GST registration cannot be cancelled mechanically without taking into consideration the points in reply, statements and evidence recorded during verification: Allahabad HC
In a dynamic economy like India, taxation isn’t just about payment—it’s about strategic alignment with law to optimize profitability. GST and income tax laws are crafted not just to collect revenue, but to incentivize structure, influence behavior, and foster compliance.
Supreme Court reverses Telangana High Court’s order in a 53-acre land dispute, emphasizing the necessity of valid title and proven possession, amidst a complex history of land ceiling laws and disputed agreements.
ITAT Cochin confirms ₹1.05 Cr cash deposit addition for AY 2017-18. Assessee failed to explain source from fish sales, and new evidence was rejected as belated.
SEBI mandates Verified UPI Handles from Oct 2025 to secure Indian capital markets. Intermediaries must use authenticated payment channels to prevent investment fraud.
A key area of contention has been whether cost incurred for purchase of land or commencement of construction before date of transfer of original asset is eligible for section 54F exemption
ITAT Cochin rules in favor of assessee Chemangattu Jose John, deleting Section 69A addition related to property sale consideration discrepancy, citing transparent bank receipts.
