Understand why an income-tax penalty under Section 271(1)(c) is invalid if the charge isn’t specified as concealment or inaccurate particulars. Learn legal precedents and appeal strategies.
Understand cost of material consumed, stock-in-trade, and inventory changes. Learn practical explanations, regulatory alignment, and reporting under Companies Act, 2013.
High Court allows delayed GST appeal (Section 107) due to peculiar circumstances, directing the appellate authority to hear it on merits within 8 weeks.
Karnataka HC set aside a consolidated GST demand order against IBC Knowledge Park, allowing company to avail Amnesty Scheme for specific financial years.
Supreme Court affirms Kerala’s power to tax cable TV as a luxury under Entry 62, List II, clarifying no conflict with central service tax on broadcasting.
Bangalore ITAT confirms Adarsh Developers’ right to claim ₹468 crore as business loss for advances to subsidiary, citing business expediency and prior precedents.
A legal summary of the Shanti Bhushan vs CIT case, where the court decided if heart surgery costs could be a tax-deductible business expense.
Explore recent ITAT judgments on reassessment validity, 80G exemptions, DTAA interpretation for online education (FTS/Royalty), transfer pricing methodologies, and cash deposit explanations under Section 68.
The Goods and Services Tax Network (GSTN) announced significant updates in May 2025, focusing on compliance and process improvements. Phase-III of mandatory HSN code reporting in GSTR-1/1A requires taxpayers with an annual turnover of up to ₹5 crore to report 4-digit HSN codes and those exceeding ₹5 crore to report 6-digit codes. Manual HSN entry […]
Supreme Court slams Kerala for misusing preventive detention to jail accused already on bail. Rules it’s not a substitute for criminal process, quashing detention order.
