Learn to effectively handle faceless income tax scrutiny assessments. This guide covers notice receipt, timely response ...

Understand the importance of correct formats for Section 143(2) scrutiny notices. Learn how non-compliance impacts tax ...

SC rules that nominees under Section 109A of the Companies Act do not gain absolute ownership of shares, preserving legal ...

CESTAT Delhi held that statement recorded under section 108 of the Customs Act cannot be considered as evidence under section 138B of the Customs Act. Accordingly, demand based on the statement ...

The ITAT Bangalore quashed a Section 263 revision order concerning a Section 54F deduction, citing insufficient inquiry by ...

ITAT Ahmedabad deletes arbitrary disallowances under Section 40A(2)(b), emphasizing AO's burden to prove excessiveness in related party ...

ITAT Mumbai quashes reassessment notices for Rising Star Investment for AY 2017-18, citing jurisdictional defects and lack of proper sanction. Also deletes Section 56(2)(viia) addition based on DVO ...

ITAT Mumbai held that all the conditions of slump sale as provided under section 2(42C) of the Income Tax Act read with section 50B of the Act is satisfied. Accordingly, benefit of section 50B granted ...

RBI now permits investment vehicles to issue partly paid units to foreign investors, addressing prior ambiguity and ...

Understand key restrictions on Input Tax Credit (ITC) under Section 16 of the CGST Act, 2017, and recent judicial interpretations impacting buyer claims due to supplier ...

Gujarat High Court quashes Income Tax Act Section 148 notices for AY 2015-16, citing Supreme Court precedents on time-barred ...

Madras High Court held that in terms of section 129(2)(c) of Sabka Viswas (Legacy Dispute Resolution) Scheme, 2019 [SVLDRS], department empowered to withdrawn the benefit as in case of ‘voluntary ...