The Supreme Court overturned the Andhra Pradesh High Court’s decision to condone a 1011-day delay in filing a second appeal, citing lack of sufficient cause.
Bombay HC rules unexplained bank credits are taxable under Sec 68. Orders probe into accommodation entry racket by Buniyad Chemicals.
Supreme Court rules on police authority in cognizable drug-related offences under Chapter IV of the Drugs Act, emphasizing the role of Drugs Inspectors.
Explore the economic impact of AI, automation, and recession on India. Understand how income tax laws may evolve to address unemployment and fiscal challenges.
Chartered Accountants Association Surat advises members to use the “CA” prefix responsibly, ensuring compliance with professional ethics and ICAI guidelines.
Supreme Court held that the penalties imposed by the National Consumer Disputes Redressal Commission [NCDRC] are regulatory in nature and do not constitute “debt” under the IBC. Thus, penalty imposed by NCDRC needs to be complied with.
Sanjay Vs ITO (ITAT Delhi) ITAT Delhi condone delay in appeal of 1086 days in Sanjay vs. ITO: Key Ruling on Reassessment Under Section 147 & 148 Introduction The Income Tax Appellate Tribunal (ITAT) Delhi, in the case of Sanjay vs. ITO, Ward-2, Rohtak (ITA No. 3243/Del/2024), has set aside an EX PARTE reassessment order […]
Starting from 1st April 2025, all GST-registered persons who have multiple GSTINs under the same PAN must register as an Input Service Distributor (ISD) for the distribution of Input Tax Credit (ITC). This amendment aims to streamline the ITC distribution process, ensure better compliance, and enable centralized credit management across different branches or locations of a business.
Understand the impact of GST ITC on immovable properties post the 55th GST Council Meeting, including changes to Section 17(5)(d) and its tax implications.
Introduction The Goods and Services Tax (GST) in India offers a simplified tax compliance option known as the Composition Scheme, designed for small taxpayers to ease their tax burden and compliance requirements. However, certain categories of businesses and manufacturers are restricted from opting for this scheme. A crucial aspect of this restriction applies to manufacturers […]
