ITAT Bangalore held that once the genuineness of the building construction expenditure is proved, the consequential claim of depreciation on such genuine assets cannot be denied to trust since depreciation was claimed only on actual assets used for charitable purpose.
The High Court held that the petitioner had duly submitted the original title deed as security and directed the Department to trace and return it within a fixed time.
Clarification on Warehousing of Chemical under Para 2.36(a) of Foreign Trade Policy (FTP) 2023 by DGFT dt 6th Feb 2026 India’s Foreign Trade Policy (FTP) 2023 marks a shift toward continuity, adaptability, and trade facilitation, anchored on four pillars: remission-based incentives, collaborative export promotion, ease of doing business, and support for emerging areas like e-commerce. […]
The Insolvency and Bankruptcy Board of India issued a circular introducing electronic forms to monitor insolvency resolution processes for personal guarantors. The move replaces email reporting to improve efficiency, transparency, and structured record-keeping.
This case examines whether borrowing costs should be capitalised using full-year borrowings or only those during the eligible period. It concludes that the eligible-period approach best aligns with Ind AS 23 and prevents over-capitalisation.
This case examines whether borrowing costs should be capitalised using full-year borrowings or only those during the eligible period. It concludes that the eligible-period approach best aligns with Ind AS 23 and prevents over-capitalisation.
This article explains the role and powers of the GST Council in shaping tax policy. It highlights how its decisions directly affect prices, compliance, and businesses.
The issue was whether ITAT could reject appeals after an administrative transfer. The High Court ruled such dismissals are invalid and appeals must be heard on merits.
The Supreme Court held that belated payment alone cannot defeat society membership where lawful occupation and valid AGM resolutions exist. The key takeaway is that delay affects only financial consequences, not the right to membership.
ITAT Bangalore held that at the relevant time co-founder of Flipkart stayed in India for 141 days and balance days in other countries. Hence, assessee is an Indian national and thus the appeal of the assessee is dismissed.
