Tribunal held that amounts incurred as authorized pure-agent payments could not form part of taxable value. The ruling clarifies that failure to interpret Rule 5(2) correctly invalidated the demand.
Supreme Court dismissed the challenge, leaving intact the High Court ruling that registration under Section 12AA could not be denied when the institution’s educational objectives and utilization of income met statutory requirements.
Patna High Court ruled that pre-deposit of 10% of disputed tax for CGST/BGST appeals cannot be made via Electronic Credit Ledger (ECRL), upholding mandatory use of Electronic Cash Ledger (ECL).
Learn why returning NRIs must file the FA Schedule, what assets to report, and how compliance protects against penalties under Indian tax laws.
Understand how Section 160 allows non-retiring individuals to contest for directorship, promoting transparency and fresh leadership in corporate governance.
Learn how the Digital Personal Data Protection Act, 2023, and Rules, 2025 regulate personal data collection, processing, and security, ensuring individual privacy and accountability.
Understand the process, approvals, and documentation required for issuing securities via private placement under Section 42, including limits and timelines.
Tribunal condoned a 938-day delay after finding that the appeal was incorrectly dismissed as withdrawn under VSVS. The case was remanded to the CIT(A) for a fresh decision on the additions made under section 143(3).
Explains how Section 113 mandates surcharge on undisclosed income despite missing references in earlier Finance Acts. Clarifies legislative intent to tax high-income assessees.
ITAT Lucknow restored the reassessment u/s 147 after holding that CIT(A) misread the AO’s findings and wrongly assumed verification of books and cash deposits. The Tribunal found the appellate order perverse and allowed the Revenue’s appeal.
