Delhi High Court held that detention of gold/jewellery is held to be impermissible since show cause notice has not been issued post detention. Accordingly, petition disposed of and detained jewellery directed to be released.
Article outlines crypto security threats for Indian investors in 2025, detailing phishing, scams and best practices like using cold wallets and 2FA.
ITAT Surat held that reopening of assessment under section 148 of the Income Tax Act without tangible material tantamount to change of opinion on the existing facts and the same is impermissible in law. Accordingly, appeal allowed and reopening quashed.
The Income Tax Act defines ‘relative’ differently for various sections. This guide clarifies how the term applies to different provisions and transactions for individuals and HUFs.
This guide explains the clauses of Form 3CD, the tax audit report, detailing reporting requirements for various transactions, from indirect taxes to business expenses.
NCLAT Delhi held that dismissal of section 9 application under the Insolvency and Bankruptcy Code upheld a case of pre-existing dispute arises out of termination of contract. Accordingly, appeal rejected and order of adjudicating authority upheld.
The application for approval under section 80G, though filed simultaneously, was rejected without any separate adjudication. The CIT(E) summarily disposed of the 80G application along with the 12AB rejection, without recording any satisfaction or finding in terms of section 80G(5).
Learn circumstances where a PAN is mandatory, including for high-value financial transactions, business turnover exceeding Rs.5 lakh, and various specific payments.
Find a detailed list of eligible tax deductions for your ITR for FY 2024-25. This guide covers key sections like 80C, 80D, and others to help you claim tax benefits.
Learn the legal and tax risks of converting credit card limits to cash via rent apps, including penalties, tax scrutiny, and potential violations of banking regulations.
