ITAT Ahmedabad held that gratuity premium paid to LIC was to be treated as business expenditure and the same is allowable under section 37(1) of the Income Tax Act.
Discover the proposed changes to the Geographical Indications of Goods Rules. Understand the implications and how to share objections or suggestions with the Ministry of Commerce and Industry
Supreme Court held that enhancing the price of imported goods by invoking rule 8 of the Customs Valuation Rules without any evidence is unjustified and bad-in-law.
Discover applicability of GSTR-9 and GSTR-9C for financial year 2022-23 and reporting requirements for different turnover categories.
CESTAT Delhi held that initiation of proceedings against Customs Broker alleging violation of regulation 10(n) of the Customs Broker Licence Regulations, 2018 unjustified as he is not the party to alleged mis-declaration and undervaluation.
Learn about the recent Supreme Court verdict that ruled Service Tax is not applicable to services provided to a Governmental Authority.
Dive into the complexities of GSTR 3B and GSTR 2A discrepancies! Explore the legal nuances and principles behind Input Tax Credit (ITC) refutation. Learn about challenges like non-uploading, delays, and erroneous filings, and how delays in claiming ITC and IGST errors impact taxpayers. Understand the judicial perspective on genuine errors and the importance of balancing tax compliance and protecting taxpayer rights. Stay informed to navigate the complexities of GST seamlessly.
Chhattisgarh High Court deems secret phone call recordings without consent a violation of Article 21’s right to privacy, setting a vital precedent.
Jharkhand High Court held that TCS is not to be collected in the transaction of purchase of coal which is used in generation of power. Accordingly, illegal sum collected as TCS is ordered to be refunded back with interest.
Income Tax Department’s recent searches reveal tax evasion schemes by contractors, leading to unaccounted cash and asset creation. Details of operation.
