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Blog, News, Income Tax

February 13, 2026

AO shouldn’t act as a mere tax-gatherer; Stay application should ordinarily be disposed of in assessee’s favour: HC

Case Details: Harsh Dipak Shah … Continue reading “AO shouldn’t act as a mere tax-gatherer; Stay application should ordinarily be disposed of in assessee’s favour: HC”

Blog, News, GST & Customs

February 12, 2026

ITC can’t be denied to buyer due to non-payment of VAT by seller: Rajasthan HC

Case Details: Assistant Commissioner, Commercial … Continue reading “ITC can’t be denied to buyer due to non-payment of VAT by seller: Rajasthan HC”

Blog, News, GST & Customs

February 17, 2026

CBIC notified exchange rates effective from February 18th, 2022

Notification No.10/2022-Customs (N.T.) February 17th, … Continue reading “CBIC notified exchange rates effective from February 18th, 2022”

Blog, News, Income Tax

February 23, 2026

Sales commission related to prior year isn’t allowable in absence of proof that it was contingent on realization of proceeds

Case Details: Meena Circuits (P.) … Continue reading “Sales commission related to prior year isn’t allowable in absence of proof that it was contingent on realization of proceeds”

News, Blog, Income Tax

June 28, 2022

Can taxpayers claim health & education cess as an allowable expenditure – Budget 2022 proposes retrospective disallowance

Sudeep Das & Ashwath Pai … Continue reading “Can taxpayers claim health & education cess as an allowable expenditure – Budget 2022 proposes retrospective disallowance”

Blog, News, Insolvency and Bankruptcy Code

February 17, 2026

IBBI cancels registration of an IP; debars him from seeking any fresh registration for failing to act in best interest of corporate debtor

Case Details: Vimal Kumar Grover, … Continue reading “IBBI cancels registration of an IP; debars him from seeking any fresh registration for failing to act in best interest of corporate debtor”

Blog, News, FEMA & Banking

February 17, 2026

RBI relaxes norms relating to Payment and Settlement Systems; removes requirement of submission of returns u/r 6 (2)

Notification No. CO. DPSS. Ovrst. … Continue reading “RBI relaxes norms relating to Payment and Settlement Systems; removes requirement of submission of returns u/r 6 (2)”

Blog, News, Income Tax

February 23, 2026

AO can’t issue scrutiny notice for period covered by resolution plan approved by NCLT under IBC

Case Details: Sirpur Paper Mills … Continue reading “AO can’t issue scrutiny notice for period covered by resolution plan approved by NCLT under IBC”

Blog, News, Income Tax

February 25, 2026

More than 29.8 lakh Tax Audit Reports filed on e-filing portal within extended due date of 15-02-2022: CBDT

Press Release, dated 16-02-2022 The … Continue reading “More than 29.8 lakh Tax Audit Reports filed on e-filing portal within extended due date of 15-02-2022: CBDT”

News, Blog, Company Law

February 18, 2022

SC holds the Banks accountable under RERA and treats the rights of Allottees as paramount to the rights of Banks

[2022] 135 taxmann.com 232 (Article) … Continue reading “SC holds the Banks accountable under RERA and treats the rights of Allottees as paramount to the rights of Banks”