ITAT Chandigarh has set aside the CIT(E)’s order cancelling the registration of Aryans Educational & Charitable Trust, holding that issues previously settled by the Tribunal cannot be re-opened for cancellation.
The 2025 GST reform simplifies SUV tax: Compact SUVs now 18% GST, larger models 40%, and all Electric SUVs remain at 5%. Compensation Cess abolished.
Explainer on why wholesalers avoid permanent 10% GST loss after rate cuts: ITC on 28% purchase offsets 18% output tax. Loss occurs only if ITC is ineligible.
How to apply for ZED Certification (Bronze, Silver, Gold) via MSME portal. Learn about required documents, 4-5 day approval time, and government subsidies (up to 95%).
Clarifications for retailers on new GST rates from Sept 22, 2025: applying revised rates to stock, ITC reversal for exempt supplies, and use of accumulated credit.
Supreme Court shortens tax appeal deadline to two months for an Educational Society seeking a large income tax refund mistakenly denied, overriding the High Court’s one-year timeline.
Tribunal held that a personal loan taken against mortgage was advanced to the spouse with interest, and netting of interest paid and received is allowed under Section 57. Disallowance of ₹7.68 lakh was deleted.
ITAT Mumbai deletes ₹14.5 Cr addition u/s 68 on unsecured loans, ruling onus shifts to Revenue once taxpayer provides PAN, bank statements, and ITRs of lenders.
ITAT Chandigarh deletes ₹1.64 Cr tax addition, ruling interest under Section 28 of the Land Acquisition Act is part of compensation, exempt under Section 10(37) for agricultural land.
Indemnity clauses in corporate transactions allocate risk for pre-closing liabilities and breaches of warranties. Learn about caps, baskets, and limitations of liability.
