In a significant ruling, the Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has held that rental income derived by a charitable trust, if incidental and ancillary to its…
In a recent ruling, the Patna High Court quashed preliminary orders and held that notices issued under Section 148 of the Income Tax Act, even under the unamended provisions, must…
In a recent ruling, the Allahabad High Court has quashed the Goods and Services Tax ( GST ) demand of Rs. 2.11 crores which was issued under Section 74 of…
Top Stories Mutual Fund Investments Are Neither Trading Nor Service, But Non-Taxable Financial Activities: CESTAT in GMR Case [Read Order] CESTAT ruled that mutual fund investments are neither trading nor…
Top Stories May 2025 Income Tax Compliance Calendar: Key Dates and Deadlines A detailed checklist of all key income tax compliance deadlines and filings due in May 2025 for businesses,…
The Goods and Services Tax Network ( GSTN ) has announced the implementation of Phase 3 for reporting Harmonized System of Nomenclature ( HSN ) codes in Table 12 of…
Top Stories ICAI Releases 10th Edition of GST Acts and Rules – Bare Law with New Amendments [Read Bare Law] ICAI released the 10th Edition of GST Acts and Rules…
Top Stories GST Compliance Calendar for May 2025: Key Filings and Deadlines A complete compliance guide outlining key GST, customs, company law, and labor law deadlines businesses must meet in…
Top Stories Income Tax Return: Major Changes in New ITR Forms ITR-1 and ITR-4 A prima-facie analysis of ITR-1 (SAHAJ) and ITR-4 (SUGAM) reveals key updates By Manu Sharma -…
The Bombay High Court at Goa quashed the GST demand raised on various regulatory fees collected by Goa University, including affiliation charges, prospectus fees, migration certificate charges, and similar statutory…