The genesis of the dispute lies in the assessee’s failure to file a return of income despite significant cash deposits in his ...

II. RCM will not apply where cost of fuel is not included in consideration Cases where cost of fuel is not included in ...

ITAT Kolkata held that notice under section 143 (2) of the Income Tax Act issued in in violation of CBDT instruction no. F.No ...

ITAT Delhi held that loose papers cannot be considered as admissible evidence for making an addition unless backed by ...

The Delhi High Court has set aside a Goods and Service Tax (GST) demand order against M/s Jai Optical, observing that the GST ...

Assessing Responsibility of Independent Directors Review of V. Selvaraj v. Reserve Bank of India (2020) Overview A director is a person chosen or designated to ...

In the intricate landscape of Indian taxation, the concept of a Hindu Undivided Family (HUF) holds a significant position, offering a unique avenue for family wealth management and tax planning. An ...

Additionally, it underscores the importance of a strong dispute resolution mechanism in settling tax disputes and restoring taxpayer confidence in the GST ecosystem. By examining the structure, ...

Under the Companies Act, 2013, Corporate Social Responsibility (CSR) mandates certain companies to spend 2% of their average net profits on social and environmental initiatives like education, poverty ...

TDS concept: TDS stand for Tax Deducted at Source. It is an amount deducted by the payer at the time of payment such as salary, interest, professional fees, rent, commission, etc. The basis though is ...

𝗘𝘅𝗮𝗺𝗽𝗹𝗲 𝟭: If INR 1,00,00,000 valuation is pre-money, then post-money valuation will be INR 1,25,00,000 (INR 1,00,00,000 + INR 25,00,000). Whereas the stake of Mr. X will be 20% (INR 25,00,000 ...

Ultimately, it was at Pakistan’s request that a ceasefire was accepted when their Director General of Military Operations (DGMO) contacted his Indian counterpart. To accept this request while ...