The Delhi High Court has restored the appeal before the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), as the condition of the deposit was complied with. The court allowed the writ petition and stated

In a ruling in favour of the State Bank of India ( SBI ), the Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) has held that no deduction of deduct tax at source

An average Indian eats three meals a day. Ever wondered how much of your food budget goes to taxes? From your morning cup of chai to your late night snacks, every bite of your food

The Delhi High Court has refused to entertain the plea for interim relief in the writ petition filed against penalties imposed by the National Financial Reporting Authority (NFRA) on two Chartered Accountants and CA Firm,

The Income Tax Department has notified the reminder for the filing of Statements of Financial Transactions ( SFT ) by the Reporting Entities ( RE ) for the Financial Year ( FY ) 2023-24. The

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

The Allahabad bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) has held that service tax demand under work contract service is not valid as the assessee was not registered. It

The Two member bench of Delhi Income Tax Appellate Tribunal (ITAT) upheld the addition made on account of non submission of PAN and confirmation of parties regarding the advances received for Dish Installation. The Assessee

The Central Board of Indirect Taxes & Customs ( CBIC ), under the Ministry of Finance, vide notification no. 35/2024-CUSTOMS (N.T.) dated 15th May 2024 has notified the amendment in tariff value of crude palm oil, Gold,

India and Russia have inked the Authorised Economic Operator ( AEO ) Mutual Recognition Agreement on 15th May 2024. The Chairman of central Board of Indirect Taxes and Customs ( CBIC ) Mr. Sanjay Kumar

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 Delhi High Court clarified that powers under Section 127 of the Income Tax Act, 1961, can be invoked for public interest, administrative convenience, and meaningful assessment. The present writ petitions, at the instance of

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has granted relief to Shell Information Technology, specifying that interest on income tax refund would be categorized as taxable interest income under Article

The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has ordered a reconsideration, noting substantial evidence indicating that a taxpayer engaged in a money transfer business utilizing platforms such as M-Pesa and

The Kerala High Court has upheld the right to pursue justice by allowing the pursuit of a statutory remedy of appeal, despite the dismissal of a writ petition. This decision ensures access to legal remedies