The inspection report for 2022 by the National Financial Reporting Authority (NFRA) has identified deficiencies in the audit processes of BSR & Co, Deloitte Haskins & Sells, SRBC & Co, and Price Waterhouse Chartered Accountants

The Chhattisgarh High Court has, in the case of Jain Brothers v. Union Of India [W.P. (T) No. 191 of 2022] upheld the constitutional validity of Section 16(4) of the CGST Act, which prescribes a

CESTAT Weekly Round-Up This round-up analytically summarises the key stories related to the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) reported at Taxscan.in during December 10 to December 21, 2023 Grant of refund benefit

In view of the forthcoming festivities and the New Year, the Union Government has authorized the release of an additional installment of tax devolution amounting to ₹72,961.21 crore to strengthen the hands of State Governments

The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that the addition shall be made in respect of the employee’s contribution to Employee State Insurance (ESI) and Provident Fund (PF) which has not been deposited

In recent years, India has witnessed a remarkable shift from job seeking to entrepreneurship, with a surge in startups reshaping the business landscape. The vibrant startup culture in the country has been fueled by creativity,

The Allahabad High Court has ruled that the onus is on the Income Tax Department to prove that investments made through banking channels is doubtful. The present appeal has been filed under Section 260-A of

Non-Resident Individual is an individual who is not a resident of India for tax purposes. In order to determine whether an Individual is a Non-Resident or not, his residential status is required to be determined

A Single Bench of Madras High Court has remanded the Input Tax Credit (ITC) Claim of Assessee owing to cash crunch that led the assessee to file GSTR-3B and GSTR-2 belatedly and in offline modes,

The Central Board of Direct Taxes (CBDT) amended Rule 17C and notified that Power Grid Infrastructure Investment Trust as a prescribed mode of Investment under Section 11(5) of the Income Tax Act, 1961. The notification

With a motive towards enhancing urban mobility and curbing carbon emissions in the National Capital Region (NCR), the Government of India and the Asian Development Bank (ADB) has signed a deal on December 15, 2023.

The Union Minister of State for Finance, Dr. Bhagwat Karad, in a recent session at the Lok Sabha, has shared some remarkable statistics showcasing the unprecedented growth of Unified Payments Interface (UPI) transactions in India.

With a move aimed at boosting the manufacturing sector and fortifying national supply chains, the Government of India and the Asian Development Bank (ADB) has entered into a crucial agreement on December 15, 2023. The

The Delhi High Court directed the Income Tax Department to file for revival of appeal as the tax effect was less than prescribed threshold. The issue that arose for consideration before the Tribunal was whether

The Delhi High Court penalty under section 271(1)(c) of the Income Tax Act, 1961 is impossible only when the furnishing of inaccurate particulars was proven. It was viewed that a case is made out under