It is to be noted that interest will be calculated on the amount of input tax credit which is wrongly availed and utilized.

The case involved Jai Optical, a business formerly engaged in the trading of optical items. The proprietor stated that the business ceased operations in 2022, and its GST registration was subsequently ...

Ultimately, it was at Pakistan’s request that a ceasefire was accepted when their Director General of Military Operations (DGMO) contacted his Indian counterpart. To accept this request while ...

As per Explanation 2 to Section 37 (1) of the Income-tax Act, any expenditure incurred by an assessee on the activities ...

Additionally, it underscores the importance of a strong dispute resolution mechanism in settling tax disputes and restoring taxpayer confidence in the GST ecosystem. By examining the structure, ...

While Prisoners Have Right To Education, It Must Be Resorted To Remedies Available Under The Prison Rules: Kerala HC ...

TDS concept: TDS stand for Tax Deducted at Source. It is an amount deducted by the payer at the time of payment such as ...

The execution of the sale deed and handover of possession occurred on 30.12.2010, and stamp duty was paid on the same date. However, the registration of the deeds took place on 27.04.2011. The AO ...

ITAT Nagpur held that addition under section 69A of the Income Tax Act towards unexplained money not tenable in absence of ...

Uttarakhand High Court held that order is invalid since the same is passed invoking the provisions of rule 96 (10) of the ...

Bombay High Court held that applying principle of forum convenience, since orders/notices are issued by ITO in Kolkata and a substantial portion of cause of action has accrued at Kolkata, it would be ...

Patna High Court held that extended period of limitation of five years under proviso to Sub-Section (1) of Section 73 of the Finance Act, 1994 in as much as transactions were not disclosed in ST-3 and ...