The Tribunal held that failure to provide opportunity to cross-examine foreign information sources amounted to violation of ...

The new framework mandates that proceedings under Section 74A must be initiated by officers formally designated through ...

Pursuant to High Court observations and fresh investigation, GSTAT held that the developer did not gain additional ITC benefit warranting price ...

The Tribunal held that where disallowance was accepted and taxes paid during revision under Section 263, penalty under Section 270A was not warranted. The appeal was allowed and penalty ...

The Tribunal held that Section 14A cannot be invoked when no exempt income is earned during the year. It deleted both the additional disallowance and the assessee’s own mistaken ...

ITAT held that goodwill arising from acquisition of a business as a going concern represents a bundle of commercial and business rights. Following Supreme Court precedent, depreciation under Section ...

CGST Delhi South arrested a director for allegedly availing ₹6.53 crore in fraudulent ITC based on bogus invoices worth ₹36.28 crore. Authorities found that the credit was claimed without actual ...

ESOPs are taxed twice—first as salary perquisite at exercise and later as capital gains on sale. Understanding valuation rules and holding periods is crucial for ...

SEBI has proposed shifting ETF base price determination from T-2 NAV to T-1 metrics to reduce pricing lag and operational risks. Public comments are invited on the revised ...

SEBI has initiated a multilingual AI-driven outreach to spread awareness about the SEBI Check Tool and validated UPI handles. The pilot aims to help investors verify payment details before ...

SEBI has proposed amendments to relax bank and demat account reporting norms for stock brokers, especially those that are banks or primary dealers. The move aims to harmonize requirements and enhance ...

Guwahati High Court held that the Summary of the Show Cause Notice in GST DRC-01 is not a substitute to the Show Cause Notice ...