The Delhi High Court quashed the revision of assessment on failure to enquire about unexplained cash deposit found credited in bank account. The moot question which arises for consideration is…
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT), quashed assessment order and observed that non-issuance of notice under Section 143(2) of the Income Tax Act, 1961 is not…
A Division Bench of the Allahabad High Court held that Goods and Services Tax (GST) Input Tax Credit (ITC) should not be disallowed solely based on wrong mention of the…
In a significant legal development, the Income Tax Department is gearing up to appeal a recent Delhi High Court ruling that deemed Income Tax assessment orders without a Document Identification…
The Delhi High Court observed that the Income Tax Department can proceed against employer for recovery of deducted tax from the employee. The factual position pleaded by the petitioner, Chintan…
In India, there has been a growing burden of overweight and obesity over the past three decades. National Nutritional Monitoring Bureau survey 2017 on diet and nutritional status of urban…
The Kerala High Court disposed of the writ petition with liberty to the petitioner to approach the Goods and Service Tax (GST) Appellate authority. Parameswaran E C, the petitioner seeking…
The Central Board of Indirect Taxes & Customs (CBIC), vide notification no. 86/2023-CUSTOMS (N.T.) has notified the amendment in tariff values of crude palm oil, Gold, Silver and Areca Nuts…
The government is actively exploring the implementation of a minimum time requirement for transactions exceeding a specific amount, particularly for initial interactions between two individuals. This initiative aims to combat…
The Delhi High Court corporate veil of the company will be lifted when fraud or improper conduct results in tax evasion under the Excise Act, 1944. Punjab Expo Breweries Pvt…