ITAT Delhi held that addition towards unexplained cash credit under section 68 of the Income Tax Act unsustainable as nature and source of credit duly explained by the assessee.
ITAT Mumbai held that addition of unexplained investment u/s 68 sustained as genuineness of transaction in shares not proved. Further, SEBI also found manipulative trade executed in entities to whom shares were sold by the assessee.
After a car accident, you need to notify your auto insurance company as soon as possible. For many people, this is when they realize some of the things they believed about car accidents and insurance claims are myths.
Ministry of Consumer Affairs amends Consumer Disputes Redressal Commission Rules, 2020, introducing a revised fee structure based on value of goods or services paid.
RBI introduces UDGAM portal, facilitating easy access to unclaimed deposits across multiple banks. Users can claim their funds or reactivate accounts.
Rama Shanker Modi Vs Assistant Commissioner (Calcutta High Court) Appellant Authority cannot reject appeal merely on the ground that order copy was not furnished physically The Hon’ble Calcutta High Court in Rama Shanker Modi v the Assistant Commissioner, Central Goods And Services tax and Central Excise [WPA 15639 of 2023 dated July 20, 2023] set […]
Read analysis of ITAT judgment in Saraswati Gupta vs. ITO case confirming penalties under sections 271A and 271B for not maintaining and auditing books of account. Learn about the outcome and reasoning.
Explore the intricate provisions of GST related to the transfer of tax liability in situations where direct collection from the taxpayer is challenging. Understand the rules from business transfers to cases of death, insolvency, and more. Stay informed to ensure compliance and avoid potential litigations.
Explore the statutory provisions, instructions, and challenges surrounding the refund of excess balance in the electronic cash ledger under GST Law in India.
Explore the legal landscape of hybrid securities in India, their definition, convertibility, and recent Supreme Court verdict in the Sahara Group case.
