The Tribunal held that the timing of loan disbursals and demonetization supported the assessee’s explanation. Key takeaway: partial relief granted by accepting most of the deposit as ...

ITAT Chandigarh upheld CIT(A)’s order deleting AO’s additions on depreciation, excess stock, and gross profit, confirming machinery was in use and books were ...

ITAT Chandigarh ruled that the CIT(A) is empowered to set aside and remand assessments made under Section 144 to the AO under Section 251(1)(a) of the Income Tax ...

The Gujarat High Court held that a notice issued under Section 148A(b) was procedurally flawed as it functioned as a Section 148A(a) inquiry. The notice, order under Section 148A(d), and subsequent ...

The Tribunal found that hearing notices were sent to the wrong email address, resulting in an ex-parte order. The matter was remanded to the AO after directing the assessee to deposit ₹5,000 as ...

DGFT revises the Handbook of Procedures, merging ANF-1A into ANF-2A and enabling electronic verification of IEC application details to simplify the ...

Draft circular proposes that Zero Coupon Zero Principal bonds be excluded from Basic Services Demat Account eligibility to reflect realizable investment ...

Summary Guarantees—personal, corporate, and bank—play a crucial role in financial transactions, but under GST they attract ...

Discover how the NSWS portal centralizes all business approvals, licenses, and registrations, enabling faster, transparent, ...

The 2025 Act cuts chapters, sections, and word count by half while reorganising the entire law into clearer tables and ...

ITAT Delhi ruled that additions under section 153A cannot be made without incriminating material specific to the assessee.

A practical two-day GSTAT workshop equips professionals with drafting, presentation, and procedural skills to excel in GST ...