The framework introduces electronic assessments, appeals, and penalties without physical interaction. It enhances ...

The framework clarifies that advance tax becomes mandatory when estimated liability exceeds ₹10,000, with specific exemptions for certain taxpayers. It outlines computation, payment schedules, and ...

The framework clarifies that refunds can be claimed only through valid ITR filing and mandatory verification. It emphasizes ...

Income without satisfactory explanation is taxed at a special high rate under Section 115BBE. The provisions place strict ...

The CBDT framework explains standardized rules for income computation under ICDS. It ensures consistency in tax reporting and reduces disputes in applying accounting ...

The law permits non-resident directors to attend Board Meetings through video conferencing. Such participation is valid for quorum if procedural requirements are ...

The new regime offers a concessional 22% tax rate for domestic companies. However, key deductions and depreciation benefits ...

The Tribunal held that the higher 60% tax rate under Section 115BBE cannot apply to transactions prior to 01.04.2017. It directed application of 30%, reinforcing that amendments apply ...

The issue was whether a fresh registration application can be rejected due to prior denial. ITAT held that earlier rejection does not bar reconsideration if conditions are ...

CESTAT Delhi held that duty recovery under section 28AAA of the Customs Act justifiable since IT services fraudulently mis-declared as ‘Management Consulting Services’ to obtain benefits under Service ...

Courts held that bona fide buyers cannot lose ITC due to supplier non-payment of GST. The key takeaway is protection of genuine taxpayers with proper ...

The Committee recommends shifting from entity-level to project-wise insolvency to avoid delays and protect viable projects. It held that completion, not liquidation, should be the primary objective in ...