Supreme Court held that the Purchase Price as defined u/s. 2(18) of the Gujarat Value Added Tax Act, 2003 would not include purchases on which no value added tax was claimed nor granted.
The department issued notice u/s. 148A(b) of the Income Tax Act, 1961, alleging that the petitioner had received loan from its 100% subsidiary i.e., Gul Properties Pvt. Ltd.
Explore the importance of recording statements in tax law, their evidentiary value, and the legal process for retraction. Learn about admissions and their implications.
SC slams High Court for ‘playing it safe’ on bail in Manish Sisodia’s case, emphasizing that bail should be the norm, not the exception.
Understand the critical role of Chartered Accountants in RERA audits, ensuring project compliance, financial transparency, and adherence to real estate regulations.
Bombay HC rules that only Faceless Assessing Officers can issue Sec 148 notices, quashing those issued by Jurisdictional Assessing Officers.
Master the 2023 due dates for annual filings of all company types. Avoid penalties with our comprehensive guide to ROC compliance.
Madras High Court held that even though the time limit is not prescribed for filing petition under Article 226 of the Constitution of India, the same should be filed within a reasonable time.
Associated Chambers of Commerce And Industry of India Vs Deputy Commissioner of Income Tax & Ors. (Delhi High Court) Delhi High Court held that action of reassessment merely on the allegation of delayed digital filing of Form 10 without based on the formation of an opinion that income chargeable to tax has escaped assessment. Facts- […]
Madras High Court held that personal hearing through video conferencing or other mode was not provided inspite of specific request. Hence, order passed without satisfying mandatory requirement of section 144B of the Income Tax Act is unsustainable in law.
