Allahabad High Court clarifies whether FIRs for pre-July 1 offences should be under IPC or BNS, and which procedural law (CrPC/BNSS) applies.
ITAT Delhi held that invocation of provisions of section 56(2)(viib) of the Income Tax Act erroneous as there is no over-valuation of shares over the fair market value of shares. Accordingly, addition made u/s. 56(2)(viib) deleted.
Understand income tax rules for cash deposits in businesses using presumptive taxation (Sec 44AD, 44AE). Learn about unexplained credits and bank statements.
Tamil Nadu AAR rules that a Town Panchayat granting right to collect weekly market entry fees is exempt from GST as a function under Article 243G.
Bombay High Court confirms private trust assessable as Association of Persons, upholding disallowance of interest paid to beneficiaries under Section 40(ba).
Tamil Nadu AAR ruled that medicines and consumables supplied to in-patients by a hospital pharmacy are part of exempted composite healthcare services under GST Notification 12/2017.
Delhi High Court rules seized gold Kada worn by Sikh passenger is a personal effect, setting aside Customs detention citing precedent on baggage rules and invalid waivers.
Delhi High Court directs Customs to release passenger’s seized gold per appellate order, ruling intent to file revision is no ground to withhold goods.
Bombay High Court grants bail to Customs Superintendent arrested by CBI over alleged ₹5 lakh bribe demand for shipment release at JNPT.
Delhi High Court directs GST Commissioner’s presence over “harrowing experience” of widow Bhavna Luthra’s pending refund.
