Impact of electronic credit reversal & re-claimed statements under GST law. Learn about features, interpretation, and implications in this article.
Implications of recent court judgments on GST Input Tax Credit (ITC) in India. Learn practical tips for buyers to ensure compliance and mitigate risks.
Bombay High Court held that reopening of assessment u/s 147 of the Income Tax Act unsustainable as the assessee has fully and truly disclosed all the material facts.
Explore four types of income tax systems followed globally: Residence, Citizenship, Territorial, and Zero Taxation. Learn with real-life examples.
Explore the complexities of the Goods and Services Tax (GST) regime on India’s mining sector. Understand the impact on royalty, taxation, and compliance, with insights on recent legal developments.
ITAT Mumbai held that deduction claimed u/s. 80P(2)(d) of the Income Tax Act cannot be denied by invoking another sub-section of 80P. Accordingly, disallowance of deduction claimed u/s 80P deleted.
Concerns over errors in Income Tax portal. These errors led to thousands of notices being erroneously sent out to assessees, leading to confusion and panic.
In present facts of the case, the Hon’ble High court observed that ChatGPT cannot be the basis of adjudication of legal or factual issues in a court of law. AI cannot substitute either the human intelligence or the humane element in the adjudicatory process.
In present facts of the case the matter was compromised on the first day of hearing wherein the broadcasting of the plaintiff’s jersey was in dispute without the permission of the plaintiff.
Product JAC OLIVOL BODY OIL Intended to be Manufactured & Sold by Applicant Would be Covered Under Heading 3304 of First Schedule to Customs Tariff Act and Would be Taxed Accordingly Under GST Act.
