Chhattisgarh High Court held that reasonable cause has been shown for non-compliance with the provisions contained in Section 269T of the Act and further it is not disputed that the transaction is genuine and bona fide.
Decode tax benefits for business vehicle purchases, including EVs, under GST & Income Tax. Understand ITC rules, depreciation, and blocked credits for optimal financial planning.
The present appeal has been filed by the assessee against order passed by the Commissioner of Income Tax (Exemption), Ahmedabad, dated 20.08.2024, denying grant of approval u/s. 80G(5) of the Income Tax Act, 1961.
Understand compounding under the Companies Act, 2013 for compliance lapses. Learn about authorities, process, types of offenses, and benefits for companies.
Explore how critical thinking, a disciplined approach to analysis and judgment, elevates Chartered Accountants from compliance to insightful financial leadership.
Discover how Chartered Accountants can evolve beyond compliance to become indispensable advisors, offering strategic insights, proactive solutions, and a truly client-centric approach.
The primary significance of the Place of Supply lies in determining whether a transaction is an inter-state supply (attracting IGST) or an intra-state supply (attracting CGST and SGST/UTGST).
Delhi High Court held that addition towards unexplained credits against companies used as a conduit for routing accommodation entries is not justified since they are not ultimate beneficiaries. Accordingly, appeal of revenue dismissed.
CBIC unveils FY2025 action plan, launches feedback system, and uncovers Rs. 20 crore import fraud involving undervalued luxury furniture.
Delhi High Court held that reassessment under section 148 of the Income Tax Act cannot be sustained since there is no tangible material for forming a belief that petitioners had a dependent Permanent Establishment or Fixed Place PE in India
