ITAT Delhi deleted penalties against Sahara India Commercial, citing a defective "omnibus" notice and a time-barred, invalid reassessment based on "borrowed ...

A simple guide to GST registration for small businesses in India. Understand the process, required documents, and benefits of ...

A professional analysis of interim financial reporting under AS 25 and Ind AS 34, covering key principles, regulatory context, and practical applications in ...

The ITAT Mumbai has ruled that brought-forward business losses cannot be set off against short-term capital gains from the sale of depreciated assets, upholding the ...

ITAT Delhi held the reopening of an assessment invalid for Viramgam Mahesana Project Limited, ruling against borrowed satisfaction and a "change of opinion" by the Assessing ...

The ITAT Mumbai quashed a penalty against an assessee, ruling that the penalty order was time-barred as it was issued beyond the limitation period specified under Section ...

Understand why off-market transactions appear in your Annual Information Statement. Learn how to verify, correct, and ...

The Himachal Pradesh High Court granted anticipatory bail to a man accused of stalking, ruling that taking a woman's photos ...

Mere initiation of reassessment proceedings, which remain unfinalized, could not be a ground to deny an assessee the benefits available under the Direct Tax Vivad Se Vishwas (DTVSV) Scheme, ...

The Ministry of Finance has amended the Income-tax Rules, 1962, updating Form No. 7 to include block period alongside assessment year from September 1, ...

A First Appellate Authority order from the Insolvency and Bankruptcy Board of India addresses two RTI appeals. The order ...

Prime Minister Modi announces new GST reforms to simplify the tax system, rationalise rates, and correct structural issues to benefit citizens and ...