Kerala High Court rules no GST applies to personal guarantees by directors or loans to subsidiaries. CBIC Circulars clarify GST exemption in related party transactions.
Explore global insurance fraud laws, prevention methods, and IRDAI’s role in tackling fraud. Learn how jurisdictions address risk management and regulatory gaps.
ITAT Nagpur held that the addition made under section 69A of the Income Tax Act towards unexplained money is liable to be quashed since the nature and source of deposit is clearly established.
ITAT Vishakhapatnam held that addition u/s. 69 r.w.s. 115BBE of the Income Tax Act merely on the basis of excel sheet seized from third party without any independent enquiry and independent corroborative evidences is unsustainable in law.
Success at CA. Exam BoS – Sessions starting from 26th December 2024 Series I & 6th January 2025 Series II for CA. Foundation students appearing in January 2025 Examinations
ITAT Chennai held that corrigendum issued by AO to rectify the mistake made while issuing original assessment order is legal and valid. Accordingly, matter remanded back to CIT(A) for adjudication on merits.
ITAT Ahmedabad restored the matter back to the file of CIT(A) after imposing cost of Rs. 5,000 on the assessee for negligence in diligently prosecuting the appeal before CIT(A). It is directed that amount is to be deposited in the Prime Minister’s Relief Fund.
Delhi High Court held that re-assessment proceedings set aside as assessment in respect of the AY 2015-16 falls beyond the period of ten years as stipulated u/s. 149 read with Section 153C of the Income Tax Act.
The Supreme Court rules that demolishing a house solely based on criminal accusations violates the rule of law, requiring due process and judicial oversight.
Registration for foreign food manufacturing facilities mandatory from Sept 2024 for specific food categories. Check FSSAI’s guidelines for compliance.
