ITAT Delhi held that reopening assessment under section 148 of the Income Tax Act merely based on the investigation report without concluding the nature of alleged accommodation entry is unjustifiable and liable to be quashed.
ITAT Chandigarh held that addition invoking the deeming provisions of section 69 r.w.s. 115BBE of the Income Tax Act unjustified as nature and source of undisclosed income/ investment duly explained by the assessee.
Mumbai ITAT rules income from sale and subscription of journals not basis to deny exemption u/s 11 if not main objects of trust in ITO vs Satvichar Darshan case. Detailed analysis provided.
DCIT Vs Delight Suppliers Pvt. Ltd. case by ITAT Kolkata, where currency derivative loss was deemed genuine and safe harbour rule of 5% under Section 50C was allowed.
Discover penalty imposed by MCA on Mawana Foods Pvt Ltd for a 249-day delay in appointing a Key Managerial Personnel (KMP) under Section 203 of Companies Act, 2013.
Learn about job work in GST, including definitions, documents, ITC implications, and responsibilities of principal persons and job workers.
Discover the pathway to practicing law in Canada for internationally trained lawyers, from application to bar admission, including exams, coursework, and articling.
Explore how MSMEs contribute to Viksit Bharat’s development through access to finance, ease of doing business, technology adoption, market access, and infrastructure support.
Explore the landmark judgment of Satender Kumar Antil vs. Central Bureau of Investigation, where the Supreme Court of India categorizes offenses for bail and emphasizes the importance of liberty in modern civilization.
Explore remedies for taxpayers under the Income Tax Act, 1961, comparing appeals & revisions. Understand procedures, limitations & implications for equitable tax dispute resolution.
