High Court set aside a preventive detention order under the Public Safety Act after finding that the District Magistrate ...

The Tribunal ruled that denying the entire construction cost while computing capital gains is unjustified. The Assessing Officer must verify the valuation report and determine a reasonable cost of ...

The Tribunal ruled that cash deposits routed through a partners personal bank account were explained as firms business receipts. Without evidence of undisclosed sources, Section 69A addition cannot be ...

The court ruled that submitting revised returns showing higher income after a search does not wipe out earlier concealment. Criminal proceedings for wilful tax evasion and false statements remain ...

Market fluctuations often create uncertainty for investors. Using a mutual fund calculator provides perspective by focusing on long-term projections instead of short-term market ...

The Tribunal held that renting a building for operating a hotel falls within the statutory exclusion under Section 65(105)(zzzz) of the Finance Act, 1994. Therefore, the service tax demand on the ...

The proposed regulations prescribe timelines, subscription periods, allotment procedures, and monitoring of issue proceeds ...

The AAR held that the ITC restriction under Notification 08/2018 applies only to the used motor vehicles themselves. Dealers can claim ITC on refurbishment, marketing, rent, and other business ...

The Karnataka AAR held that corpus funds collected by apartment associations are advances for future services and therefore ...

The Court held that a single show cause notice under Section 74 of the CGST Act cannot cover multiple financial years. Such ...

Section 74A replaces the earlier Sections 73 and 74, creating a unified framework for tax recovery in cases of short payment, erroneous refunds, and wrongful ITC. The provision simplifies GST ...

The Authority ruled that solid waste management services provided to a Gram Panchayat qualify as exempt “pure services” under Notification 12/2017 as they relate to sanitation functions under Article ...