The Finance Minister, Nirmala Sitharaman announced the special cash package equivalent in lieu of Leave Travel Concession (LTC) Fare for Central Government Employees during Block 2018-2021. The government has announced the LTC Scheme in view

The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) observed that advance paid by speculative buyer in real estate not financial debt under the Insolvency and Bankruptcy Code, 2106 (

The Delhi High Court refused to grant bail to an under-trial Prisoner who submitted a bail application on the Prevention of Money-Laundering Act (PMLA) 2002. The petition was sought to extend the bail granted by

The Madras High Court, in a recent ruling, held that assessment cannot be reopened merely on ground of mismatch found in the VAT Department’s website. Justice T. Sivagnanam was hearing a bunch of petitions filed

The Supreme Court ruled that the Moratorium order under Section 14 IBC bars parallel proceedings against Corporate Debtors under Section 138 of Negotiable Instruments Act. The National Company Law Tribunal (NCLT), Chennai had initiated Corporate

The GST Council in its 31st meeting decided that a new GST return system will be introduced to facilitate taxpayers. In order to ease transition to the new return system, a transition plan has been worked

The Finance Minister Nirmala Sitharaman has presented the Union Budget of 2023, by delivering the budget speech. The budget proposed minor changes to tax policies, allocation of government spending, income tax, GST and Customs Duty

The Mumbai bench of the Income Tax Appellate Tribunal has ruled that premium earned on allotment of preference shares by a loss-making entity cannot be taxed. The tribunal said the valuation of shares is not

The assessee, M/s. JSW Steel Ltd., imported 98,450 metric tons of Goonyella C Coking Coal for discharge at Marmagao Port which arrived on 14th April, 2017 and Bill of Entry No. 9375854 dated 20 th

The Delhi High Court upheld the addition of  House Rent Allowance (HRA) to Income as the HRA was not being paid to the deceased due to the allotment of government accommodation. United India Insurance Co

The Bombay High Court chaired by Justice R.N. Laddha granted bail with conditions and issued a personal bond of Rs. 25,000 to the applicant who smuggled iPhones by giving misdeclaration in the imported consignments to

Aadhaar Holders must link it with PAN, Non-Aadhaar Card Holders need not apply Aadhaar, says Supreme Court. A two-judge bench of the Supreme Court today stayed the application of Section 139AA of the Income Tax Act

The Tripura High Court has recently dismissed a criminal revision petition, upholding denial of discharge of the accused in a case where they were alleged to have demanded tax money in the name of an

The Supreme Court rescued importers who were required to pay an elevated customs duty of 200% on import of products from Pakistan due to the Centre’s unexpected tariff enhancement on imports after the 2019 Pulwama

The Madras High Court recently struck down the expression "per entry" appearing along with the rate of tax indicated in the second column of the Ninth Schedule to the Tamil Nadu Motor Vehicles Taxation Act,