SEBI seeks public comments on its draft circular for secure UPI transfers in the securities market. Submit suggestions by Feb 21, 2025.
Supreme Court upholds CESTAT’s decision, ruling no service tax is applicable on reimbursement of expenses, as no service element exists.
Andhra Pradesh HC rules on 100% GST penalty for delayed tax payment. Learn legal implications, compliance risks, and taxpayer safeguards under CGST Act.
When an assessee deposes on oath giving explanation of the reasons and circumstances for investment, the same could not be brushed aside on the basis of general principles of the modus operandi of bogus LTCG claims.
Economic Survey 2024-25 emphasizes deregulation, strategic investments, AI innovation, climate adaptation, and industrial growth to boost India’s economic competitiveness.
NCLAT Delhi dismisses Kotak Mahindra Bank’s appeal, ruling that delays beyond 15 days under Section 61(2) of IBC cannot be condoned.
CESTAT Ahmedabad rules that service tax with interest paid before a show cause notice (SCN) invalidates penalties under Section 78 of the Finance Act, 1994.
Orissa HC allows 10% deposit of disputed tax for stay in appeal, following recent notification reducing tax deposit requirements for first appellate orders.
Madras HC sets aside ITC reversal order under Rule 86B, ruling no personal hearing was provided. Case remanded for fresh consideration.
ITAT Visakhapatnam rules exemption under Section 54F can be claimed even if made after a notice under Section 148 of the Income Tax Act.
