Delhi HC reviews immunity granted by the IT Settlement Commission to Standard Farms and others, focusing on the satisfaction of conditions for immunity under Section 245H.
RBI updates framework for imposing penalties and compounding offences under the Payment and Settlement Systems Act, effective from January 2025.
Learn about the GST clarification on late fees for delayed FORM GSTR-9C filing and the impact of recent changes on late fee calculation.
Gujarat HC sets aside faceless assessment order due to lack of personal hearing via video conference, directing a fresh order in compliance with natural justice.
Calcutta HC ruling clarifies that retrospective cancellation of suppliers’ GST registration does not invalidate recipient’s claim to Input Tax Credit (ITC).
Learn when NRIs need to file income tax returns in India, what incomes are taxable, and why ITR filing is beneficial for NRIs.
NCLAT upheld the approval of the Resolution Plan for Jason Dekor, dismissing procedural violations and emphasizing the CoC’s commercial wisdom.
NCLAT upholds CIRP initiation against Amit Yogesh Satwara’s firm due to financial default despite partial payment efforts and share pledge dispute.
ITAT rules inter-branch transfers excluded from turnover for concessional 25% tax rate under Finance Act, 2017, reducing tax liability for Power and Instrumentation Ltd.
ITAT Chennai held that Form 56F not signed by an accountant, as referred in section 10A(5) of the Income Tax Act, is defective and hence deduction under section 10A of the Income Tax Act not admissible. Accordingly, appeal of revenue allowed.
