News

Blog, News, International Tax

January 16, 2025

[World Tax News] Mauritius to Implement 2% Corporate Climate Responsibility (CCR) Levy and More

Editorial Team – [2024] 165 … Continue reading “[World Tax News] Mauritius to Implement 2% Corporate Climate Responsibility (CCR) Levy and More”

Blog, News, Income Tax

August 31, 2024

ITAT Restricted Penalty to 50% as AO Nowhere Stated That Clause (8) of Sec. 270A Was Applicable

Case Details: Ashok Kumar Gupta … Continue reading “ITAT Restricted Penalty to 50% as AO Nowhere Stated That Clause (8) of Sec. 270A Was Applicable”

Blog, News, Account & Audit

August 31, 2024

Application of Extinguishment Accounting in Case of Modification in Terms of Financial Liability

VG Limited an automobile company … Continue reading “Application of Extinguishment Accounting in Case of Modification in Terms of Financial Liability”

News, Blog, GST & Customs

August 31, 2024

Matter to Be Remanded Since One Order Confirming Demand and One Dropping Demand by Two Different Authorities Were Passed | HC

Case Details: M/s. Asir Automobiles … Continue reading “Matter to Be Remanded Since One Order Confirming Demand and One Dropping Demand by Two Different Authorities Were Passed | HC”

Blog, News, GST & Customs

August 31, 2024

Writ Petition Praying for SCN to Be Issued Electronically to Be Dismissed as Department Wasn’t Prevented from Issuing SCN by Email | HC

Case Details: Shashank Garg v. … Continue reading “Writ Petition Praying for SCN to Be Issued Electronically to Be Dismissed as Department Wasn’t Prevented from Issuing SCN by Email | HC”

Blog, News, GST & Customs

August 30, 2024

[Opinion] Your GSTR-1 Filing Could Be Blocked Starting September 1st

Prateek Mitruka – [2024] 165 … Continue reading “[Opinion] Your GSTR-1 Filing Could Be Blocked Starting September 1st”

Blog, News, GST & Customs

August 30, 2024

Assessee’s Tax Liability for a Prior Period Could Not Be a Ground for Refusing Cancellation of GST Registration | HC

Case Details: Sanjay Sales India … Continue reading “Assessee’s Tax Liability for a Prior Period Could Not Be a Ground for Refusing Cancellation of GST Registration | HC”

Blog, News, Income Tax

August 30, 2024

[Opinion] Which Ruling Should Be Applied If Two Non-Jurisdictional Courts Make Conflicting Decisions?

Mukesh Kohli – [2024] 165 … Continue reading “[Opinion] Which Ruling Should Be Applied If Two Non-Jurisdictional Courts Make Conflicting Decisions?”

Blog, News, Income Tax

August 30, 2024

No Penalty u/s 270A as Loss Declared Under ‘Income from Other Sources’ Couldn’t Be Set Off or Carried Forward | ITAT

Case Details: Badaud Shri Vardhaman … Continue reading “No Penalty u/s 270A as Loss Declared Under ‘Income from Other Sources’ Couldn’t Be Set Off or Carried Forward | ITAT”

News, Blog, FEMA & Banking

August 30, 2024

SAFEMA Overturned Penalty on Appellant for UK Property Purchase as ED Fails to Prove Unauthorized Fund Transfer

Case Details: Ahmed Suleman Hajiji … Continue reading “SAFEMA Overturned Penalty on Appellant for UK Property Purchase as ED Fails to Prove Unauthorized Fund Transfer”