CESTAT Allahabad held that any delay in filing of an appeal beyond the extended period of thirty days after expiry of normal period of sixty days, cannot be condoned
ITAT Delhi held that addition of cash credits in various bank accounts deleted by CIT(A) without verifying the persons/firm/Companies from whom the alleged amount has been credited is bad-in-law. Accordingly, matter resorted to the file of AO.
ITAT Mumbai held that addition under section 69B of the Income Tax Act towards unexplained investment sustained excel sheet and whatsapp chat are incriminating material found and seized during the course of search action.
High Court and held that the position in law was that the debt ‘due and payable’, when falls within the four corners of clause (a) to Section 530(1) of the Companies Act, would be treated as preferential payment, but it would not override and be given preference over the payments of overriding preferential creditors covered under Section 529A of the Companies Act.
Exploring the case of Karmaxx Infotech vs. Assistant Commissioner (ST) in the Madras High Court about GST registration cancellation and legal compliance.
Exports are a crucial component of economic growth and development of any country. They are catalyst in expansion of markets, diversify their economies, improve their balance of trade, and promote international cooperation. As such, countries that invest in developing their export capacity are likely to reap significant benefits in terms of economic growth and prosperity.
In recent events, residences and establishments of prominent YouTubers and content creators in Kerala, including actress Pearle Maaney, were subjected to raids by Income Tax (IT) division.
ITAT Bangalore held that PCIT duly invoked provisions of section 263 of the Income Tax Act as assessment order was passed by AO without carrying out necessary enquiry/verification.
Explore insights drawn from Chandrayaan-3’s mission & apply them to GST practices, from addressing obstacles to adopting automation.
The concept of independent directors brought about a significant shift in corporate governance, particularly following high-profile scandals such as the Enron case in the US and the Satyam controversy in India.
