Delhi High Court recently adjudicated on the writ petition filed by FIS Payment Solutions and Services India Private Limited, challenging the applicability of Section 56(2)(viib) of the Income Tax Act ...

Bombay High Court held that registered person making a zero rated supply under LUT may claim refund of unutilized credit including that of Compensation Cess. Accordingly, refund of compensation cess ...

The court examined the amendments introduced by the Finance Act, 2017, which expanded the reassessment period from six years to ten years, subject to certain conditions. The Revenue contended that the ...

Visakhapatnam, has ruled in favor of Malla Appalaraju, setting aside a penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961. The penalty of ₹12,23,211 was levied for an alleged ...

Any person who applies for registration under GST will have to undergo the process of Aadhar Authentication, mandatorily in terms of Section 25 CGST Act 2017 read with Rule 8 of CGST Rules 2017.

The petitioner was served with an assessment order in Form GST DRC-07, dated 28.12.2023, passed by the 2 nd respondent, under ...

Signature and DIN are Essential Components of Valid GST Assessment Orders and Notices – Andhra Pradesh High Court Strikes Down Unsigned and DIN-Less GST Orders: The Andhra Pradesh High Court, in the ...

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favor of Bhavya Construction Co., allowing their claim for deduction under Section 80IB(10) of the Income-tax Act, 1961, for ...

Review application was to be filed for reduced bullion TRQ Allocation as no opportunity of hearing was provided to Gold Importers ...

Review of matter imposing 200% Penalty on non-generation of E-Invoice due to non-consideration of Circular No. 10/2019 dated 31.05.2019 Conclusion: The Officer was directed for fresh consideration of ...

No Capital Gains When Assessee Is Only Legal Joint Owner & Not Beneficial Owner ...

Taxation is the backbone of modern economies, enabling governments to fund public services, infrastructure, and welfare systems that support the health and well-being of citizens. The way taxes are ...