Discover how India’s tax department is chasing dead people for GST payments. Learn about the legal challenges and the impact on families and the judicial system.
Madras High Court held that withdrawal of appeal under GST by inadvertently mentioning wrong assessment year by the auditor is restored back since the reason provided is found genuine. Accordingly, writ disposed of.
The Reserve Bank of India directs regulated entities to comply with recent amendments to the UN Security Council’s ISIL (Da’esh) & Al-Qaida Sanctions List.
Examine how officer actions during GST registration can impact businesses and ‘Ease of Doing Business’ in India, despite government reforms and online processes.
Explore India’s legal framework for Related Party Transactions (RPTs). Learn about the definition, types of transactions, approval matrices, and exemptions under the Companies Act and SEBI regulations.
The Chhattisgarh High Court has directed tax authorities to reconsider the pre-deposit conditions for an assessee’s appeal, reducing the monthly payment from Rs 5 lakh to Rs 1 lakh.
Assessee was entitled to refund of ₹7.98 crore as once a protest was lodged, it was upon the customs authorities to dispose of it by a speaking, appealable order, failing which, the protest could not be deemed to have lapsed.
ITAT Amritsar ruled that a company’s loans were not unexplained cash credits, deleting a tax addition after finding transactions were squared up through banking channels.
The ITAT Cochin has ruled against Muthoot Fincorp, confirming the disallowance of expenses due to non-deduction of TDS on a composite contract.
The ITAT Ahmedabad bench, in the case of DCIT vs. Phoenix Flexibles Private Limited held that a Commissioner of Income Tax (Appeals) cannot simply set aside a reassessment order and remand the case back to the Assessing Officer without first deciding on the jurisdictional and legal challenges raised by the taxpayer such as the validity of the notice and sanction for reopening.
