Understand cryptocurrency taxation in India, including the 30% VDA tax, 1% TDS, and acquisition methods, as per evolving government regulations.
Understand gold taxation in India, including what qualifies as a capital asset, short-term vs. long-term gains, and applicable tax rates.
MCA imposes ₹2.10 lakh penalty on Baby Memorial Hospital Ltd for non-compliance with demat rules in securities allotments between 2021 and 2023.
Anthropic CEO warns AI could displace half of entry-level white-collar jobs. Learn about the potential economic impact and proposed solutions for workforce adaptation.
Delhi High Court held that GST SCN uploaded on ‘Additional Notices Tab’ was not noticed by the petitioner. Hence, order set aside and matter remanded back to Adjudicating Authority. Further, petitioner is granted time to file their reply.
CESTAT Delhi held that re-determination of transaction value merely on the basis of emails of quotations of different supplier cannot be sustained since there is absolutely no evidence for rejection of transaction value.
Rajasthan High Court upholds trust registration under Section 12A, ruling initial approval hinges on genuine objects, not income application. Clarifies AO’s role in annual assessments.
Bombay High Court dismisses Revenue’s appeal against Agfa India, ruling reassessment invalid as Assessing Officer acted under dictation, lacking independent reason to believe income escaped assessment. Highlights judicial precedents on AO’s discretion.
CBI attaches over Rs. 7 crore in assets in a disproportionate assets case and arrests senior IRS officer in bribery investigation.
ITAT Delhi held that disallowance of expenditure on adhoc basis without contrary material and without rejection of books of accounts not justifiable. Accordingly, disallowance made in the impugned order deleted.
