Delhi High Court ruled in favor of IBIBO Group Private Limited by quashing the income tax reassessment proceedings for the (AY) 2015-16. The proceedings in question had been initiated under Section ...

Kodarma Chemical Private Limited, a company specializing in the extraction of aromatic hydrocarbons like benzene, toluene, ...

The Court observed that while the GST portal provides various modes for issuing notices, reliance solely on the “Additional Notices and Orders” tab without proper communication violated procedural ...

The paper analyzes the impact of the newly introduced indexation rate in the newly introduced Finance Act of India on long-term and short-term capital gains tax computations. Indexation, a critical ...

As it turned out, the Bench then further enunciates in para 7 stating that, “With the above, the counsel argues that the High Court while considering bail, should not have imposed a precondition on ...

In the case of Gujarat Chamber of Commerce and Industry & Ors. v. Union of India (decided on January 3, 2025), the Gujarat High Court dealt with the issue of whether the assignment of leasehold rights ...

Summary: The Securities and Exchange Board of India (SEBI) has specified disqualifications and prohibited services for Practicing Company Secretaries (PCS) serving as Secretarial Auditors under ...

Therefore the field of direct taxes laws call for special attention, notifications, circulars, clarifications and incessant amendments which involves hectic research activities of the higher officials ...

Let us say our client is S mall-Fin Bank and wants to open up the S aving and L oan Accounts in that Sub-Urban Territory and in general wants to create a M onopoly and the A verage Ticket Size for the ...

Which taxpayers can use GST SPL 02 form to apply for Amnesty Scheme under section 128A ? Step by step guide on how to file application for GST Amnesty Scheme under section 128A: The Amnesty scheme ...

GST Council in its 53 rd meeting recommended insertion of Section 128A of the CGST Act, giving relief to the registered person from interest and penalties for the financial years 2017-18 to 2019-20 ...

The AO shall only continue with reassessment pursuant to section 148 of the Act if he has a “reason to believe” that income subject to tax has escaped assessment for a specific Assessment Year (AY).