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 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 ...

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, ...

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 ...

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 ...

Mr. Pathak’s application specifically targeted observations in the High Court’s order dated August 28, 2018, which suggested that the cost imposed on the State for filing “whimsical” criminal cases ...

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 ...

The case involved a fabric trader whose purchases from three specific entities were identified as bogus by the income tax department following survey operations on the supplier group concerns. The ...

The principle of fiduciary duty has its basis in the theory of good faith. Between two individuals, one must safeguard the other’s interests, and if the former’s use of such a relationship generates ...