ITAT Mumbai rules 14A amendment is prospective. No disallowance if no exempt income earned, upholding Delhi HC’s Era Infrastructure view.
An analysis of trust taxation under the Income Tax Act, including Finance Bill 2025 amendments, tax exemptions, anonymous donations, and business trust regulations.
SC rules criminal conviction not needed for gratuity forfeiture if misconduct involves moral turpitude. Upholds forfeiture in fraud cases.
SC rules void job ads grant no employment rights. Appointments made under illegal ads are null, upholding Articles 14 & 16.
Bombay High Court quashes penalty on VRML Constructions Pvt Ltd, citing technical glitches in ITBA records. Fresh proceedings may be initiated post-appeal disposal.
The Goods and Services Tax (GST) regime has been in effect for several years now, and while it has simplified the indirect tax landscape, it has also given rise to various litigations. One area that has been gaining attention in recent days is Tax Deducted at Source (TDS) in GST. In this article, we will […]
There are various taxes surrounding the transaction of investing in mutual funds. It includes various aspects such as tax on the individuals in the form of capital gains tax, stamp duty on the transaction, dividend income on the dividend distributed by the fund owner and the securities transaction tax for selling the units in the mutual funds.
As the financial year comes to a close, businesses must review their GST compliance to ensure accuracy and avoid penalties. Here’s a simplified checklist to help you stay on track and prepare for the new financial year.
ITAT Hyderabad rules in favor of Baburao Atluri, allowing Foreign Tax Credit despite Form 67 delay. Tribunal cites DTAA precedence over procedural rules.
Gauhati HC ruled on GST cancellation in Gautam Kar vs Union of India, directing a re-hearing on merits. The case involved procedural lapses and limitation issues.
