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News, Blog, GST & Customs

March 6, 2025

UAE Revises Excise Tax Rules for Electronic Smoking Devices

Editorial Team – [2025] 172 … Continue reading “UAE Revises Excise Tax Rules for Electronic Smoking Devices”

Blog, News, Income Tax

March 6, 2025

Cross-Objection Not Maintainable in Appeal Filed Under Section 260A | HC

Case Details: Principal Commissioner of … Continue reading “Cross-Objection Not Maintainable in Appeal Filed Under Section 260A | HC”

Blog, News, Income Tax

March 6, 2025

No Reassessment if Trust Had No Taxable Income; Excess of Expenses Over Income is Not Escaped Income | HC

Case Details: Mahatma Gobarji Seva … Continue reading “No Reassessment if Trust Had No Taxable Income; Excess of Expenses Over Income is Not Escaped Income | HC”

Blog, News, GST & Customs

March 6, 2025

Cash Seized by GST Department to Be Released Due to Lack of Authority to Seize It From the Dealer Premises | HC

Case Details: Centre C Edtech … Continue reading “Cash Seized by GST Department to Be Released Due to Lack of Authority to Seize It From the Dealer Premises | HC”

News, Blog, GST & Customs

March 5, 2025

Order Imposing Penalty to Be Set Aside as E-Way Bill Was Produced Before Seizure Order Was Passed and There Was No Intention to Evade Tax | HC

Case Details: Osr Creation vs. … Continue reading “Order Imposing Penalty to Be Set Aside as E-Way Bill Was Produced Before Seizure Order Was Passed and There Was No Intention to Evade Tax | HC”

Blog, News, GST & Customs

March 5, 2025

Refund of Amount Along With Applicable Interest Upheld as Recovery Made During Investigation Without Adjudication Was Contrary to Law | HC

Case Details: Intelligence Officer, Directorate … Continue reading “Refund of Amount Along With Applicable Interest Upheld as Recovery Made During Investigation Without Adjudication Was Contrary to Law | HC”

Blog, News, FEMA & Banking

March 5, 2025

Independent Director Not Liable u/s 141 as He Neither Signed nor Authorized Dishonored Cheques nor Managed Finances

Case Details: Kamalkishor Shrigopal Taparia … Continue reading “Independent Director Not Liable u/s 141 as He Neither Signed nor Authorized Dishonored Cheques nor Managed Finances”

Blog, News, Income Tax

March 5, 2025

AO Can’t Treat Turnover of Firm Running Nursing Home as Professional Income if Doctors Declared Fees in Their ITRs | ITAT

Case Details: Kety Medicare Centre … Continue reading “AO Can’t Treat Turnover of Firm Running Nursing Home as Professional Income if Doctors Declared Fees in Their ITRs | ITAT”

Blog, News, Income Tax

March 5, 2025

[Opinion] The Transition From the Income-Tax Act, 1961 to the Income-Tax Bill, 2025 | An Analysis of Clause 536 of the Bill

Dr. Amit Kumar Kashyap & … Continue reading “[Opinion] The Transition From the Income-Tax Act, 1961 to the Income-Tax Bill, 2025 | An Analysis of Clause 536 of the Bill”

Blog, News, Account & Audit

March 5, 2025

Classification of Liabilities as Current or Non-Current in Case of Refinancing Under Ind AS Framework

This document explores the classification … Continue reading “Classification of Liabilities as Current or Non-Current in Case of Refinancing Under Ind AS Framework”