From April 1, 2025, ISD registration is mandatory for businesses distributing input tax credit on services across multiple offices under the same PAN.
ITAT Mumbai partially allows Raheja Legacy Trust’s appeal, reducing loan additions after assessing supporting documents for lender genuineness.
ITAT Ahmedabad directs verification of agricultural land sale 10 km beyond municipal limits to determine its capital asset status under Section 2(14)(iii).
CESTAT Bangalore rules KLE Society’s services to Malaysian university qualify as export of services, overturning a substantial service tax demand. The tribunal cited precedent cases like Vodafone Idea and Verizon Communication, emphasizing the recipient’s location and foreign currency payments.
Rajasthan HC directs CG Tollway Ltd. to file an appeal against GST orders while considering circulars and audit reports. Appeal to be resolved in 3 months.
Budget 2025 revises income tax slabs, making ₹4,00,000 tax-free. New rates range up to 30% for income above ₹24,00,000. Key deductions and rebates updated.
GST Amnesty Scheme 2024 offers penalty relief for FY 2017-20 with key rules for compliance. Learn about Form DRC-03A and challenges in eligibility and payments.
Income tax bill, 2025 aims to replace Income Tax Act, 1961, simplifying tax laws. Questions arise about its impact on revenue, litigation and tax administration.
ITAT Chennai sends case back for reassessment as the assessee was not given a final opportunity to explain cash deposits in bank accounts for AY 2012-13.
ITAT Mumbai remands case for fresh evaluation of Mohanlal Shikshan Sanstha’s applications under Sections 12AB & 80G due to procedural delays.
