Calcutta High Court upholds PCIT’s power to revise assessment based on minimal bogus purchase addition, citing lack of inquiry and Supreme Court precedent.
Supreme Court dismisses N.K. Proteins Ltd.’s appeal against DCIT, upholding prior tax assessment. No detailed judgment provided. (139 Chars)
Karnataka High Court quashes simultaneous GST proceedings by Deputy & Assistant Commissioners against Al-Tech Engineering for FY 2019-20, citing legal bar.
Delhi HC rules courts must focus on specific allegations against accused in bail decisions, not just FIR details.
SEBI consults on easing REIT/InvIT business, clarifying public holding, aligning reporting timelines, and introducing an investor charter. Public feedback invited.
SEBI invites public comments on rationalizing QIP disclosures to avoid duplication and streamline fundraising for listed companies.
Learn how Section 50C impacts genuine property sales. Explore case laws, strategies, and defenses to handle unfair tax additions due to stamp duty value mismatches.
India’s Ministry of Finance instructs customs on immediate prohibition of import/transit of all goods from Pakistan for national security and public policy reasons.
Understand GST implications on capital goods sale as per Section 18(6) and Rule 40(2). Learn about ITC calculation, quarterly reduction, and GSTR-1 reporting.
Writ petition against CGST Rule 96(10) omission impact on IGST refund order. Court examines rule deletion effect on pending GST proceedings.
