Allahabad High Court quashes Section 74 GST orders, mandating proof of fraud, wilful misstatement, or suppression with intent to evade tax. Unverified reports and supplier’s registration issues are insufficient.
Delhi High Court rules the GST Appellate Authority must fully re-examine all evidence and replies under Section 107(11) of the CGST Act. The only bar is remanding the case.
A company’s right to TDS credit was upheld despite the tax being erroneously reported under its former firm’s PAN and not in Form 26AS. The Tribunal ruled the credit follows the income.
Ind AS 116 requires remeasuring the ROU asset and Lease Liability when a lease scope decreases (area/term). The LL is reduced proportionately, with the change recorded against the ROU asset or P&L, followed by a final remeasurement using the new discount rate.
Fees for Technical Services (FTS) in India’s tax law conflict with DTAAs that include the ‘make available’ clause. This clause requires the transfer of know-how for FTS taxation, leading to extensive litigation over interpretation and applicability.
The mechanism of collection under Goods & Service Tax regime is based on filing of various returns by taxpayers each month/quarter. But the returns filed and tax paid for a particular period is not something which is deemed final, the government authorizes the Central Board of Indirect Taxes and Customs (CBIC) and its officers for […]
Internal conflict within Tata Trusts, the majority owner of the Tata Group, has caused a governance crisis and decision-making delays, prompting rare intervention by the Indian government.
SEBI’s August 2024 circular updates F&O segment eligibility. New exit criteria include minimum thresholds for MQSOS, MWPL, ADDV, and Product Success Framework metrics
A summary of changes to India’s income tax rebate, from the Rs.2 lakh limit to the new Rs.12 lakh threshold. Learn how the FY 2025-26 amendment on “special income” impacts small taxpayers.
Explore the 5 best intraday trading apps in India for 2025—Groww, Zerodha, Angel One, Upstox, and ICICI Direct—with features for every trading style.
