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 ...

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 ...

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.

Introduction to composition scheme under GST. Section 10 of the CGST Act, 2017 deals with the Composition Scheme that is a concept for concessional taxation which is provided for ...

ITAT Ahmedabad held that addition under section 69A of the Income Tax Act not sustained since three key ingredients i.e. identity, genuineness and creditworthiness of parties being proved. Accordingly ...

The Committee constituted for the Framework on Repairability Index (RI) in Mobile and Electronic Sector has submitted its ...