A comprehensive overview of the revamped TDS structure, detailing how the Act reorganizes withholding rules and clarifies rates, thresholds, and compliance ...

Court ruled that a demand order without an officer’s signature remains valid when Form GST DRC-07 contains full officer details. It also held that rectification cannot be rejected without providing a ...

INVITs must operate strictly within their trust deed. Any investment or transaction outside its scope is void, with trustees liable for legal ...

The Tribunal held that once the assessee provided prima facie evidence of identity, creditworthiness, and genuineness, the ...

Learn how to manage your new credit card responsibly. From timely payments to avoiding unnecessary cash withdrawals, these ...

The High Court set aside a GST appellate order after finding that it lacked reasoning and failed to address the taxpayer’s ITC claim made in GSTR-9. The matter was remanded for fresh ...

ITAT Surat relied on precedents (Hari Gopal, Marksans Pharma, Boparai P. Ltd.) to hold that ad-hoc or percentage-based additions do not trigger Section 271(1)(c) penalty. Appeal allowed, penalty ...

SC ordered Department to comply with High Court directions and issue C-Forms and F-Forms after verification of indemnity bonds, leaving legal questions open for future ...

The ITAT Rajkot ruled that exporters with turnover below ₹10 crore are equally eligible for 80HHC deductions, following the Supreme Court’s Avani Exports ratio. The Tribunal held that retrospective ...

The Tribunal ruled that duty drawback income recognized on cash receipt basis cannot be taxed on accrual, as consistent accounting practice caused no revenue ...

CIT(A) set aside penalties imposed for violations of Sections 269SS and 269T, as they were issued beyond the statutory limitation period. The ruling reaffirms that late penalty orders are invalid even ...

ITAT held that reassessment notices under sections 147/148 were invalid as the reasons were vague and lacked tangible evidence. Reopening cannot be used merely to verify or scrutinize transactions ...