ITAT Chandigarh upheld CIT(A)’s order deleting AO’s additions on depreciation, excess stock, and gross profit, confirming machinery was in use and books were ...

The Tribunal held that the timing of loan disbursals and demonetization supported the assessee’s explanation. Key takeaway: partial relief granted by accepting most of the deposit as ...

The Gujarat High Court held that a notice issued under Section 148A(b) was procedurally flawed as it functioned as a Section 148A(a) inquiry. The notice, order under Section 148A(d), and subsequent ...

ITAT Chandigarh ruled that the CIT(A) is empowered to set aside and remand assessments made under Section 144 to the AO under Section 251(1)(a) of the Income Tax ...

The Tribunal found that hearing notices were sent to the wrong email address, resulting in an ex-parte order. The matter was remanded to the AO after directing the assessee to deposit ₹5,000 as ...

DGFT revises the Handbook of Procedures, merging ANF-1A into ANF-2A and enabling electronic verification of IEC application details to simplify the ...

Draft circular proposes that Zero Coupon Zero Principal bonds be excluded from Basic Services Demat Account eligibility to reflect realizable investment ...

Summary Guarantees—personal, corporate, and bank—play a crucial role in financial transactions, but under GST they attract ...

ITAT held that penalty under Section 271(1)(c) cannot survive when the underlying addition is remanded, directing the AO to re-decide the penalty after the quantum order is ...

Learn the critical protections available to borrowers facing recovery actions, including notice, appeal, and redemption rights, to safeguard property and financial ...

Discover how the NSWS portal centralizes all business approvals, licenses, and registrations, enabling faster, transparent, ...

A clear breakdown of how the four labour codes overhaul wages, social security and workplace rules, and what the reforms mean for employees and ...