Following the introduction of the Income Tax Bill 2025 in Parliament, ICAI has expressed its strong support for the proposed ...

ITAT Raipur held that there were justifiable reasons for the assessee firm of having remained unaware about the on-going ...

Following Budget 2024, the long-term capital gains on domestic and foreign equity funds/ETFs/FOFs were to be taxed at 12.5%.

Jharkhand High Court ruled that tax authorities must follow the due process before passing adjudication orders under the ...

The CESTAT also held that the burden is on the Department to establish the classification of goods as HSD, which conforms to ...

ITAT Nagpur held that rejecting application for registration u/s. 10 (23C) of the Income Tax Act for the acts which have not ...

The “One Nation, One Election” idea is all about bringing together the national and state elections for one big event. This approach could save ...

The tribunal found that the Assessing Officer (AO) had reopened the assessment based on vague and ambiguous reasons, indicating a lack of application of mind. The AO’s recorded reasons contained ...

Government has Strengthened IBC with Six Amendments and 122 Regulatory reforms since its inception Over 8,000 CIRPs initiated, rescuing 3,485 debtors and realization of ₹3.58 lakh crore ...

Summary: Audit trails are essential for ensuring transparency and compliance in business operations, particularly under Indian laws. According to the Companies Act, 2013, businesses using accounting ...

CESTAT Chennai held that refund of excess duty paid is allowable since delay in filing of bill of entry was on account of system error. Thus, appeal of revenue dismissed and refund granted by lower ...

Disciplinary Committee (DC) suspended Insolvency Professional Anil Mehta for three months due to misconduct during the liquidation of Pratibha Industries Limited. The investigation revealed that Mehta ...