The Tribunal held that TDS entries appearing in Form 26AS are sufficient material for reopening assessments when no return is filed. The ruling emphasizes that taxpayers must reconcile Form 26AS with books and returns to avoid reassessment proceedings.
The Income-tax Department intensified scrutiny of charitable entities after finding high surplus margins, premium pricing, and commercial-style operations. The developments show that institutions functioning like businesses may lose tax exemptions despite charitable registration.
The new law treats gains from depreciable assets as short-term capital gains for all purposes, not merely for computation. This effectively removes exemption benefits previously allowed through judicial interpretation under the old regime.
This case explains how foreign digital services like hosting fall under OIDAR and become taxable imports under GST. It highlights compliance through Reverse Charge Mechanism and ITC eligibility for registered businesses.
This case explains how GST law overrides mutuality by treating associations and members as distinct taxable persons. It clarifies that internal transactions like membership fees now qualify as taxable supply.
Explains when a lawyer’s refusal crosses into professional misconduct, especially in cases of discrimination or collective boycotts, and reinforces the duty to ensure access to justice.
The issue concerns how purchase classification affects tax treatment. The key takeaway is that bogus purchases lead to full disallowance, while non-genuine ones attract only profit-based additions.
The issue highlights the distinction between accounting and auditing functions. The key takeaway is that independent audits ensure accuracy, compliance, and reliability of financial statements.
The issue concerns taxing goods based on retail price instead of actual transaction value. It highlights that such valuation lacks nexus with supply and may violate constitutional principles governing tax measures.
The case addressed whether arrest without written grounds violates constitutional safeguards. The Court held the arrest illegal and awarded compensation for unlawful detention. It reinforces mandatory compliance with arrest procedures.
