Calcutta High Court upholds ITAT decision, dismissing Income Tax Department's appeal regarding share capital and premium addition for AY ...

Understand the interest implications of delayed TDS deductions. Learn about interest rates, calculation periods, principal amount, and tax treatment of interest under the Income Tax ...

Under GST, garments and apparel fall under Chapters 61 (knitted or crocheted) and 62 (non-knitted) of the Customs Tariff Act, 1975. The applicable GST rate is driven by the value of the individual ...

Explore GST Section 17 rules on Input Tax Credit (ITC) apportionment for mixed supplies and a comprehensive list of blocked credits, including vehicles and specific ...

Cross-examination in quasi-judicial proceedings under GST and IDT is not merely a procedural formality but a substantive right that ensures principles of audi alteram partem (hear the other side) are ...

ITAT Bangalore accepts self-made vouchers for coolie, labor, and farm expenses, deleting disallowances for Carreg Commodities Pvt.

Telangana High Court held that granting registration under section 12A retrospectively is not permissible as cogent reasons ...

ITAT Mumbai held that the addition in respect of bogus purchases is to be limited to the extent of bringing the gross profit rate on such purchases at the same rate as of other genuine purchases.

This court is required to draw a balance between the right of the petitioner to travel abroad and also the right of the prosecution to duly prosecute the petitioner so as to prevent him from evading ...

ITAT Bangalore remands Sardar Imtiyaz Pasha's appeal to AO, citing unfair profit estimation and denial of fair hearing by CIT(A). Case sent back for fresh review of cash ...

Understand capital gains tax on jointly held properties in India. Learn about beneficial ownership, funding patterns, clubbing provisions, and Section 54 exemptions for ...

Aurangabad Bench of Bombay HC declines to quash rape FIR despite compromise, citing seriousness of offence and need to prevent misuse of legal ...