The new Act adopts a broad definition of income, covering salary, capital gains, perquisites, subsidies, and windfalls, ...
A practical guide to ensuring Bill of Entry data flows correctly from ICEGATE to GSTR-2B. Proper verification prevents ITC ...
The Budget introduces key GST reforms covering post-supply discounts, refunds, intermediary services, and advance ruling ...
IRS Publication 523 allows taxpayers to exclude up to 500,000 of gain if ownership and residence tests are met. The article ...
The Tribunal held that failure to provide opportunity to cross-examine foreign information sources amounted to violation of ...
The new framework mandates that proceedings under Section 74A must be initiated by officers formally designated through ...
Pursuant to High Court observations and fresh investigation, GSTAT held that the developer did not gain additional ITC benefit warranting price ...
The Tribunal held that reopening based solely on investigation wing information without independent application of mind is invalid. Mechanical reasons cannot justify reassessment under Section ...
ITAT held that approval by the Principal Commissioner was invalid where more than three years had elapsed from the assessment year. Since Section 151(ii) required sanction from PCCIT/CCIT, the ...
ITAT held that once identity, genuineness and creditworthiness of the loan creditor were established, addition under Section 69 was unsustainable. The creditors disclosure before the Settlement ...
Authorities now scrutinize NGO financial statements before granting or renewing registration. Proper documentation and clear charitable application of surplus are ...
The ITAT reaffirmed that Section 2(22)(e) cannot extend the definition of shareholder to a concern receiving the loan. The deemed dividend, if attracted, must be taxed in the hands of the substantial ...
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