The Supreme Court is to decide whether Cash qualifies as ‘Thing’ for the purposes of Section 67(2) of Goods and Services Tax ( GST Act ). A bench comprising Justices J.B. Pardiwala and R. Mahadevan

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

75% Gross Profit Earned from Indian Operations: Delhi HC upholds Direction of the AO to Adopt Attribution Rate of Revenue THE COMMISSIONER OF INCOME TAX vs TRAVELPORT GLOBAL DISTRIBUTION SYSTEMS B.V 2024 TAXSCAN (HC) 192 Delhi

The Delhi High Court has recently, in relief to J.C. Bamford (JCB) India has held that not all intellectual property disputes are anti-competitive. The court quashed proceedings initiated by the Competition Commission of India (CCI)

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 Bombay High Court sharply criticized the Income Tax Department for delays in processing tax refunds. The Court warned of the growing interest burden on public funds caused by such administrative

In a recent ruling, the Madras High Court ruled that the Income Tax Settlement Commission ( ITSC ) does not have the power to invoke Section 154 of the Income Tax Act, 1961, to rectify

A staggering 93,000 candidates attempt the Chartered Accountant ( CA ) exam each year in India, with a passing rate of about 25%. The professional tag of a ‘CA’ is one that is coveted by

Q1. What is crowdfunding? Crowdfunding is a method of raising funds from a large number of individuals, typically through online platforms. It is used to finance various purposes such as personal emergencies, creative projects, business

In a ruling in favour of Union Bank of India (UBI), the New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that  date of declaration of the loan account/ debt as

Penalties under the Central Excise Rules, 2002 are imposed for non-compliance with various provisions of the Central Excise Act, 1944. It was aimed to prevent evasion of duties, and maintain discipline in excise administration. Penalty

In a significant case, the Kerala High Court held that the provisions of the Foreign Trade Policy cannot by itself authorise the levy of interest under Section 28AA of the Foreign Trade (Development and Regulation)

Recently, Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) set aside a penalty of Rs. 58.97 lakh imposed by the Assessing Officer ( AO ), noting that the issue of disallowance of

This weekly round-up analytically summarizes the key stories related to the Income Tax Appellate Tribunal ( ITAT ) reported at Taxscan from 30 November 2024 to 6 December 2024. ITAT Remands Case to CIT(A) for