Issue of notice of hearing is a statutory requirement U/s. 75(4) Of CGST Act before imposition of tax or penalty.
Admissibility of writ petition against reassessment order u/s 148: Supreme Court observed the High Court order rejecting writ under Article 226 as cryptic, nonspeaking and non-reasoned – Restored the matter back to HC
Bonus paid to Directors of the Company who were the only shareholders is disallowable u/s 36(1)(ii) as it was nothing but in lieu of dividend: Delhi High Court
Foreign exchange fluctuation loss incurred for the purpose of borrowing in the business of financing and leasing is a revenue expenditure allowable u/s 37: WIPRO Finance Limited Vs CIT
Non Filing of GST Returns and cancellation of GST Registration by the Department: Madras HC restored with the remark “ No useful purpose will be served by keeping such assessee out of the Goods and Services Tax regime”
Condonation of delay of 238 days in filing appeal granted by ITAT – Considered medical grounds for admitting the Appeal
Supreme Court stays High Court observation declaring faceless assessment as non est u/s 144B(9) in view of repeal of section 144B(9) W.R.E.F. 01.04.2021 by FA-2022
Verification / Certification of documents related to Incorporation of a Company or a LLP by practicing Professionals
“King can do no wrong” – Observation by Bombay HC in the case of Mantra Industries Limited Vs NFAC at Para 9 stayed
Additional Information to be provided while generating UDIN for Audit Report for Statutory Audit of Bank Branches
