NCLAT Delhi held that where Notice under Section 13(2) of SARFAESI Act, 2002 makes a demand as per the Guarantee Agreement between the parties, the Notice has to be treated as notice for invocation of ...

GST registration cannot be cancelled mechanically without taking into consideration the points in reply, statements and evidence recorded during verification: Allahabad ...

Calcutta High Court held that reopening of assessment u/s. 147 for claim of bogus capital gain sustained fundamentals of company are very weak and abnormal price rise in share is artificially ...

Gujarat High Court held that order cancelling GST registration for non-filing of GST return set aside since tax along with interest and penalty already paid and petitioner is ready and willing to ...

Delhi High Court quashes Income Tax notice, ruling a pen drive with FY 2014-15 data cannot justify reassessment for AY ...

ITAT Mumbai held that interest on advance given to entity how became Non Performing Asset (NPA) cannot be brought to tax since the income is really not accrued to the assessee. Accordingly, addition ...

ITAT Pune held that entire cash deposits into the bank account cannot be treated as income, only profit element embedded in the same should be brought to tax. Thus, addition adopting 8% profit rate ...

Himachal Pradesh High Court held that pending tax in respect of vehicles purchased in auction is to be paid by the auction ...

ITAT Mumbai held that the view taken by AO was a plausible view and the same cannot be subjected to revision under Section 263 of the Act merely for the reasons that PCIT does not agree with the same.

Understand the compounding of offences under Section 441 of the Companies Act, 2013 (and erstwhile Section 621A of 1956 Act). Learn about compoundable and non-compoundable offences, the authorities ...

Learn how to file LUT under GST for export of services, comply with Rule 96A conditions, and avoid tax liabilities. Essential guide for exporters on zero-rated ...

Delhi High Court restricts writ jurisdiction in fraudulent ITC cases, dismissing a petition and emphasizing clean hands and due process ...