A focused session breaks down recent Budget amendments affecting NRI taxation. It highlights how changes impact income, investments, and compliance, with practical guidance to avoid costly errors.
CBIC Circular 252/09/2025 clarifies that the eOffice Issue number is now considered the Document Identification Number (DIN) for verifiable communications.
CBIC clarifies that eOffice Issue number will serve as DIN for communications sent via public option, with online verification now available.
IBBI suspends IP Shivkumar Baser for one year over lapses in CIRP and delay in liquidation filing during Ila Metals Pvt Ltd case.
A detailed guide to audit obligations under Section 44AB and presumptive taxation schemes under Sections 44AD and 44ADA. Explains turnover limits, digital transaction benefits, lock-in rules, and when tax audit becomes compulsory
The Supreme Court, in Abhimanue v. State of Kerala, ruled that a High Court’s inherent power can be used to cancel bail even after a Sessions Court’s dismissal of a plea.
ITAT Chandigarh held that additional evidences filed by the assessee deserves to be admitted inspite of casual and callous approach of assessee since the ultimate object of adjudication is to do substantial justice. However, cost of Rs. 3,000/- imposed.
The Customs Authority for Advance Rulings (CAAR) in Delhi granted an advance ruling to Samsung Display Noida Pvt. Ltd., affirming that its imported inputs for manufacturing OLED displays for laptops and tablets are eligible for a customs duty exemption. The decision relied on the “part of a part is a part of the whole” principle and a recent CBIC clarification.
ITAT Amritsar held that the statements recorded behind the back of the assessee cannot be used for making addition unless and an opportunity to cross examine the witness is allowed. Accordingly, addition towards bogus purchases duly restricted to 1.2%.
This article examines advanced and practical challenges with the GST Input Service Distributor (ISD) mechanism, covering issues from expense identification to ITC eligibility and procedural gaps.
Delhi High Court held that AO is required to bring on record cogent evidence to justify the invocation of Section 13 of the Income Tax Act to deny exemption. Notably, material collected from the internet cannot be termed as corroborative piece of evidence. Accordingly, writ of revenue dismissed.
