Income Tax : Understand Section 194S of the Income Tax Act, 1961. Learn about TDS on transfer of virtual digital assets (VDA), thresholds, tax ...
Corporate Law : In a landmark ruling, the Supreme Court clarified that an overt act by unlawful assembly members suffices for murder charges under...
Income Tax : Delve into the provisions of Income Tax Act Sections 153A & 153C, governing assessments after search or requisition. Learn from co...
Income Tax : Explore the intricacies of the time limits for issuing notices under Section 149 of the Income Tax Department with this article. F...
Income Tax : Reading a decision is one thing and interpreting the same is another, isn’t it? Many times, verdict of the decisions written its...
Income Tax : Read the detailed analysis of Karrm Infrastructure Pvt. Ltd. vs. CIT at ITAT Mumbai. Learn why ITAT ruled that non-filing of GST b...
Income Tax : Delhi High Court rules that reassessment actions post-2021 searches must meet the First Proviso to Section 149(1) of the Income Ta...
Income Tax : Bombay High Court deems CBDT's refusal to condone delay in filing revised ITR by CG Power post-NCLT order unreasonable. Detailed a...
Custom Duty : Madras High Court directs Customs to dispose of Aditya International Ltd's request for CVD exemption amendment on silk imports wit...
Custom Duty : Once a export benefit under which shipping bill was filed has been availed, the conversion to any other scheme cannot be allowed a...
Custom Duty : Learn how to file and process Bill of Entry amendments at Jawahar Lal Nehru Custom House. Get insights on self-approval and office...
Delhi High Court held that a reopening or abatement would be triggered only upon the discovery of material which is likely to “have a bearing on the determination of the total income”. Thus, AO seeking to reassess completed assessment without incriminating material is untenable in law.
In Mahabir Singh Joon Vs Income Tax Officer case, Delhi High Court dismisses writ petition challenging Section 148A(1)(d) order, finding service notice dispute not substantial.
Delhi High Court grants MEIS benefits to JSW Steel Limited despite procedural errors in shipping bills. Detailed analysis of the judgment and its implications.
Cherupurath Mohammed Jeens vs ITO: Kerala HC sets aside assessment order for the assessment year 2013-2014 after challenge on reopening under Section 148.
Madras High Court remanded Carl Zeiss India’s case for converting shipping bills under a drawback scheme to an advance authorization scheme. The Court found the time limit in a Board Circular unsustainable and directed authorities to consider the company’s documents for conversion eligibility.
Bombay High Court quashes reassessment notices against Godrej Industries, citing issuance beyond the limitation period. A landmark victory for corporate law.
Learn how to file and process Bill of Entry amendments at Jawahar Lal Nehru Custom House. Get insights on self-approval and officer-approved amendments with guidelines and forms.
Calcutta High Court held that the provisions of old regime of Section 148 of the Income Tax Act (including TOLA) cannot be applied to new regime applicable from 01.04.2021. Accordingly, impugned notices quashed being barred by limitation.
Explore the Jharkhand High Court judgment limiting tax reassessment period for concealed income below 50 lakh. Detailed analysis of Sevensea Vincom Pvt Ltd vs PCIT case.
Read about CESTAT Ahmedabad ruling in Indian Farmers Fertiliser Co Operative Ltd Vs C.C. Kandla, allowing amendment on bill of entry u/s 149 of Customs Act before final assessment.
