An in-depth exploration and legal analysis of the GST AAR Uttar Pradesh case, where the main question was whether Rebate of State and Central Levies and Taxes (RoSCTL) qualifies as Duty Credit Scrips.
Explore the Ahmednagar Investments Pvt. Ltd. vs DCIT case where the ITAT Mumbai rejected the claim of LTCG under section 10(38) due to the non-submission of documents, subsequently quashing the order.
A detailed review of ITAT Delhi’s decision in the Dr. Shyam Sunder Doda Vs ACIT case, underscoring the importance of confronting evidence to the assessee before making any tax additions.
Comprehensive analysis of the ITAT Delhi’s decision in Gulab Impex Enterprises Pvt. Ltd. Vs ACIT, affirming that mere acceptance of disallowance does not necessarily constitute furnishing inaccurate particulars of income.
Requirement to deposit net consideration as per Section 54F(4) not attracted if assessee has purchased a new residential house within due date specified under Section 139(4)
Read about the penalty imposed on PTC India Financial Services Limited for violating Section 149 of the Companies Act, 2013 by denying requests from independent directors (IDs) for legal advice. Understand the findings of the case, the obligations of the company and its officers, and the penalty amount imposed. Discover the steps for compliance and the option for appeal.
ITAT Delhi upholds the deduction of foreign travel expenses of directors in the Arms Communications Pvt. Ltd Vs ACIT case, emphasizing the role of these expenses in business growth and prospecting.
The ITAT Chandigarh ruled in favour of an assessee whose agricultural income was previously marked as income from undisclosed sources, setting a significant precedent.
In our increasingly digitized world, financial transactions have followed suit, moving away from brick-and-mortar locations and towards online platforms. One of the significant developments in this trend has been the rise of online loan companies. However, as with every novel development, a central question arises: are online loans legal?
In a recent judgment, the Madras High Court has ruled in favor of accepting personal bonds instead of bank guarantees in a disputed tax case, aiding the petitioner, Burnt Umber Fashion Pvt. Ltd.
