This new rule aims to solve a problem: sometimes, small businesses don’t get paid on time, which makes it hard for them to have enough money to keep running. This rule makes sure they get paid quicker ...
The State of Kerala vs. Sivarajendran V case, heard in the Kerala High Court, pertained to a review petition seeking reconsideration of a judgment regarding the remission of Goods and Services Tax ...
The learned counsel for the petitioner contended that the petitioner was not aware of the proceedings, including the show cause notice and personal hearing, and therefore could not participate in the ...
In a significant verdict, the Supreme Court of India reaffirmed the mandatory nature of the time limit for refunds under the Delhi Value Added Tax Act, 2004. This article examines the case between the ...
Assessee’s Argument: The assessee contended that their valuation was based on an approved valuer’s report, making it a genuine claim, and thus, there was no concealment of income.
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 ...
In the case of Gopalkrishna Pandu Shetty Vs ACIT (ITAT Mumbai), the appellant challenged the denial of deduction under Section 54 of the Income Tax Act for the Assessment Year 2016-17. The dispute ...
In conclusion, the court affirmed that once a person is acquitted or discharged from the scheduled offense, the charge of money laundering under the PMLA cannot be sustained, and the attached ...
Ministry of Corporate Affairs (MCA) has recently imposed a penalty on a company, citing violations related to board meeting ...
Atul Commodities Private Limited recently filed multiple writ petitions before the Madras High Court under Article 226 of the Constitution of India. The petitions sought a Writ of Mandamus to compel ...
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 objective of this consultation paper is to seek comments / views /suggestions from the public on the proposals related to ...