Delve into the provisions of Income Tax Act Sections 153A & 153C, governing assessments after search or requisition. Learn from court rulings and expert interpretations.
Explore the varying income tax rates across countries, from zero tax nations to those with high rates. Gain insights into historical changes and proposals for tax reform.
Learn from Associated Switch Gears and Projects Ltd. case how Allahabad HC ruled that GST Authorities cant raise new grounds beyond those in the Show Cause Notice. Analysis included.
Learn from Aryan Timber Store v. Sale Tax Officer case how Delhi HC ruled that GST registration cant be cancelled retroactively due to unfiled returns. Analysis included.
Read about case of Thiruvanmiyur Milk Consumer’s Co-operative Society Limited challenging assessment orders due to incorrect PAN categorization. High Court quashed orders and directed society to file returns electronically with corrected PAN.
Explore the provisions and challenges surrounding the handing over and taking over of assets and records in corporate insolvency under Section 19 of the Insolvency and Bankruptcy Code.
ITAT Mumbai held that as ownership of property lies with the developer on the day of ‘agreement of sale’, sale consideration is taxable under capital gains in the hand of developer and not in the hands of assessee.
ITAT Mumbai held that determination of Annual Let Out Value (ALV) of unsold flats held as stock-in-trade is not sustainable in law. Accordingly, addition of ALV of unsold flats deleted.
Explore the Patna High Court’s ruling on reassessment orders by the State of Bihar, highlighting limitations under the VAT Act and the implications for Birla Corporation Ltd.
Learn about the latest guidelines issued by the Directorate General of GST Intelligence (DGGI) for conducting investigations, ensuring compliance, and facilitating ease of doing business in certain cases.
