Allahabad HC quashes GST demand against Solvi Enterprises, ruling that the selling dealer was registered at the time of transaction. Case remanded for fresh review.
PCIT Vs Greenply Industries Ltd (Gauhati High Court) The Gauhati High Court’s recent judgment in “The Principal Commissioner of Income Tax v. M/s GreenPly Industries Ltd.” provides valuable clarification on the characterization and resultant tax treatment of excise duty exemptions. The court’s decision, delivered on March 4, 2025, addresses two crucial questions: whether excise duty […]
A One Person Company (OPC) is needed to conform with annual submitting regulations below the Companies Act, 2013. Filing the OPC Annual Return ensures transparency, financial accuracy, and legal compliance.
Cloud computing has revolutionized the way organizations manage, store, and utilize data by providing a flexible, scalable, and cost-effective infrastructure.
Learn about SEBI Settlement Proceedings, including application filing, settlement terms, and procedure under SEBI Regulations, 2018.
ITAT Delhi held that re-assessment proceedings under section 147 of the Income Tax Act initiated due to change of opinion without having any fresh material on record is liable to be quashed. Accordingly, appeal of revenue dismissed.
Delhi High Court held that imposition of penalty under section 271DA of the Income Tax Act is justifiable since there is no inordinately and inexplicably delay in initiation of penalty proceedings. Accordingly, writ dismissed.
Delhi High Court held that reassessment order is liable to be set aside as it was based on information that was fully examined in the earlier round of reassessment u/s. 147 r.w.s. 144B of the Income Tax Act. Accordingly, appeal allowed and order set aside.
CCI dismissed allegations of anti-competitive practices in tender for an Olympic-standard pool in Maharashtra. Case highlights tender specifications and fair competition.
Delhi HC confirms Section 40A(3) inapplicable to property investments, affirming ITAT’s ruling in PCIT Vs Sanskar Homes Pvt. Ltd. Appeal dismissed.
