The ITAT dismissed the Revenues appeal, ruling that restrictions on set-off of carried-forward losses under Section 79 apply ...

Lenskart's anticipated IPO is generating discussion over its high valuation (₹70,000 Crore post-issue). The company's ...

ITAT Hyderabad held that penalty under section 221(1) of the Income Tax Act duly leviable for non-payment of self-assessment ...

Chennai ITAT ruled a S. 271D penalty time-barred, holding that the six-month limitation period starts from the AO's recorded ...

Authority held that consultancy services like planning and estimation qualify for GST exemption only when related to ...

ITAT Bangalore held that delay in filing appeals caused by major heart surgery and prolonged illness constituted a sufficient ...

GST portal's Invoice Management System (IMS) introduces Import of Goods section for BoE action. Manage imports and GSTIN ...

ITAT Mumbai deleted a Rs.34.65 crore addition under Section 68 for unsecured loans, ruling that requirement to prove source of source only applies from A.Y. 2013-14 onwards. Tribunal held that proving ...

Court held that authorities cannot block Input Tax Credit accrued after the date of action, directing restoration of ₹1.43 crore to the taxpayer while upholding blockage of earlier ...

I, confirming that the obligation to deduct tax on lease rent paid to NOIDA Authority applies prospectively from 16.02.2017. Following Supreme Court precedents, the Tribunal ruled the real estate firm ...

India's GST Council launches Fast Track Registration for SMEs, guaranteeing 3-day approval for low-risk entities. Features AI verification, simplified digital application, and instant GSTIN ...

Understand the tax implications of employer-provided gifts for GST and Income-tax. Learn about the Rs.50,000 GST limit, perquisite tax rules, and essential compliance steps for HR and ...