The Income Tax Appellate Tribunal (ITAT), Mumbai Bench ruled that the TDS on indirect transfer of capital assets deriving value substantially from assets situated in India prior to retrospective amendments hit by doctrine of impossibility.

The Rajasthan High Court dismissed the GST Appeal as the matter is at the stage of show cause notice and an opportunity hearing is still available. The petitioner, Genus Power Infrastructure Ltd. submitted that the

The Input Tax Credit (ITC) under the Goods and Service Tax Regime plays a vital role for a business that, if mismanaged, may adversely affect its working capital. The GST law lays down elaborate rules

The Orissa High Court dismissed the plea challenging the Office Memorandum prescribing guidelines for implementation of Goods and Service Tax (GST) in works contract. The Petitioner, M/s.Harish Chandra Majhi is a registered work contractor and

The Income Tax Department has launched its new e-filing portal (www.incometax.gov.in) on June 7, replete with new features which are expected to make the ITR filing process much easier and faster. The Income Tax Department notified all

The Ministry of Corporate Affairs (MCA) notified the Companies (Incorporation)  Fourth Amendment Rules, 2021 wherein the changes in e-Form INC-35 are notified. The notification seeks to amend the Companies (Incorporation) Rules, 2014. In the Companies

The Punjab & Haryana High Court ruled that the  Public Prosecutor should not be heard before granting of bail, if the court has reason to believe the person was not guilty under the Prevention of

In a Setback to DLF Universal, the Income Tax Appellate Tribunal (ITAT), Delhi Bench upheld the disallowance as AO not satisfied with correctness of the claim. The assessee, DLF Universal Ltd. is a company carrying

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi bench has held that the levy of penalty on the sole proprietor of a firm along with the concerned firm would amount to double jeopardy

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chandigarh bench has recently held that the benefit of cenvat credit cannot be denied to the taxpayer on the basis of a faulty investigation conducted by

The National Company Law Appellate Tribunal (NCLAT), Delhi Bench ruled that the Supply of Electricity for running of Corporate Debtor’s office constitutes the part of CIRP Costs which can be recovered when Resolution Pan (RP)

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench allowed the assessee’s claim to write back credit to profit and loss account for bad debt made in earlier years. The assessee company, Goldman Sachs (India) Finance

The Customs, Excises, Service Taxes Appellate Tribunal (CESTAT), Delhi Bench in relief to the Volvo Auto India ruled that the assessable value includes advertising and marketing costs, if relatable to imported goods. The appellant, Volvo

The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench ruled that the disallowance made without pointing out excessive salary was not sustainable. The assessee, M/s Manav Mangal Society is registered as Society under the Society Registration

The Goods and Service Tax Department (GST) of Kerala issued the guidelines for blocking of Input Tax Credit under Rule 86A of SGST Rules, 2017. Rule 86A in the CGST Rules vide notification No 75/2019