Learn how MSME Samadhaan helps small businesses file delayed payment claims and check status online. Explore application process, payment timelines, and FAQs.
Section 43B(h) mandates timely payment to MSMEs for tax deduction eligibility. Delayed payments will only be deductible after actual payment is made.
Supreme Court grants bail to Saurabh Kumar in a GST case, directing him to surrender his passport and attend trial. Read more about the judgment and conditions.
Bombay High Court invalidates reassessment notice under Section 148 due to non-compliance with faceless scheme as per Section 151A of the Income Tax Act
The Allahabad High Court quashes GST penalty on Spirare Energy due to a minor E-Way Bill error. No evidence of tax evasion was found. Refund ordered within a month.
ITAT Chandigarh ruled on Ashish Sood Vs DCIT case, deciding whether Foreign Tax Credit is eligible when Form 67 is filed after due date but before assessment.
Madras HC sets aside rejection of Foreign Tax Credit claim by PCIT, directing reassessment considering Kenya income for AY 2019-20. No costs awarded.
Bombay HC upholds ITAT ruling on non-imposition of penalty under Section 271D for journal entries, citing reasonable cause under Section 273B. Appeals dismissed.
GUJ HC rules unfried fryums under HSN 19059040, exempt from GST. Clarifies ‘as is where is’ basis for past transactions. Show cause notice quashed.
Competition Commission of India finds no violation of the Competition Act in the Sabine S. vs Mitera Hospital case over alleged IVF treatment cost misinformation.
