ITAT Ahmedabad held that addition towards accommodation entries of bogus LTCG cannot be sustained in absence of any iota of tangible perceptible evidence. Accordingly, appeal allowed and addition set aside.
Explore the balance between corporate autonomy and minority shareholder protection, examining judicial restraint through the landmark Foss v. Harbottle case and the Tata-Mistry judgment.
Vague GST show cause notices undermine natural justice, leading to invalid tax demands and registration cancellations. Courts consistently rule for specificity in SCNs.
Understand GST refund procedures under the CGST Act, 2017, including eligibility criteria, application process, and recent developments to maintain liquidity and compliance.
Gauhati High Court held that anticipatory bail application is not maintainable since ineligible ITC amount involved is less 5 crores and hence the case falls under bailable offence. Accordingly, the application is rejected.
Learn how CAs can become indispensable trusted advisors by offering peace of mind, strategic guidance, and empathetic support, extending beyond basic compliance.
ITAT Jabalpur restores Nagar Panchayat’s reassessment case, directing AO to verify exemption claim under Section 10(20) for cash deposits from statutory functions.
Petitioner is a Pvt. Ltd. Company and registered with GST department. Petitioner was an authorized dealer of Ford India Pvt. Ltd. and was engaged in selling of motor cars, vehicle and part thereof and their repair and services.
ICAI’s Board of Studies is offering free live virtual classes for CA Final students preparing for May 2026, September 2026, and January 2027 examinations. Classes start July 21, 2025, covering key papers with interactive sessions and study resources.
The Delhi High Court upheld the termination of an Indian Army officer who refused to attend regimental religious parades, prioritizing military discipline and unit cohesion over individual religious beliefs. The court emphasized that the armed forces place nation before religion, and officers must lead by example to maintain troop morale and unity.
