Delhi High Court emphasizes sparing use of writ jurisdiction in fraudulent ITC cases, citing severe harm to GST. Directs petitioner to use appellate remedy.
CESTAT Delhi affirms rejection of refund for Diamond Mink Blankets, citing finality of assessment and Supreme Court precedent in ITC Ltd. case.
his article presents an expert-level analysis of accounting for taxes on income, referring to the Indian Accounting Standard AS 22 (Accounting for Taxes on Income) and the corresponding Ind AS 12 (Income Taxes).
ITAT Ahmedabad sends unexplained demonetization cash deposit case back to AO, granting assessee new chance to explain source after ex-parte order.
The updates concerning the ITR-5 form for Assessment Year (AY) 2025-26. The Central Board of Direct Taxes (CBDT) has made important changes to fall in line with the Finance Act, 2024, and Notification No. 42/2025, dated May 1, 2025, that taxpayers need to know to ensure proper filing. Applicability of ITR-5 Form ITR-5 form is […]
The official justification? India buys oil from Russia, refines it, and sells it to Europe – allegedly profiting from the war. The irony is hard to miss: US itself trades in items like enriched uranium and mercury with Russia. Apparently, it’s only wrong when others do it.
Understand Section 206C: Amendment in Interest rate for late payment of TCS. Learn the new 1.5% rate effective April 2025.
Madras High Court quashes order rejecting GST refund due to non-response, directing authorities to reconsider refund claim under Section 54 and IGST Act Section 16(3).
This article provides an in-depth comparative study of AS 19 and Ind AS 116, examines the underlying concepts, explores complexities through real-life examples, and analyses their implications on financial reporting.
J&K High Court held GST Budgetary Support refunds be based on fixed value addition rates under Notification 01/2010-CE, not actual higher rates.
