The case involved Tapas Kumar Das, the assessee, whose income tax return for AY 2017-18 was selected for scrutiny under the ...

A practicing Chartered Accountant shall not accept, in a financial year, more than “60” tax audit assignments under Section ...

Conclusion: Whenever, the GST has been paid by using Form GST PMT-06, the tax liability will be discharged to that extent.

Chhattisgarh High Court on Summary Assessment of Debatable Tax Issues; Tax Disallowance on Debatable PF/ESI Deposits Set ...

This clear pronouncement from the Delhi High Court, classifying donations received towards the corpus of the trust as ‘capital receipts’ rather than ‘revenue receipts chargeable to tax’, became the ...

In a significant ruling for charitable and religious institutions, the Income Tax Appellate Tribunal (ITAT) Visakhapatnam bench has dismissed appeals filed by the Income Tax Department, affirming that ...

The Supreme Court of India has declined to interfere with a Bombay High Court decision in the case of Nusli N. Wadia against the Assistant Commissioner of Income Tax (ACIT), related to a notice issued ...

Reassessment proceedings initiated under section 148 for Assessment Year 2013-14 was not valid as the initiation of reassessment proceedings was barred by limitation and assessee’s income chargeable ...

The case arose after the Assessing Officer (AO) denied the trust’s claim for exemption under Section 11 for the aforementioned assessment years. The primary reason for the denial was the absence of ...

ITAT Delhi held that incentives in the form of excise duty refund, sales tax remission, sales/ VAT input tax refund received ...

The Ministry of Corporate Affairs (MCA) issued a notification on May 7, 2025, enacting the Companies (Indian Accounting ...

ITAT Rajkot held that the reassessment notice under section 148 of the Income Tax Act has been issued without obtaining the ...