The notification substitutes tariff value tables but keeps rates unchanged for key imports like edible oils, metals, and ...

This clarifies the eligibility for direct conversion into an LLP. The takeaway is that compliance with the LLP Act and Rules ...

ITAT held that Section 68 cannot be invoked where donors are identified with names, PAN, ITRs, and confirmations. Such donations cannot be treated as unexplained cash credits or anonymous ...

The Court held that a final GST adjudication order passed within three months of the show cause notice violates Section 73 of the CGST Act. Orders issued without granting the statutory minimum ...

CESTAT held that local transportation of goods, even with incidental loading, cannot be taxed as cargo handling when ...

The Tribunal ruled that additions based only on presumptions and low income of subscribers are invalid. Proper documentary evidence outweighs non-appearance under ...

A slight increase in post-GST ITC was held to amount to profiteering when not passed on. The tribunal directed refund of the ...

The Tribunal ruled that payments made directly to truck drivers, and not transporters, fall outside Section 40A(3) limits when within the statutory threshold. Additions based on incorrect assumptions ...

The ruling clarifies that capital reduction involving foreign shareholders is treated as a transfer. FEMA compliance and tax ...

Section 194T introduces a flat 10% TDS on partner remuneration and interest, sharply reducing monthly liquidity for small firms. The key takeaway is that blocked refunds and borrowing costs may ...

ITAT held that share capital additions cannot rest on an inspector’s report not shared with the assessee. Matter remanded for fresh examination in line with natural ...

Explains how non-obstante clauses give priority to special tax provisions over general rules. Clarifies that the override ...