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 ...

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 ...

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 ...

Delhi bench, a dispute between the Income Tax Department and the Basanti Devi trust regarding the taxability of funds received by the trust in Assessment Year 2002-03 has been settled in favor of the ...

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 ...

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 ...

Mumbai, has issued a ruling on the customs classification of a product described as ‘Timber Steel,’ a composite material used ...

The CAAR Mumbai examined the nature of the products and the manufacturing process described by the applicant. In evaluating ...

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