The issue was whether jewellery found during search can be taxed despite CBDT limits. ITAT held that jewellery within prescribed limits cannot be treated as unexplained income.
The issue was denial of deduction due to delayed filing of Form 56F. ITAT held that delay is a procedural lapse and directed allowance of deduction.
The issue was whether buyback of shares attracts GST. It was held that since shares are securities excluded from GST, buyback is not taxable, though related services remain taxable with ITC eligibility.
The Supreme Court held that secretly recorded conversations can be admitted if relevant and legally compliant. Privacy rights do not override the need for truth in matrimonial disputes.
The issue was a GST order passed without considering the taxpayer’s reply or giving reasons. The Court allowed filing of appeal with delay condonation and protected the taxpayer from coercive recovery.
This update outlines revised TCS rates under Section 394(1). It highlights rate hikes on certain goods and relief in remittances and tour packages.
This article explains how ESOP taxation works and highlights the deferral benefit for eligible startup employees. It clarifies that tax is postponed, not exempted, easing liquidity concerns.
The court examined whether reassessment could proceed without any incriminating material from search. It held that absence of such material vitiates jurisdiction, leading to quashing of proceedings.
The article explains how structured criminal networks fuel human trafficking through advanced methods and global operations. It highlights that weak law enforcement and corruption remain key barriers to effective control.
Courts are divided on whether GST notices can cover multiple financial years in one proceeding. The key takeaway is that the final ruling will define whether limitation safeguards can be bypassed through consolidation.
