The ruling clarifies that once a reassessment return is accepted, earlier returns lose relevance for penalty purposes. In the ...

The Tribunal upheld deletion of an ad-hoc expense addition where the Assessing Officer failed to point out defects in audited ...

The issue was whether GST applies on amounts deducted as “royalty” from contractors’ bills. It was held that such deductions ...

This explains how Company Secretaries ensure legal, governance, and compliance preparedness before listing. The key takeaway ...

The notification substitutes tariff value tables but keeps rates unchanged for key imports like edible oils, metals, and ...

This clarifies the eligibility for direct conversion into an LLP. The takeaway is that compliance with the LLP Act and Rules ...

The issue was whether a final assessment could stand when objections were filed before the DRP but not considered by the AO. The Court ruled that such an order violates the scheme of section 144C and ...

The Court held that reassessment based on a retrospective amendment to Section 80HHC is invalid. The key takeaway is that ...

The issue was whether reassessment could proceed when financial statements were not called for despite the taxpayer’s ...

The Court held that interest under reverse charge cannot be recovered without prior adjudication. Coercive recovery was set ...

The issue was whether a Section 148 notice for AY 2015-16 issued in August 2024 was time-barred. The Court held it exceeded ...

The ruling clarifies that capital reduction involving foreign shareholders is treated as a transfer. FEMA compliance and tax ...