GSTN Advisory regarding IMS during initial phase of its implementation

ITAT allowed Assessee’s claim for depreciation on goodwill of period prior to applicability of the amendment vide Finance Act 2021

Adherence to statutory time limits is crucial in tax assessments

Sale Deed Insufficient for Agricultural Land Classification in Tax Matters: Delhi HC

Addition on the basis of statement recorded has no evidentiary value without any incriminating material

Proposed Direct Tax Code: What Changes It Could Bring

Maharashtra Unveils Tourism Policy 2024 – Focus on Investments, Job Creation & Agro Tourism

Per Incuriam : A Legal Compass for Ensuring Judicial Consistency

Technicalities and rigid application of rules should not override human considerations: Court on rejection of application for condonation of Delay in filing Return under section 119(2)(b)

Whether income from the sale of software licenses should be classified as business income or royalty income?

CPC denial of the claim of section 115BAB holding that no manufacturing activity has begun: ITAT Hyderabad allowed it

10 Years of delay in filing appeal Condoned by Hyderabad ITAT

Issue of Notice by the Jurisdictional Assessing Officer (JAO) would be valid and compliant with the Faceless Scheme of Assessment: Delhi HC

Admission made under pressure does not equate to valid tax liabilities: Revenue authorities must provide substantial evidence to support their claims.

GST not debited to the Profit and Loss Account, no disallowance can be made under section 43B: ITAT Ahemdabad

Not opening separate Bank Account for private placement of Fund: ROC imposed fine of Rs. 5 Lakh

Incorrect Form No. 16 data provided by his employer resulting in years of unresolved tax demands: ITAT condoned 10 years of delay in filing appeal

Losses in speculative business- provisions for set off and carry forward