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Bombay HC Grants Interim Relief on GST Applicability to Land Development Rights Agreement

April 16, 2025 4557 Views 0 comment Print

Bombay High Court grants interim relief in GST dispute on land development rights under a revenue-sharing agreement between Nirmal Lifestyle and L&T Realty.

‘Conducting’ Hotel Agreement Not Tenancy Under Rent Act: SC

April 16, 2025 5484 Views 0 comment Print

Supreme Court affirms that an agreement to ‘conduct’ a hotel business does not automatically confer tenancy rights under the Bombay Rent Act.

Analysis of Notifications and Circulars for Week ending 13th April 2025

April 15, 2025 6213 Views 0 comment Print

A summary of key updates for Income Tax, GST, RBI, and legal matters issued from April 7-13, 2025, including exemptions, tax forms, and regulatory changes.

Delhi HC Quashes Section 153C Notices, Rules WhatsApp Evidence Irrelevant

April 15, 2025 1983 Views 0 comment Print

Delhi HC sets aside Sec 153C notices against Ishita Varshney Jain. WhatsApp image of unrelated Agreement to Sell found on husband’s phone insufficient ground.

Bombay HC Upholds Addition on Unproved Purchases, Surprised AO Didn’t Make 100% Addition

April 15, 2025 6357 Views 0 comment Print

Bombay High Court dismisses appeals by Refrigerated Distributors, upholding ITAT’s 10% addition on unproved purchases for assessment years 2007-08 to 2012-13, citing concurrent findings of fact.

Audit Fee Allowable Only When Liability Crystallizes, Not on Estimates or Historical Basis

April 14, 2025 8370 Views 0 comment Print

ITAT Lucknow rules audit fee provisions are not allowable unless liability accrues; EPF disallowance sent back for verification.

“Tariff” karu kya Uski, Jisne mera portfolio laal kiya hai!!

April 14, 2025 4608 Views 0 comment Print

Global tariffs spark stock market volatility; guidance for long, medium, short-term, and new investors to navigate uncertain economic conditions.

Kerala HC Quashes GST on Club-Member Supply

April 14, 2025 7575 Views 0 comment Print

Kerala High Court declares GST amendments taxing club-member transactions unconstitutional, citing conflict with constitutional definition of supply and service.

GST on Club Members’ Contributions: Unconstitutional & Void – Kerala HC

April 14, 2025 19221 Views 2 comments Print

Kerala High Court declares GST levy on club members’ contributions unconstitutional, citing violation of Articles 246A, 366(12A), and 265 due to the principle of mutuality. (159 Chars)

GST ITC & Supplier Errors: Recent Supreme Court Rulings

April 12, 2025 16797 Views 0 comment Print

Understand recent Supreme Court decisions on GST ITC denial due to supplier errors. Learn about taxpayer rights to correct genuine mistakes.

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