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 ...

With insolvency cases taking up to 853 days against the 330-day mandate, concerns over NCLT backlog have intensified. A new bench at Patna is proposed to reduce pendency and improve time-bound ...