Summary of GST Rule 89(5) for Inverted Duty Structure refund: Formula, eligibility for ITC on inputs only, and process for filing FORM GST RFD-01 claim.
Delhi High Court rejects bail for former AAP Councillor Tahir Hussain in the 2020 Delhi riots case over the murder of IB staffer Ankit Sharma, citing grave allegations.
Notification 02/2025-Compensation Cess (Rate) amends the GST compensation cess schedule, substituting the rate with “Nil” for specified items from September 22, 2025.
Guide to starting postal exports from India. Details required documents (IEC, GST, Invoice) and the step-by-step process via the post office portal and customs clearance.
Summary of new ROC annual filing changes (AOC-4, MGT-7) for FY 2024-25 on MCA V3. Includes mandatory POSH, gender data, and office photo disclosures.
Compare gold and silver for investment, focusing on volatility, returns, and industrial demand. Gold offers stability; silver provides higher-risk, higher-reward potential.
CBIC clarifies GST on post-sale discounts: No ITC reversal required for financial credit notes. Explains when discounts are ‘consideration’ or payment for services.
ITAT Delhi rules wife not liable to prove husband and sons’ source of funds for property purchase. Addition of Rs.1.10 Cr u/s 69 quashed as family funds explained.
Sanjay Garg Vs DCIT (ITAT Delhi) Assessee challenged assessments framed u/s 153A r.w.s. 143(3) on the ground that mandatory approval u/s 153D was granted mechanically without proper application of mind. AO had made an addition of Rs.50,00,000/- as unexplained money u/s 69, which was confirmed by CIT(A)-24, New Delhi vide order dated 28.02.2025. Before Tribunal, […]
The Tribunal held that an addition cannot be sustained on the basis of a PAN mismatch alone, especially when the assessee, an individual with no business activity, was wrongly linked to a corporate entity.
