The Delhi High Court held that expenditure on gifts, boarding, and lodging incurred for a General Body Meeting was allowable under Section 37. The Court ruled that expenses incurred to fulfill statutory obligations constitute business expenditure.
The High Court accepted a mediation settlement resolving long-pending land acquisition disputes involving compensation, interest, and pending proceedings. The settlement was treated as a final and binding resolution between the parties.
The Tribunal held that once a Section 35D claim was accepted in earlier years, it could not be disallowed in the final amortization year without disturbing the original allowance. The disallowance of preliminary expenses was therefore delete
ITAT Bangalore ruled that rejection of an 80G registration application merely for quoting the wrong section code violated principles of natural justice. The authority was directed to consider the corrected application on merits.
The article explains when ITC must be reversed under GST law and highlights the interest and penalty consequences of failing to comply with reversal provisions.
This article explains the meaning, purpose, and essential clauses of a development agreement. It highlights how development rights, timelines, consideration, and obligations are structured to protect both landowners and developers.
The Supreme Court held that heirs inheriting property under Section 8 of the Hindu Succession Act take definite shares as tenants-in-common and not as joint tenants. A widow holding only a 1/5th share could not act as karta to sell the entire property on grounds of legal necessity.
The Income Tax Act, 2025 reintroduces a dedicated block assessment mechanism for search cases. The framework simplifies post-search assessments by focusing on undisclosed income detected during the search.
The Supreme Court held that online gaming, fantasy sports, and similar activities involving monetary stakes on uncertain outcomes fall within betting and gambling for GST purposes. It upheld the GST framework and taxation of actionable claims arising from such transactions.
Tribunal could not recall and restore an appeal dismissed ex parte under Rule 24 of the ITAT Rules, 1963, when assessee filed miscellaneous applications after a lapse of 14 years without establishing sufficient cause for non-appearance, and where service of the original order was presumed under section 27 of the General Clauses Act as the term “afterwards” used in Rule 24 of the ITAT Rules provided procedural flexibility but did not grant an indefinite timeline.
