Understanding how mutual fund taxes work is crucial for investors. When you sell equity-oriented mutual fund units held for less than one year, the capital gains are deemed short-term and are taxed at your regular

Supposedly, a taxpayer (appellant) disagrees with a decision made by the tax authorities and files an appeal with the Appellate Authority or the Appellate Tribunal. To file the appeal, the taxpayer might be required to

The Supreme Court, while granting relief to EMBIO Ltd ruled that penalty cannot be imposed under Section 11(2) of the Foreign Trade (Development and Regulation) Act, 1992 for not fulfilling the export obligation. The Section

The Supreme Court has listed the Special Leave Petition ( SLP ) filed by the Directorate Genetral of Goods and Services Tax Intelligence ( DGGI ) against the Gameskraft Technologies Private Ltd challenging the Karnataka

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has granted relief to Shell Information Technology, ruling that payments for IT support services were not considered fees for technical services under the

Recently, the Allahabad High Court has held that, it is clear that only violation is a technical  one wherein E-Way Bill was not present in the vehicle”, while quashing the Goods and Services Tax (GST)

The Supreme Court has ruled that the labelling or re-labelling or putting additional labels to the containers amounted to ‘Manufacture’ for Cenvat Credit and rebate under Central Excise Act, 1944. The apex court, by this

Ever since it was first implemented, India’s anti-profiteering clause under the GST law has attracted considerable discussion. Although the anti-profiteering mechanism was introduced with the intention of curbing unjust price swindling, has it been successfully,

In response to recent inquiries regarding disciplinary actions against Big 4 affiliates, the Institute of Chartered Accountants of India ( ICAI ) issued a comprehensive statement outlining its regulatory framework and commitment to fair procedures.

The Mumbai bench of the Customs Excise and Service Tax Appellate Tribunal ( CESTAT ) calls for re-determination as the assessment of micro-cellular goods falters, questioning the reliance on an unofficial test report. The appellant-assessee

The Calcutta High Court rejected the bail application of Kuntal Ghosh in the matter regarding the inducement to pay wrongful gratification for illegal appointments. The Petitioner is a prominent youth leader of the political party

The Allahabad bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has directed the Commissioner to return the seized gold, ruling that it was not smuggled under Section 123 of the Customs Act,

Form ITC-02 is the form for transferring unutilized Input Tax Credit ( ITC ) balances from one GST Identification Number ( GSTIN ) to another. This transfer is essential in situations where businesses undergo mergers,

The Andhra Pradesh High Court quashed Bar license suspension order by the Excise Commissioner and held that the reasons are heart and soul of order passed by the Authority. The grievance of the petitioner is

The Mumbai bench of the Customs Excise and Service Tax Appellate Tribunal (CESTAT) ruled that issuing a second Show Cause Notice ( SCN ) for excise demand without adjudicating the first was deemed jurisdictionally void.