The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has set aside an addition of Rs. 4.90 lakh made under Section 68 of the Income Tax Act, 1961, and…
Top Stories Auction Purchaser Liable to Pay Outstanding Tax on Vehicle Acquired: Himachal Pradesh HC [Read Order] The bench noted that in accordance with section 9 of the Himachal Pradesh…
Top Stories Interception for Non-Generation of e-Invoice: What the Law Says and How to Respond Since e-invoicing became mandatory in phases beginning October 2020, road checks by Mobile Squads have…
Top Stories Non-Payment of Advance Tax Not Ground for Appeal Dismissal: ITAT Remands Case for Fresh Adjudication [Read Order] The tribunal held that if the assessee believes no advance tax…
Top Stories Inadvertent GST ECL Deposit by ISD Refundable with Interest: Delhi HC orders Refund with 6% Interest, Warns 18% for Delay [Read Order] The Court reiterated that the taxpayer…
Top Stories Attention GSTR-1/1A Filers: New Filing Rules You Must Follow From May 2025, GSTR-1/1A filers must follow new mandatory HSN reporting rules and complete document disclosure in Table 13…
Top Stories Major GST Refund and Appeal Rules Announced by CBIC in 2025: Key Takeaways for Businesses CBIC’s 2025 GST changes require invoice-based refunds and stop claims for payments made…
Top Stories Section 194DA TDS Deduction and Reporting in ITR-2: All You Need to Know Understanding these nuances helps insurers, agents and policy-holders avoid penalties and plan cash-flows more accurately.…
The Delhi High Court has strongly ruled that the GST official must clearly mention the specific provisions of the GST ( Goods and Services Tax ) Act and Rules that…
Top Stories Mutual Fund Taxation in India: Everything You Need to Know in 2025 The 2025 Budget revamps mutual fund taxation, removing indexation benefits and LTCG exemptions for debt-oriented funds…