ITAT Mumbai quashed ex-parte assessment based solely on AIR entries, directing AO to provide full details so assessee can respond and defend his position.
Tribunal held that an income tax demand raised due to a technical misentry in return must be rectified. Assessing officer erred by retaining 143(1) demand after scrutiny under 143(3).
Explains the major reforms introduced by the four Labour Codes, detailing new wage rules, social security expansion, safety standards, and transitional compliance obligations.
Explains India’s fragmented AI regulatory landscape and highlights key legal uncertainties affecting liability, data use, discrimination and algorithmic decision-making.
Summarises how WIP is recognised and measured under Ind AS 115/IFRS 15, emphasising cost tracking, progress measurement, and disclosure rules for service enterprises.
Explains how cross-border payments are classified as business profits or royalty/FTS and highlights why contract substance—not invoice labels—determines taxability.
The Tribunal held that notices and assessment orders in the name of a deceased person have no legal standing, confirming that reassessment requires a living assessee or representative.
Rajasthan High Court held that the matter of conversion of arrest warrants issued against accused committing economic offence or heinous offence into bailable warrants is referred to Special/Larger Bench.
