Learn about Input Service Distributor (ISD) under GST, ITC distribution rules, and compliance requirements to ensure tax efficiency and avoid disputes.
Understand the importance of Diversity, Equity & Inclusion (DEI) at the workplace, its benefits, and the role of leadership in fostering an inclusive environment.
Delhi High Court held that relaxation of conditions prescribed under rule 9C of the Income Tax Rules is discretionary power and is not amenable to judicial review unless the court finds that exercise is capricious, malafide, arbitrary and/or unreasonable.
CAAR Mumbai defers ruling on sweet supari classification due to pending High Court case, application disposed of without ruling.
ITAT Mumbai quashes Sec 263 revision in Narayan Rane’s case. Holds AO took plausible view, order not erroneous & prejudicial despite Pr. CIT alleging lack of inquiry.
Bombay High Court dismisses revenue appeal, upholds ITAT ruling on assessment of CD marketing rights expenditure.
Delhi High Court clarifies in Anindita Sengupta case that SC’s Ashish Agarwal judgment doesn’t mandate reopening concluded income tax reassessments.
Delhi High Court held that Nokia Network OY does not have Fixed Place Permanent Establishment in India [PE] and hence offshore supplies were not taxable in India. Appeal stands dismissed, accordingly.
Finance Act 2025 introduces major direct tax changes, including revised income tax slabs, increased rebate limits, and updates to perquisites, NPS deductions, and charitable trust taxation.
Delhi High Court held the issuance of notice under section 28(4) of the Customs Act post issuance of notice under section 28(1) on similar factual matrix is bad in law. Thus, subsequent notice issued u/s. 28(4) is set aside.
