These receipts, totaling over ₹28.63 crore, included payments for marketing contributions, Priority Club memberships, reservation services, and Holidex fees, relating to centralized services provided ...

The counsel for the petitioner relied on Rule 86A (3) of the CGST Rules, 2017, which explicitly states that such restrictions on the use of the amount available in the electronic credit ledger “shall ...

ITAT Ahmedabad held that section 275 (1A) of the Act empowers AO to impose or enhance or reduce or cancel penalty pursuant to the quantum appeal before higher appellate authority or court by giving ...

The Supreme Court reaffirmed the limits of the High Court’s supervisory jurisdiction under Article 227, holding that it ...

This is supported by private consumption in rural areas and takes into account recent tariff impact. World Bank has also ...

Businesses registered under GST can claim ITC on goods and services used for business: Ensure timely filing of GST returns ...

Presently AS 4 deals only with Events occurring after the Balance Sheet date. Even though the Standard’s name starts with contingencies, all the paragraphs related to ‘contingencies’ have been ...

The Delhi High Court has set aside a notice issued by the Assistant Commissioner of Income Tax (ACIT) seeking to re-open the tax assessment of Allied Strips Limited for the Assessment Year 2007-08.

Consequently, the High Court concluded that the re-opening notice was based on a mere change of opinion and was, therefore, without jurisdiction. The impugned notice dated March 27, 2019, was ...

Krishna (Fictional Character): Arjuna, just as the seasons change, the rules for income tax filing change as well. The ...

ITAT Ahmedabad held that claim of assessee that income declared under Pradhan Mantri Garib Kalyan Yojana [PMGKY] and hence the same should not be treated as unexplained deposits needs verification.

CESTAT: Pre-IBC Tax Dues Extinguished Post-NCLT Plan; CESTAT Chennai: Government Barred from Pursuing Pre-IBC Dues After Resolution Plan Approval; Tax Appeals Abate as CESTAT Cites Supreme Court ...