The Punjab and Haryana High Court held that under the Income Tax Act, 1961, interest on delayed payment of tax under Section 220(2) becomes payable only if the tax is…
The Telangana High Court has allowed a petition seeking revocation of GST ( Goods and Services Tax ) registration that had been cancelled due to non-filing of GST returns, holding…
In a recent development, the Supreme Court allowed the Income Tax Department to withdraw its long-pending Rs. 8,500 crore transfer pricing dispute against Vodafone India Services Pvt. Ltd., ending a…
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…