New Delhi ITAT explains that Explanation 3 to Sec 147 can’t justify additions unrelated to reasons for reopening. Read the detailed analysis.
Indore ITAT clarifies that a firm can’t deny land ownership if bought through directors. Read the detailed analysis of Bagora Developers Pvt. Ltd. Vs ACIT case.
Discover the crucial tax compliances taxpayers must remember before 31st March 2024, covering income tax and GST perspectives, ensuring smooth year-end operations.
Learn about the Maharashtra Labour Welfare Fund Amendment Act 2024, raising contribution rates to Rs 25 per employee and thrice for employers. Details and implications discussed.
Discover the process and significance of creating a Supplementary Agreement to the LLP Agreement for a name change as per Section 23(4) of the LLP Act, 2008.
Analysis of Tiwari Furniture Vs State of West Bengal: Court allows writ petition against detention under 129 GST due to tax already paid & Rule 138A compliance.
Learn about the Memorandum of Changes (MOC) in bank audits – its importance, nature, format, and key considerations for auditors. Ensure accuracy in financial statements.
Discover the Karnataka High Courts landmark decision on excluding time spent in filing wrong appeals from limitation periods.
Explore the Gujarat AAR ruling exempting employer-provided perks from GST, implications, ITC eligibility, and contractual agreements.
The issue of Input Tax Credit (ITC) under the GST regime has been a contentious subject, particularly when suppliers’ registrations are retrospectively cancelled. This article delves into recent court cases shedding light on this matter and its ramifications for taxpayers.
