GSTN has made Ship-to GSTIN compulsory for Bill-to/Ship-to transactions from 1 August 2026. Businesses must update ERP systems and master data to avoid e-Way Bill failures and compliance issues.
Payment of GST during a Section 65 audit does not automatically invoke Section 74. The department must independently establish fraud, wilful misstatement, or suppression with evidence.
The Companies Act, 2013 requires most companies to hold four Board Meetings annually, while OPCs, Small Companies, and Dormant Companies need only two. Listed companies must also comply with corresponding SEBI (LODR) meeting requirements.
The Income-tax Act, 2025 replaces the dividend-based taxation of buy-backs with capital gains taxation for ordinary shareholders, ensuring only actual gains are taxed from 1 April 2026.
The Orissa High Court ruled that an ITAT appeal cannot be dismissed merely because the authorised representative violated the virtual hearing dress code. The Tribunal must decide the appeal on merits as no rule permits dismissal on such grounds.
The Supreme Court ruled that summoning hotel booking records and call detail records to prove adultery does not violate privacy, as such evidence may be necessary for fair matrimonial proceedings.
A comprehensive guide to limitation periods under the Income-tax Act, detailing statutory deadlines for returns, assessments, approvals, appeals, and other compliances to help taxpayers avoid procedural defaults.
CBDT FAQs clarify Section 536 transition rules for summons, searches, recovery, penalties, pending 12AB/80G approvals and LDC/NDC applications.
ITAT Delhi held legal services are not FTS under Section 9(1)(vii) and directed partner-wise DTAA examination. FTS addition was deleted and remanded.
ITAT Mumbai deleted a Section 69 addition after finding documentary evidence established joint ownership, source of funds, and earlier acquisition of foreign investments.
