The Two member bench of Bangalore  Income Tax Appellate Tribunal ( ITAT ) directs readjudication regarding the commission and brokerage sale credited to Profit and Loss Account of distributorship to Reliance Jio and Sun Directs.

The Kerala High Court has ordered an immediate halt to coercive recovery measures by the income tax authorities against the Pallickal Naduvilemuri Service Co-operative Bank Ltd. The ruling comes as a relief to the petitioner

The Gujarat bench of the Authority for Advance Ruling ( AAR ) ruled that deducting from employee salaries for food provided within factory premises does not fall under the classification of 'supply' as per section

The Income Tax Act, 1961 provides certain tax benefits to a trust that is set up for religious or charitable purposes. To guarantee compliance and maximise benefits, trustees must be knowledgeable of the subtleties of

In a recent case, the Madhya  Pradesh High Court dismissed a petition against a supplementary prosecution complaint filed by the Enforcement Directors ( ED ) against the director of Zoom Developers. Petitioner , Manjri Choudhari

The Delhi High Court has nullified an order issued by the Customs Excise and Service Tax Appellate Tribunal ( CESTAT ), citing jurisdictional constraints. The case in question involves a dispute between the Commissioner of

In a recent case, the Punjab and Haryana High Court quashed the First Information Report ( FIR ) filed by the enforcement directorate under Section 3 read with Section 4 of the Prevention of Money

The Supreme Court Bench of Justices Sanjiv Khanna, MM Sundresh, and Bela M Trivedi made several critical observations regarding the powers and procedures related to arrests by GST (Goods and Services Tax) officers recently. The

The Madras High Court has upheld an order under Section 263 of the Income Tax Act, dismissing a writ petition filed against it. The court emphasised the clear distinction between the scrutinised assessment order under

This weekly round-up analytically summarizes the key stories related to the Supreme Court and High Court reported at Taxscan.in from May 04th, 2024 to May 10th, 2024. SUPREME COURT Amounts covered by Security deposits under

The Gujarat bench of the Authority for Advance Ruling ( AAR ) ruled that the employer was eligible to avail Input Tax Credit ( ITC ) on the rooftop solar system, along with its installation

The Madras High Court directed the refund of the recovered amount as the proper officer failed to explain the reason for recovering the amount under Section 78 of Tamil Nadu Goods and Services Tax, 2017

The Mumbai bench of the Customs Authority for Advance Ruling (AAR) ruled that the PVC raincoats are classifiable under the category of "Overcoats, Raincoats, and Similar Articles" as specified in the First Schedule of the

The Phonepe invited applications for the post Senior Manager - Corporate Finance. Qualification CA (preferably an MBA as well) from premier institute Experience in the financial sector with previous roles such as financial analyst (not mandatory),

In recent developments, the Kerala Goods and Services Tax ( GST ) Department has issued a directive that could significantly impact taxpayers aggrieved by decisions of the First Appellate Authority. Understanding “Kerala Model” Directive to