Conclusion- Held that the date of the allotment letter should be considered for holding period of the property. Therefore, the said date to be treated as date of the purchase of the property rather ...

Section 6 of the CGST Act, dealing with the cross-empowerment of central and state tax authorities, has been the subject of extensive interpretation through case laws, circulars, and notifications.

The financial statements have been prepared in accordance with the Guidance Note issued by the Institute of Chartered Accountants of India (ICAI) for the presentation of financial statements of ...

Even after a full GST audit and voluntary payment, PayU received a Show Cause Notice (SCN) demanding ₹38.33 crore for wrongfully claiming exemptions & ITC – High Court Declines to Halt GST Show Cause ...

Under the CGST Act, 2017, businesses are required to obtain GST registration once their aggregate turnover exceeds the prescribed threshold limits — Rs.40,00,000 for suppliers of goods and ...

Before the Tribunal, Dept argued that expenses should have been capitalised by the assessee.

Conclusion: Unless there were exceptional reasons like violation of the principles of natural justice or such other exceptional reasons, a challenge against an order under section 148A ought not to be ...

At first glance, the section may not appear to involve any technical complexities; however, upon actual application, several practical challenges emerge—particularly with respect to Salary, ...

Kerala High Court held that 100% Export Oriented Unit i.e. EOU is itself a customs bonded unit and hence no reason exists to deny permission to the petitioner to remove the cashew kernels covered by ...

Rule 12(ca) is also modified to include assessees with such capital gains along with income computed under sections 44AD, ...

ITAT Pune held that application of cash received from unrecorded cash sales needs verification since assessee claims that it is applied for giving advance to the farmers for purchase of raw material ...

Let’s explore the key amendments that taxpayers should be aware of before finalizing and filing their income tax return: 1. Type of Taxpayers: Individual who is Resident (other than Not Ordinarily ...