Jurisdiction assumed u/s 148 on borrowed satisfaction without any live link between information and material on record – Supreme Court declined to entertain Department In a recent judgment, Hon’ble Supreme Court declined to interfere with High Court order quashing notice under section 148 when Assessing Officer assumed jurisdiction …
CBDT notifies PDF format of ITR-7 for AY 2025-26 CBDT has notified PDF format of ITR-7 for AY 2025-26 applicable for persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) Ministry of FinanceDepartment of RevenueCentral Board of Direct Taxes Notification No. …
Under GST provisions determination of tax can not take place against a deceased person. Section 93 only deals with liability to pay tax In a recent judgment, Allahabad High Court has held that under GST provisions determination of tax can not take place against a deceased person. The …
Govt. notifies Credit Guarantee Scheme for Startups (CGSS) The Central Government has approved the ‘Credit Guarantee Scheme for Startups (CGSS)’ for the purpose of providing credit guarantees to loans extended by Member Institutions (MI) to finance eligible borrowers being Startups. The Scheme has come into force from 08.05.2025 …
Changes in the GST refund filing process under the category on account of Refund by Recipient of deemed export. GSTN has made the following changes in the refund filing process under the category “On account of Refund by Recipient of deemed export”: 1. Refund applications under this category is …
The Companies (Indian Accounting Standards) Amendment Rules, 2025 – Non-exchangeable currency and disclosure requirement Ministry of Corporate Affairs has notified the Companies (Indian Accounting Standards) Amendment Rules, 2025 The Companies (Indian Accounting Standards) Amendment Rules, 2025, notified by the Ministry of Corporate Affairs on May 8, 2025 has …
