ITAT Kolkata’s order in ITO Vs Indus Realty Pvt. Limited – Mere suspicion or disbelief on the part of Assessing Officer is insufficient to justify additions under Section 68. The identity, creditworthiness, and genuineness of transactions must be thoroughly evaluated and substantiated with concrete evidence.
Explore SEBIs latest Master Circular for Mutual Funds 2024, detailing regulatory guidelines and compliance requirements for stakeholders in the financial sector.
Explore the IBBI Disciplinary Committees detailed order on Shashi Agarwal, analyzing alleged contraventions, submissions, and conclusions in insolvency cases.
Clarification on GST time of supply for construction and maintenance services in NHAI Hybrid Annuity Mode (HAM) model. Key guidelines provided.
Clarifications on GST applicability for loans between related entities, including overseas affiliates and Indian affiliates. Detailed guidelines provided.
New clarifications on GST liability and ITC availability for warranty and extended warranty cases under Circular 216/10/2024. Read the full details.
Clarification on evidence for ITC reversal on discounts via tax credit notes under Section 15(3)(b)(ii) of CGST Act. Read Circular 212/6/2024.
Clarification on time limits for ITC on RCM supplies from unregistered persons under Section 16(4) of CGST Act. Read Circular 211/5/2024.
Read the latest CGST Circular 208/2/2024 for clarifications on special procedures for manufacturers as per Notification No. 04/2024 dated 05.01.2024.
Explore IBBIs disciplinary action on Pinaki Sircar, scrutinizing his conduct as IRP and RP in CD-1 and CD-2 insolvency cases. Read the full analysis and conclusions.
