The petitioner has filed the present petition impugning a notice dated 27.03.2018 issued under Section 148 of the Income Tax Act, 1961 for reopening the petitioner’s assessment for the Assessment Year 2011-12.
Kerala High Court held that depreciation allowance is deemed to be business loss for section 71 and 72 and can be set off only against profits or gains of business and not against income from any other sources.
Karnataka HC rejects bail under UAPA, emphasizing national interest over personal liberty. Landmark judgment highlights the precedence of societal safety.
SEBI proposes stock brokers’ participation in the NDS-OM for trading Government Securities via Separate Business Units. Public comments are open until October 25, 2024.
GST amendments introduce a common time limit for demand notices, applicable from FY 2024-25, for both fraud and non-fraud cases under Section 74A of CGST Act.
Explore key insights on income tax reassessments in light of recent Supreme Court rulings, focusing on changes to procedures and time limits.
Explore key aspects of adjudication and compounding of offences under the Companies Act, 2013, including penalties, non-compliance risks, and e-adjudication procedures.
Understanding how Input Tax Credit (ITC) applies when output supply is exempt or subject to Reverse Charge Mechanism (RCM) under Section 17 of the GST Act.
Andhra Pradesh High Court clarifies GST liability on annuity payments under the Hybrid Annuity Model, following CBIC circular on time of supply for National Highway projects.
Explore Rajkot ITAT rulings on tax treaties, business expenses, excess stock, and reassessment under IT laws. Case studies include Atlantic Shipping, Saurashtra Cement & more.
