The ITAT Delhi has dismissed a reassessment appeal, ruling that a Section 148 notice issued on March 31 but dispatched on April 20 was invalid. The delay in service rendered the assessment void as it fell under new, amended law.
The ITAT Delhi quashed an income tax reassessment against Amar Chemicals, ruling the assessment void because the mandatory notice under Section 143(2) was not served.
The ITAT Chennai has upheld the addition of unexplained cash deposits for Sucram Pharmaceuticals, citing a lack of proof for alleged debt recoveries and scrap sales.
A guide to GST on freight as of August 2025, covering Goods Transport Agency (GTA) definitions, Forward and Reverse Charge Mechanisms, and HSN reporting requirements.
The Bombay High Court allows a company to set off interest expenses against interest income, ruling that a business can be considered commenced from its preparatory stage.
Learn about the committees and procedures for filing a sexual harassment complaint under the POSH Act, including the roles of the IC and Local Committee.
Chennai ITAT ruled that the Taxation and Other Laws Act (TOLA) does not extend the deadline for assessments, citing judicial precedents. The assessment order was held to be time-barred.
A summary of a report on GST inspection, search, and seizure procedures. It discusses the use of technology like AI and blockchain to improve transparency and efficiency.
India’s new Income Tax Act, 2025, will replace the 1961 law from April 1, 2026. Learn about key changes, including the “tax year” concept and simplified provisions.
Delhi ITAT rules on delayed PF/ESI deposits, distinguishing between periods before and after the Checkmate Services case. Learn when disallowances are valid under Section 143(1).
