Patna High Court held that notice must be supported by reasons. Accordingly, since notice issued under section 148 of the Income Tax Act is not supported by reasons the same is liable to be quashed.

ITAT Ahmedabad held that amount of corpus of donations i.e. voluntary donations received by trust registered under section 12A are considered as capital receipts and hence not chargeable to Income Tax ...

Initially, the AO added the entire amount of the alleged bogus purchases (100%) to the assessee’s income, treating the entire transaction as non-genuine and effectively considering the expenditure on ...

Allahabad High Court rules GST demand for pre-CIRP period invalid after NCLT approves resolution plan, citing Supreme Court judgments on IBC finality. Allahabad: In a significant ruling reinforcing ...

Due to the tense security situation in the country, the Institute of Chartered Accountants of India (ICAI) has announced the ...

GSTN has made the following changes in the refund filing process under the category “On account of Refund by Recipient of ...

Aggrieved by the assessment order and the addition made under Section 69A, Mr. Vijay Kumar Sharma filed an appeal before the CIT (A) in December 2019. The appellate stage provides taxpayers with an ...

Citing these precedents, the High Court unequivocally stated that charges paid for bandwidth to overseas telecom service providers cannot be construed as royalty within the meaning of Section 9 (1) ...

The Delhi High Court has set aside a Goods and Service Tax (GST) demand order against M/s Jai Optical, observing that the GST ...

Ahmedabad: The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench, has dismissed an appeal filed by the Assistant Commissioner of Income-Tax (International Taxation) against Allscripts (India) Pvt.

ITAT Delhi held that loose papers cannot be considered as admissible evidence for making an addition unless backed by ...

The second initiative, the CSMC-Professional Program, is an extension of the MoU signed between ICSI and NISM in July 2024. It is open to students who have completed the CS Executive Program and ...