The issue involved taxing services allegedly received from a foreign branch office. The Tribunal held that an entity cannot provide services to itself, making the demand unsustainable.
The dispute concerned agreements with buyers and instalment payments during construction. The Tribunal ruled that such transactions were self-service and not taxable before the 2010 amendment.
The issue involved taxing property value as unexplained investment without prior notice. The Court held that absence of a show cause notice under Section 69 violated principles of natural justice, leading to quashing of the order.
The issue involved whether objections to land acquisition were time-barred. The Court held that the limitation period begins from newspaper publication, making the objections valid and rejecting the challenge.
Bank Audit Manual 2025–2026: Key Audit Checks, Asset Classification Norms, and Practical Guidance for Branch Audits Introduction The Bank Audit Manual 2025–2026 provides practical guidance and reference material for auditors conducting bank branch audits. It compiles key regulatory principles, audit procedures, checklists, and reporting formats required during the audit of bank branches. The manual is […]
The law restricts TDS corrections to a limited window ending 31 March 2026 for past years. Missing the deadline may result in permanent loss of tax credit.
The updated framework mandates KYC filing once every three years with strict timelines. Non-compliance leads to DIN deactivation and late fees.
The issue involved arbitrary estimation of income at 20% and 5% of turnover. The Tribunal reduced it to 4% due to lack of supporting comparables and considering business realities. The key takeaway is that estimation must be reasonable and justified.
The analysis highlights how gender diversity has become central to ESG frameworks and corporate governance. It emphasizes that inclusive boards improve transparency, decision-making, and sustainability outcomes.
This article explains how SRCs are evolving to address broader stakeholder concerns. The key takeaway is that companies must go beyond compliance for effective governance.
