The issue was whether a seized loose paper alone can justify an on-money addition under section 69. ITAT held that without independent corroboration, such addition cannot be ...

The wage definition under the new code is inclusive and anti-avoidance. Many allowances earlier excluded now count as wages, widening ESIC ...

The Supreme Court held that the mandatory GST appeal pre-deposit need not be paid only in cash. Valid input tax credit in the Electronic Credit Ledger can be used, easing cash-flow pressure on ...

The court held that ITC reversal under Section 29(5) depends on a valid cancellation. Once registration is restored, the ITC ...

The court held that ITC cannot be denied to a genuine purchaser merely because the supplier failed to pay GST. Bona fide transactions without fraud or collusion must not attract reversal of ...

The Bill proposes reducing net worth, turnover, and profit limits for mandatory CSR. This would bring a larger number of ...

SEZ clearances to the DTA attract customs duty on full value, including domestic addition. The takeaway is SEZs are disadvantaged versus EOUs and MOOWR ...

A surge in Section 143(2) notices was triggered by the June 2025 limitation deadline. This explains why cases were picked and how to respond ...

The tribunal held that dismissal for non-prosecution was invalid where notices were not served on the email ID specified in ...

The Tribunal held that when the Assessing Officer disagrees with FMV supported by a registered valuer, a reference to the DVO ...

The Tribunal ruled that VAT collected but not credited to the profit and loss account cannot be treated as taxable income. Once substantially paid to the government, such liability cannot be added ...

The Tribunal found that estimating agricultural income solely on standard yield figures ignores real-world farming variables. The assessment was partly modified by limiting the addition to ...