GSTN clarified that payments made through Form GST DRC-03 are not automatically adjusted against a demand order. Taxpayers ...

Courts have held that lump-sum alimony received under a divorce settlement is a capital receipt outside the scope of taxable ...

The Delhi High Court held that consolidated show cause notices covering multiple years are permissible where fraudulent availment or utilisation of input tax credit is ...

The Delhi High Court upheld the ITAT s ruling that assessment orders were invalid because the approving authority granted ...

This article explains how technology, ESG considerations, and digital business models are transforming insolvency practice ...

SEBI clarified conditions under which mutual funds can use intraday borrowings to address redemption payout timing mismatches. The borrowing amount must be linked to guaranteed receivables due the ...

CBIC updated tariff values for edible oils, gold, silver, and brass scrap to reflect current price trends and ensure accurate customs duty ...

The tribunal examined whether an appeal could be dismissed for non-compliance without considering the assessee’s explanation. It set aside the order and remanded the matter, directing the authority to ...

The Tribunal relied on official certificates confirming that the land was located beyond municipal limits and classified as agricultural. Since agricultural land is excluded from capital asset ...

The tribunal examined whether an appeal could be dismissed as time-barred without giving the assessee an opportunity to be heard. It held that denial of hearing violated principles of natural justice ...

The new Income-tax Act, 2025 replaces the 1961 law and introduces structural changes such as a single “Tax Year.” Key updates include revised return deadlines, higher STT, and new rules for buybacks ...

Form MGT-8 is a certification issued by a practicing Company Secretary verifying the accuracy of a company’s annual return and compliance with the Companies Act, 2013. It ensures transparency, ...