charge Mechanism (RCM) liability.

The case of YKM Holdings Pvt. Ltd. vs ACIT (ITAT Delhi) delves into the intricate interplay between jurisdictional validity and assessment procedures under the Income Tax Act, 1961. Specifically, it ...

As part of the remand, the court mandated a 10% pre-deposit of the disputed tax demand, demonstrating a balance between the interests of the taxpayer and revenue authorities. This requirement aims to ...

The case of P John Britto Vs Directorate of Enforcement before the Kerala High Court pertained to the imposition of bail conditions on accused individuals in a money laundering case. Initially granted ...

In summary, the Supreme Court’s decision upholding the taxation of interest-free/concessional loans to bank employees reaffirms the legality of Rule 3 (7) (i) under the Income Tax Rules. The judgment ...

The tribunal found reasonable cause for the delay in furnishing the Tax Audit Report and held that the penalty under section 271B was not justified. Consequently, the ITAT Delhi allowed the appeal of ...

3. The grounds of appeal raised by the assessee pertains to the addition @ 12.5% made on bogus purchases in which the Revenue is also in appeal against the order of the ld. CIT (A) in restricting the ...

The recent judgment by the Delhi High Court in the case of Global Vectra Helicorp Limited Vs Assessment Unit has significant implications for income tax assessments. The court’s ruling emphasizes the ...

Competition Commission of India (CCI) involves a challenge to an order passed by the CCI on July 18, 2023, directing the petitioners to deposit interest on a penalty amount for a specific period. The ...

In a recent ruling, the Delhi High Court addressed the matter of Dish TV India Ltd. versus a GST Officer concerning an order passed under Section 73 of the Central Goods and Services Tax Act. The ...

Securities and Exchange Board of India, (SEBI), in its notification dated 7 February, 2023 has bought in SEBI (Buyback of Securities) (Amendment) Regulations, ...