Bombay High Court quashes reopening proceedings in Shanmukhananda Fine Arts vs Dy. Director of Income Tax, citing income already declared in the ITR. Detailed analysis.
Rajasthan High Court stays recovery in Apar Fragrances vs Union of India, emphasizing payment through banking channel. Analysis of the order and its implications.
Delhi High Court judgment on K. Metal Industries vs Commissioner of GST & Anr. highlights that GST registration cannot be retroactively cancelled without proper reason. Full text and analysis provided.
Explore the NCLAT Delhi judgment on Income Tax Department’s dispute over Rs.26,06,41,424 allocation in Resolution Plan. Analysis, implications, and key insights revealed.
Pratima Tyagi v. Commissioner of GST: Delhi High Court rules GST cancellation effective from business closure date, emphasizing reason and natural justice
Explore the Supreme Court judgment on PCIT Vs PNB Housing Finance. Learn why disallowance of expenditure for earning exempt income can’t be treated as business expenditure under Section 14A.
Stay informed with the latest RBI circular on reverse repo transactions. Learn about revised reporting requirements for bank transactions with non-banks. Read more.
CESTAT Chennai dismisses appeal by Principal Commissioner of Customs against Contemporary Leather Pvt. Ltd. Allegations of not following CBEC norms in shipping bill conversion examined in detail.
Manesh Dayashankar Madeka Vs ACIT: Supreme Court emphasized the need for a fresh hearing due to retirement of Presiding Judge and lack of reasons the previous disposition.
Explore the Delhi High Court judgment on Penalty u/s 271(1)(c) of Income Tax Act for AY 2014-15. Detailed analysis and legal insights on inaccurate particulars. Read more.
