ITAT Bangalore held that non application of mind by the AO to the legal issues would justify action of section 263 of the ...

The case involves three appeals filed by members of the same family against penalty orders issued under Section 271(1)(c) of ...

Central Tax dated 23rd January 2025, has announced a waiver of excess late fees under Section 47 of the Central Goods and ...

Background: Section 14A of the Income Tax Act, 1961, deals with the disallowance of expenditure incurred to earn exempt ...

Bombay High Court dismissed a petition by Laxminath Investment & Management Consultants Pvt. Ltd., challenging the transfer ...

Darpan registration is essentially a must if you’re running an NGO or a voluntary organization and plan to work closely with the government. It’s like your ticket to access government grants and ...

19. Thus, it is abundantly clear that the impugned order passed by the ld. PCIT is in gross violation of the principles of natural justice, passed without considering the contentions of the assessee ...

Supreme Court held that the reduction in share capital of the subsidiary company and subsequent proportionate reduction in the shareholding of the assessee would be squarely covered within the meaning ...

Well, it is well-known printing of unjustified amount of currency and its distribution in the people of a country will increase the inflation, (to be more precise, equal distribution of currency). But ...

The real estate sector is divided into core land and residential complexes, with the latter offering higher profit potentia ...

Summary: Section 92BA(i) of the Income Tax Act, 1961 introduced the concept of Specified Domestic Transactions (SDTs) to ensure related-party transactions in India were conducted at arm’s length to ...

Madras High Court held that e-way bill containing address of additional place of business which is not registered under GST is only procedural irregularities hence imposition of penalty under section ...