The case involved disallowance of employee contributions during return processing. The Tribunal held that such debatable issues cannot be adjusted under Section 143(1) and deleted the addition.
The case involved disallowance of employee contributions during return processing. The Tribunal held such adjustments invalid on debatable issues and directed deletion of additions.
This article explains how manipulating input tax credit in GSTR-3B without GSTR-2B support is treated as fraud under GST law. It highlights the risk of cancellation, tax recovery, and prosecution for taxpayers and professionals involved.
The Tribunal held that unsigned sanction for reopening invalidates the entire reassessment. It ruled that absence of signature violates mandatory legal requirements under tax law.
This explains the mandatory conditions for supplying goods at a concessional GST rate to merchant exporters. It highlights the documentation, verification, and timelines required to retain tax benefits and avoid liability.
A practical overview of the legal procedure, timelines, and filings required for buy-back of shares, highlighting compliance essentials and statutory safeguards.
The updated law clarifies how stay duration and income thresholds determine tax residency status. It holds that only crossing the 182-day limit leads to global taxation, while RNOR status protects foreign income.
The new law reorganizes provisions and reduces complexity without changing tax policies, ensuring easier compliance and continuity for taxpayers.
The circular addresses continued trade challenges caused by maritime disruptions. The Board extended the validity of multiple facilitative circulars without altering existing conditions.
SEBI suggests relaxing concentration limits for RBI-regulated entities. This change aims to enable listing of single-asset securitisation structures. The proposal seeks to boost market participation and flexibility.
