The Haryana OTS Scheme 2026 provides complete waiver of interest and penalty along with substantial tax waivers for eligible pre-GST entry tax dues. Businesses must weigh the financial relief against the finality of settlement and the requirement to give up litigation.
This guide explains how Section 43B(h) defers tax deductions where payments to Micro and Small Enterprises remain unpaid beyond the MSMED Act timelines at the financial year-end. It also clarifies that the provision is a timing rule, not a permanent disallowance.
The Maharashtra State Co-operative Appellate Court upheld an interim injunction after finding that the housing society failed to provide a proper break-up or justification for substantial maintenance arrears. It held that the Trial Court’s order required no interference.
The Madras High Court restrained the proposed church construction near a century-old temple after finding a prima facie case and noting that the related civil suit was still pending. It held that status quo must continue until the dispute over the land and permissions is finally decided.
The case highlights denial of TDS credit after an incorrect TAN was reported in the income tax return, even though the correct TDS appeared in Form 26AS, AIS and the department’s records.
This article explains how Dreamina Seedance 2.0 transforms fragrance concepts into cinematic marketing videos using AI. It highlights features for visual storytelling, brand consistency, and luxury perfume campaigns. The key takeaway is that immersive video content can communicate a perfume’s identity before customers experience the scent.
The Gujarat High Court upheld deletion of a Section 68 addition after finding that the lenders identity, creditworthiness and the genuineness of the loan transaction had been established.
The Tribunal relied on earlier findings that the lending entities were paper concerns engaged in providing accommodation entries. The unsecured loans were treated as unexplained cash credits.
The ITAT Mumbai held that where additions were based on seized material from a third-party search, proceedings should have been initiated under Section 153C and not Section 147. The assessment was declared invalid.
The Gujarat High Court disposed of the Revenue’s appeal after it was not pressed due to the low tax effect in accordance with CBDT Circular No. 17/2019. Liberty was reserved to revive the appeal if required.
