ITAT Cuttack held that reassessment proceedings fail when no addition is made on the very reasons recorded for reopening. If ...

Since the reassessment itself was quashed, the addition treating long-term capital gains as unexplained cash credit under ...

The dispute centered on a statutory obligation to maintain books of account. The tribunal confirmed that non-compliance ...

The notification substitutes valuation tables under the Customs Act, reaffirming tariff values for edible oils, precious ...

Clarification on Warehousing of Chemical under Para 2.36(a) of Foreign Trade Policy (FTP) 2023 by DGFT dt 6th Summary India’s Foreign Trade Policy ...

The court held that once all GST dues, interest, and penalties are cleared, authorities must consider revocation of ...

The tribunal held that any adjustment while processing a return under Section 143(1) requires prior intimation to the ...

The tribunal held that large cash deposits in bank accounts cannot be taxed as unexplained income when the assessee proves he ...

This case examines whether borrowing costs should be capitalised using full-year borrowings or only those during the eligible period. It concludes that the eligible-period approach best aligns with ...

The High Court held that an eight-day delay in filing a GST appeal within the condonable period deserved consideration. The ...

This article explains the role and powers of the GST Council in shaping tax policy. It highlights how its decisions directly affect prices, compliance, and ...

The issue was whether ITAT could reject appeals after an administrative transfer. The High Court ruled such dismissals are invalid and appeals must be heard on ...