Calcutta High Court directed the CGST authorities to defer proceedings on a show-cause notice that clubbed four financial years. The petitioner argued that such bunching and lack of scrutiny under Section 61 violated due process.
Tax on Hindu Undivided Family (HUF) depends on its residential status. Learn how HUF income is computed under various heads, deductions allowed, applicable tax rates under both regimes, and tax treatment during HUF partition.
Understand the taxability, registration, and exemption provisions for charitable and religious trusts under Sections 11–13, including rules for income accumulation, audit, and cancellation.
Learn about the tax treatment of key retirement benefits in India, including gratuity, pension, leave encashment, provident fund, NPS, voluntary retirement, and retrenchment compensation under the Income-tax Act.
The RBI excludes 19 regional rural banks from the Second Schedule, changing their official recognition and regulatory status under the RBI Act.
ITAT Pune held that issue of taxability of ex-gratia payment to be decided based on identical judgement as decided by coordinate bench of Tribunal in Mahadev Vasant Dhangekar. Accordingly, matter remanded back.
Karnataka High Court held that notice under section 148 of the Income Tax Act issued and served without signature of the Assessing Officer is a foundational defect and the same cannot be ignored. Accordingly, assessment order passed thereon is invalid.
Gauhati High Court held that statement of tax determination under section 73(3) of the CGST Act does not substitute the proper SCN required under Section 73(1). Further, passing of an adverse order without opportunity of personal hearing is against principles of natural justice.
SEBI cautions the public against investing in unregulated digital gold products offered online, stating they are outside its regulatory purview and lack investor protection unlike SEBI-approved ETFs, derivatives, or EGRs.
The Kerala High Court halted recovery action, ruling that it is improper to pursue tax collection once the appeal hearing before the NFAC has concluded and orders are merely awaited. The Court directed the appellate authority to dispose of the appeal expeditiously before coercive steps can continue.
