ITAT Delhi held that disallowance @10% of personnel expenditure not justified since AO mistakenly presumed expenses claimed by assessee as personal expenditure instead of personnel expenditure. Thus, appeal allowed.
Delhi HC rules a mismatch in GSTR-3B and GSTR-1 does not invoke Section 74 of CGST Act without evidence of fraud or suppression of facts.
ICAI updates UDIN portal, changing data entry from alphanumeric to numeric format for uniformity. Implementation begins 6th December 2024 in phases.
Calcutta High Court quashes GST order for denying personal hearing, reaffirming mandatory compliance with Section 75(4) of the GST Act in adjudications.
Explore how direct tax tools and carbon credits are shaping green economies globally and in India. Insights on taxation policies and the Energy Conservation Bill 2022.
Discover how a banker resolved a longstanding customer complaint through effective communication, empathy, and attentive listening, improving customer loyalty.
Madhya Pradesh High Court grants bail, emphasizing arrests under PMLA must be rational, fair, and based on admissible evidence. Statements under Section 50 deemed inadmissible.
A proceeding u/s 271(1) (c) of the Act was initiated against the assessee as during the assessment proceedings u/s 143(3) of the Act it was seen that in the ABN Amro Bank account of the assessee a cash amounting to Rs. 20 Lakh was deposited.
NCLAT Delhi held that the Shareholders or Investors in CD are not to be treated as “person aggrieved” under the IBC. Thus, application filed by the shareholder under section 61 of the Insolvency and Bankruptcy Code is not maintainable
ITAT Kolkata held that notice issued under section 143(2) of the Income Tax Act by AO not having valid jurisdiction is not sustainable in law. Accordingly, assessment proceeding based on an invalid notice is liable to be quashed.
