Calcutta High Court upholds ITAT decision, dismissing Income Tax Department’s appeal regarding share capital and premium addition for AY 2012-13.
Understand capital gains tax on jointly held properties in India. Learn about beneficial ownership, funding patterns, clubbing provisions, and Section 54 exemptions for co-owners.
Explore the Goods and Services Tax (GST) framework for advocates, senior advocates, and law firms in India. Understand reverse charge, exemptions, and LLP treatment.
Allahabad High Court ruled that GST tax and penalties cannot be imposed for e-way bill issues if there’s no tax evasion intent and the bill was generated before detention.
Learn how strategic income tax filing and claiming key deductions in 2025 can help you save more. Discover essential documents, popular tax-saving sections, and benefits of online filing.
The Supreme Court dismissed an SLP, affirming the Delhi HC’s decision that an Electronic Credit Ledger (ECL) with a negative balance cannot be blocked under Rule 86A of the CGST Rules.
ITAT Pune held that delay of 02 seconds in filing income tax return [ITR] is to be condoned and return is to be treated as filed in time as delay was caused due to technical glitch and last hour rush in website. Accordingly, claim of carry forward business loss allowed.
Nagpur Bench of Bombay HC observes wives misusing Section 498A IPC to settle personal scores against husbands’ families in matrimonial disputes.
Explore key GST rulings from May 2025, covering ITC denial, SCN challenges, involuntary payments, cross-examination rights, SCN validity, penalty for e-way bill errors, and condonation of delay in filing returns.
Ministry of Finance announces amendment to Section 48 of the Income-tax Act, 1961, introducing a new cost inflation index effective from Assessment Year 2026-27.
