• Income Tax

ITAT deleted penalty for making a wrong claim of deduction u/s 54F/54B

11 months ago

Wrong claim of deduction u/s 54F/54B was not a case of concealment of particulars of income or furnishing inaccurate particulars…

  • GST

Value of taxable supply and rates notified Pan Masala / tobacco products

11 months ago

CBIC notifies GST rates and value of taxable supply for Biris, Pan Masala / tobacco products  Ministry of Finance(Department of…

  • Excise/Custom

CBIC issues SOP for wearing Body Cam by Custom officers in Baggage Clearance

11 months ago

CBIC has issued a Standard Operating Procedure (SoP) for wearing Body Cam by Custom officers responsible for Baggage Clearance According…

  • Companies Act

MCA amends rules regarding Directors KYC and updation

11 months ago

MCA amends rules regarding Directors KYC and updation MINISTRY OF CORPORATE AFFAIRSNOTIFICATION New Delhi, the 31st December, 2025 G.S.R. 943(E).—In…

  • ICAI

ICAI again defers Phase IV of Peer Review Mandate to 31.12.2026

11 months ago

Deferment of ICAI Phase IV Peer Review Mandate to 31.12.2026 The ICAI has decided that Phase IV of the Peer…

  • Income Tax

When foundation of reopening does not survive, no addition can be made for other issues

11 months ago

When foundation of reopening does not survive, no addition can be made in respect of other issues - ITAT In…

  • GST

GST Advisory & FAQs on Electronic Credit Reversal & Re-claimed Statement & RCM Liability

11 months ago

GSTN Advisory & FAQs related to Electronic Credit Reversal and Re-claimed Statement and RCM Liability/ITC Statement To ensure correct and…

  • Income Tax

Negligence of tax payer would not make exempt income taxable – ITAT

11 months ago

It is well settled that if any receipt cannot be subjected to tax being exempt under law, negligence of any…

  • GST

For a notice sent by GSTN Portal no inference may be drawn as to its actual service

11 months ago

Since UPGST Authorities unable to inform when notice sent by GSTN Portal may have been retrieved or downloaded, no inference…

  • Income Tax

Cash deposit of Rs. 250000 cr (credit) misread as crores by AO – Plea declined

11 months ago

High Court declines plea of assessee that Income Tax Department wrongly read amount of cash deposit of Rs. 250000 Cr…