The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) deleted addition of cash withdrawal under Section 69C of the Income Tax Act, 1961, observing that the documentary evidence…
The Securities and Exchange Board of India (SEBI) has recently amended the terms and conditions pertaining to mandatory deposit requirements on registered Investment Advisers (IAs) and Research Analysts (RAs). Through…
In recent months, there has been a growing number of cases where shops, restaurants, and service providers tell customers they can pay a lower price in cash without GST, but…
Subscribe to our Newsletter In a landmark decision, the Kerala High Court held that any debt arising out of a cash transaction exceeding ₹20,000, in violation of Section 269SS of the Income…
The Madras High Court has ordered the restoration of GST ( Goods and Services Tax ) registration which had been cancelled due to the petitioner’s failure to file returns on…
The Madurai bench of Madras High Court, in a recent ruling, quashed a GST ( Goods and Services Tax ) demand of ₹1.02 crore raised against a company under liquidation,…
The Central Goods and Services Tax ( CGST ) Act, 2017's Section 56, which requires interest on delayed GST refunds, is important to protecting taxpayers' financial rights. Under this Section, interest rates…
In a recent ruling, the Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) has directed the Assessing Officer (AO) to delete the addition made under Section 115BBE of the…
The Kerala High Court has held that the mere initiation of reassessment proceedings, which remain unfinalized, cannot be a ground to deny an assessee the benefits available under the Direct…
The Ministry of Finance under the Indian government has presented the revised Income Tax Bill 2025 in Parliament, replacing the earlier version that was withdrawn last week. Finance Minister Nirmala Sitharaman explained that the…