While expressing its fuming anger at the most horrific incident which demonstrated complete naked gross misuse of power which shook the entire nation, the Punjab and Haryana High Court at Chandigarh ...

ITC availed on inputs used in the manufacture of finished goods that subsequently got destroyed, must be reversed: Telangana ...

ITAT Ahmedabad held that addition invoking provisions of section 50C (2) of the Income Tax Act without referring the valuation of the capital asset to the valuation officer is not justifiable.

Up-down in the financial market is a very common thing. I am using the word common, due to a reason that those who enter into the financial market are very well aware of this fact. If all the players ...

The GST framework for hotel accommodation and restaurant services has been revised, effective April 1, 2025, as per Notification No. 05/2025 – Central Tax ...

TIS is a summary version of the AIS. So, if your AIS and TIS show something you didn’t include in your ITR, it could trigger a notice. Here’s the thing — many taxpayers don’t even check their AIS and ...

Karnataka High Court held that reassessment order under section 148 of the Income Tax Act is bad-in-law since passed without following mandatory procedure of disposal of objections. Accordingly, order ...

Madras High Court held that writ against order confirming demand towards difference between Input Tax Credit (ITC) availed in GSTR -3B and ITC available as per GSTR – 2A dismissed due to availability ...

The ‘on money’ gets surfaced during search and surveys in the form of loose sheets, chits, diaries, whatsapp chats, ...

The Petitioner contended that the blocking of ITC was done mechanically without independent application of mind by the jurisdictional officer and without recording “reasons to believe” as required ...

Explanation: The traffic-in-transit route via rail through Raxaul would be as per Treaty of Transit between India and Nepal ...

In consultation with the Chief Justice of the High Court of Chhattisgarh, the Central Government has revised the designation of the Special Court handling PMLA cases for the State of Chhattisgarh. The ...