In a recent ruling, the Delhi High Court upheld the validity of a Rs. 67.50 crore transaction as a legitimate land sale advance citing evidence of banking transfers and an executed Agreement to Sell and

Freelancers are usually paid directly by the clients, but they tend not to receive traditional employee benefits such as insurance or paid leave.  Freelancers are responsible for their tax filings and may need to account

This annual round-up analytically summarizes the key Direct and Indirect Tax Judgments of the Supreme Court and all High Courts of India reported at Taxscan.in during 2024. Change of Opinion is not reason to believe

In an official press release issued on December 10, 2024, the GST department announced the discovery of an enormous Rs. 35,132 crore Input Tax Credit ( ITC ) fraud involving 17,818 fake firms. This is

New rules are coming for audit and assurance firms, focusing on how Engagement Quality Reviews ( EQRs ) should be performed. These changes explained in Statement on Quality Management Standards ( SQMS ) No. 2

JP Morgan Chase invited applications for the post of Investor Relations Analyst. Qualification: CA, MBA Project management and follow-through skills Sensitivity to discretely handle highly confidential and related client/manager information Comfort with organizing and interpreting

In a recent ruling, the Madras High Court ordered a fresh hearing for the petitioner because the Goods and Service Tax consultant failed to notify about the proceedings and had already paid 90% of the

The Surat Bench of the Income Tax Appellate Tribunal ( ITAT ), in a recent ruling, rejected a cooperative bank's claim of bank debt reserves under Section 36(1)(viia) of the Income Tax Act 1961, stating

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) directed the Commissioner of Income Tax(Appeals)[CIT(A)] to conduct a fresh hearing after dismissing the appeal for non-prosecution and imposed a ₹5,000 cost to be

The National Company Law Tribunal (NCLT) of  Bengaluru bench has held that all claims including subject matter of ongoing arbitration proceedings will stand extinguished after the approval of the Resolution Plan under Insolvency Bankruptcy Code

The Bombay High Court recently ordered a stay, restricting Canara Bank from undertaking further steps to include arraigned taxation lawyer Anil Harish’s name in the list of wilful defaulters maintained by the Credit Information Bureau

In a significant move, the Appointments Committee of the Cabinet ( ACC ) has approved the appointment of Shri Sanjay Malhotra as the new Governor for the Reserve Bank of India ( RBI ). This

In a recent ruling, the Madras High Court held that disputed questions of fact cannot be adjudicated in a writ petition and allowed the petitioner to approach the Tribunal as it observed that the assessment

The Surat bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of Jagdishbhai Karamshibhai Bodra, ordered for reassessment in the case of an alleged fraud case highlighting the importance of upholding

The Securities and Exchange Board of India ( SEBI ) has set up timelines for merchant bankers to upload documents in an online Document Repository platform established by stock exchanges. In line with Regulation 14