India’s Goods and Services Tax ( GST ) collections continued to grow steadily, with net GST revenue rising 7.1% in the current financial year ( FY 2025-26 ) up to…
The Andhra Pradesh Authority for Advance Ruling (AAR) has ruled that maintenance charges for flow meters do not form a composite supply with the supply of recycled water and are…
The Ahmedabad Income Tax Appellate Tribunal (ITAT) has held that commission paid to non-resident agents for services rendered entirely outside India does not attract tax deduction at source (TDS) under Section…
A tax audit ensures that a taxpayer’s accounts are correct and that income, expenses, and deductions comply with the Income-tax Act, 1961. It is carried out under section 44AB by…
The Supreme Court has dismissed the appeal filed by EPC Constructions India Limited through its Liquidator by upholding the National Company Law Appellate Tribunal (NCLAT) and National Company Law Tribunal's…
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) confirmed the deletion of an addition made under Section 36(1)(va) read with Section 2(24)(x) of the Income Tax Act, 1961…
The Mumbai Bench of the Income Tax AppellateTribunal (ITAT) set aside the order of the Commissioner of Income Tax (Appeals) [CIT(A)] and remanded the matter back to the Assessing Officer (AO) with…
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) set aside the order of the Commissioner of Income Tax (Appeals)[CIT(A)] and remands matter for de novo adjudication where exemption under…
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) held that a gold sale transaction of ₹11.27 lakh, earlier treated as an accommodation entry under Section 69A of Income Tax…
The Mumbai Bench of the Income Tax AppellateTribunal (ITAT) held that a charitable trust can carry forward and set off the deficit resulting from spending more than its income on charitable activities…