Learn about unexplained cash credits under Section 68, tax implications, key legal cases, and compliance requirements to avoid penalties and litigation risks.
The Supreme Court rules DRI officers as proper officers for customs under Section 28, overturning past judgments and reshaping tax law interpretation.
Supreme Court dismisses Bihar Police Building Construction Corporation’s tax appeal due to significant delay.
Patna High Court rules interest earned on government grants for construction is taxable income, not capital receipt.
This article explores the risks associated with over submission in GST litigation, its impact on legal outcomes, and the best practices to mitigate these risks.
Appellant and SKF India are both subsidiaries of AB SKF Sweden. Appellant & SKF India have agreed to pool & combine their respective manpower & other resources for the purpose of achieving maximum synergetic benefits.
Key IBC case law updates from Oct-Dec 2024, covering Supreme Court and High Court decisions on CoC powers, resolution plans, related party transactions, and more.
Supreme Court dismisses tax case due to delay and lack of merit. Bombay High Court quashes reassessment notice against Teleperformance, citing flawed approval process.
Bombay High Court quashes reassessment notice in Teleperformance case due to lack of application of mind in granting approval under Section 151 of the IT Act.
ITAT Chennai held that although the assessee company was following the mercantile system of accounting, only real income could be brought to tax. Hypothetical income cannot be taxed. Hence, appeal of revenue dismissed.
