Discover why the ITAT consistently overturns tax additions founded solely on bank entries and how proper enquiry and evidence are critical for assessments.
Learn how GST liability shifts from supplier to recipient under RCM and understand the key services affected.
Learn the legal framework and practical steps to protect your business when GST authorities provisionally attach bank accounts, ensuring compliance while minimizing disruption.
Learn why the Income Tax Department is sending risk management SMS alerts and how they differ from scrutiny notices. This guide explains what taxpayers should do if their refund is temporarily held.
Many companies face penalties for ignoring share valuation, late filings, and KYC lapses when receiving foreign investment. Learn how to avoid these critical compliance errors.
The IT Department’s “Nudge” alerts identify potentially ineligible refund claims, giving taxpayers a chance to correct errors voluntarily. Learn why these messages are sent and how to respond effectively.
Taxpayers receiving emails about undisclosed foreign assets must revise returns using Schedule FA, FSI, and TR in ITR-2/3. Learn the steps to ensure compliance and avoid penalties.
Explains the practical meaning of “founder” and the legal threshold that turns a founder into a promoter under company and securities laws.
The Supreme Court upheld the Delhi High Court ruling that a single SCN covering multiple financial years is valid in cases of fraudulent ITC. The decision confirms that fraud investigations spanning several years can be dealt with through consolidated proceedings.
Supreme Court ruled that once a murder conviction is recorded, presumption of innocence comes to an end. Suspension of sentence in Section 302 cases can be granted only in rare and exceptional circumstances, not as a matter of routine during appeal.
