As a result, the Registrar concluded that both the company and its directors were liable for penalties under Section 172 of ...

ITAT Hyderabad held that disallowance by invoking provisions of section 36 (1) (iii) of the Income Tax Act not sustained since the sum is not an advance/loan to sister concern, however, it is an ...

GST Registration Saga: Social Media Post Triggers Swift Clarification from Finance Ministry and CBIC ...

A small matter of rounding off: Section 170 of the CGST Act permits rounding of tax to the nearest rupee. Why, then, are ...

Madras High Court held that in re-assessment proceedings the objections of assessee should be dealt in accordance with GKN Driveshafts principle. Here, all the proceedings are set aside since the GKN ...

Failure to comply with CPE hours requirements for the year 2024 by 30th June 2025, will escalate your status to Level II and ...

Himachal Pradesh High Court held that petitioner/ university is not liable to pay taxes on supply of food stuff and other ...

Through flagship initiatives such as the MSME Yatra, Startup Sphere, Startup Manthan, and Startup Samvad, ICAI actively ...

Shiva Industries had challenged refund orders issued on April 22, 2022, and June 23, 2022, by the Deputy Commissioner, CGST ...

Gauhati High Court held that anticipatory bail application is not maintainable since ineligible ITC amount involved is less 5 crores and hence the case falls under bailable offence. Accordingly, the ...

Righteously, it’s the point where courts enter the frame, though sparingly. As specifically laid in the case of Foss v. Harbottle, the exceptions, like when those in control commit a “fraud on the ...

Hello, Income Tax return filing for FY 2024-25 has been started. We all are know that new regime is the default regime for FY 2024-25. If any assessee wants to file the ITR in old regime than he can ...