The case examined rejection of books under Section 145(3) and estimation of profits in a cold storage business. While rejection was upheld, arbitrary enhancement of rates and quantities was struck ...

The dispute centered on a statutory obligation to maintain books of account. The tribunal confirmed that non-compliance ...

The issue was whether reassessment survives when no addition is made on the reasons recorded for reopening. The Tribunal held ...

The case addressed overlapping taxation of seized cash and disclosed unaccounted profits. The final ruling emphasized substance over form and deleted the addition by extending telescoping benefits to ...

The appellate authority held that underground natural gas pipelines are immovable property. ITC on goods and works contract ...

The filing timeline for Annual RoDTEP Returns has been extended to 31 March 2026. Exporters must pay a ₹15,000 composition fee to avail the extended window and retain ...

Finished umbrella imports are now restricted unless the CIF value is ₹100 or above per piece. Export-linked units such as EOUs and SEZs remain exempt from the MIP ...

The regulator proposes lowering the Z-Score used in historical stress testing from 10 to 5 for commodity derivatives. The move aims to balance robust risk management with realistic market scenarios ...

A tax bar body has sought reduction of GSTAT appeal and application fees, citing affordability concerns. The key takeaway is ...

SEBI has suggested allowing AIFs to retain funds beyond scheme tenure where liquidation is delayed by litigation or tax demands. The proposal aims to reduce compliance burden while ensuring investor ...

SEBI has mandated additional safeguards in the depository pledge framework. The new rules ensure reasonable notice to pledgers and greater transparency during pledge ...

The regulator has standardized margin treatment by denying expiry-day calendar spread benefits for single stocks. This provides time for clients to arrange margins or close ...