ITAT Mumbai quashes ₹5.39 crore income addition by AO, stating calculations based on two days’ bills were illogical for tax proceedings. Sales were already recorded by a successor firm.
The Supreme Court criticized a common practice of offering money for bail then challenging conditions. It remanded a GST evasion case, stressing judicial process sanctity.
Calcutta High Court rules mandatory pre-deposit under Section 107(6) of CGST Act is essential for appeal, even in cases of financial hardship. No discretion for waiver.
Tamil Nadu AAR rules TR-06 challans aren’t valid for claiming Input Tax Credit on differential import IGST; reassessed Bills of Entry are required for ITC claims.
This webinar on June 28, 2025, covers Income Tax Act surveys, including types, legal frameworks, taxpayer rights, critical issues, and post-survey procedures. Led by CA Hari Agarwal.
Understand the complexities of GST on IPOs and OFS in India, including debates over Input Tax Credit reversal, the distinction between share creation and transfer, RCM on government fees, and GST treatment of ESOPs.
Stay informed on GSTN’s June 2025 advisories, covering the 3-year return filing bar, non-editable GSTR-3B liability, QRMP refund rules, Amnesty Scheme filing, and new E-Way Bill 2.0 features.
The Madhya Pradesh High Court ruled that WhatsApp chats, even if collected without consent, are admissible in matrimonial disputes. Citing Section 14 of the Family Courts Act, the court emphasized the court’s discretion to accept relevant evidence to effectively resolve family matters, prioritizing fair trial over absolute privacy.
ITAT Mumbai ruled against reopening assessments for penny stock LTCG without independent proof of accommodation entries, emphasizing genuine investor transactions.
Learn to extract capital gain details from your AIS for accurate ITR filing. This guide covers accessing the AIS, using the utility, and verifying transaction data.
