ITAT Hyderabad held that entire cash deposits added towards unexplained money unjustified since benefit of telescoping of withdrawals against the subsequent deposits should be given. Accordingly, matter remanded back.
P&H HC rules IPC prosecution is not barred despite overlapping GST Act charges. Anticipatory bail granted in GST fraud case involving ₹25 crore ITC claims.
Punjab & Haryana High Court condones GST appeal delay, enabling businesses to seek relief despite missed deadlines, ensuring fairness under Article 226 of the Constitution.
Held that the Income Tax Department is permitted to withdraw from the bank accounts of the Company/petitioners a total sum of Rs.6,42,07,469/- towards 20% of the amount directed to be paid as a condition for stay by the First Appellate Authority in order.
Learn about common income tax notices for salaried individuals, their implications, and steps to handle them effectively. Avoid legal hassles with proper compliance.
Delhi HC mandates Delhi Police to add arrest grounds in memos, ensuring compliance with Section 50 CrPC to safeguard individual liberty.
Rajasthan AAR clarifies GST rate and classification of hydrated lime with less than 98% purity under HSN 2522, attracting 2.5% CGST and 2.5% SGST.
Learn about private equity exit rights in India, SEBI’s recent directives, and strategies to address regulatory challenges for investors and market growth.
Explore the potential of regulatory sandboxes in India to address ICO regulation, balancing innovation with investor protection in the digital asset market.
Explore the Supreme Court’s impact on India’s tax reassessment system, highlighting judicial intervention, tax administration, and the need for tax reform.
