Dive into the Competition Commission of India’s ruling on the dispute between Maruti Suzuki and Harmit Ahuja over pricing strategies for the Jimny SUV. Detailed analysis and implications discussed.
Jharkhand High Court imposes penalty on JBVNL for unjust retention of Rs 2.9 crore, orders refund of TDS. Detailed analysis of Anvil Cables Pvt Ltd vs State of Jharkhand case.
ITAT Ahmedabad allows Interest expenses even if interest rate charged by the assessee on loans given was lower than the rate paid on loans taken, thus disallowing the excess interest paid. Tribunal held that the only requirement for claiming expenses under Section 57(iii) is that they must be incurred wholly and exclusively for the purpose of earning income from other sources.
Read about RD Enterprises vs Union of India where Allahabad High Court orders communication to State & Central authorities regarding the continuation of provisional attachment beyond one year under GST Section 83(2) of CGST Act, 2017.
Understand the verdict of Vishakhapatnam ITAT on unexplained cash deposits. Detailed analysis on taxpayer’s explanation, legal provisions, and conclusions.
Section 271D penalty proceeding cannot be initiated if AO fail to record his satisfaction before initiating penalty penalty proceeding in respect of violation of provisions of section 269SS of Income Tax Act, 1961.
Explore the Gujarat High Court judgment on reopening an NRI assessment, analyzing investments from NRE accounts and failure to file income returns. Detailed legal insights provided.
Detailed analysis of Sandeep Singh vs. State of U.P. regarding cancellation of liquor license under United Provinces Excise Act 1910 by Allahabad High Court.
Explore the detailed analysis of Maruti Enterprise Vs ADIT(CPC) case by Rajkot ITAT regarding the allowance of deduction U/s 43B based on payment basis. Understand the implications of tax audit report discrepancies.
Explore the Mandava Foundation vs. ITO case, where the Hyderabad ITAT condones an assessee’s mistake in registration, allowing them to rectify the error and granting regular registration.
