Subject: Mandatory Submission of Closure Report on expiry of FSSAI License/ Registration-reg.

As a result, the Registrar concluded that both the company and its directors were liable for penalties under Section 172 of ...

Despite challenges, MAT has stood the test of time — adapting to reforms, responding to investor concerns, and plugging loopholes. It’s now a key pillar of India’s corporate tax framework, ensuring ...

Introduction The intricate framework of Goods and Services Tax (GST) in India, while revolutionary in its approach to indirect taxation, presents significant ...

14. Mr Pardiwalla submitted that there was no independent application of mind by the AO, and this was an instance of the AO acting under dictation. He submitted that the AO incorrectly thought that he ...

The ITAT, in its decision, acknowledged the additional ground, citing the Supreme Court’s ruling in National Thermal Power Co. Limited -vs.- CIT (229 ITR 383 SC), which permits the agitation of new ...

ITAT Delhi held that disallowance of expenditure on adhoc basis without contrary material and without rejection of books of accounts not justifiable. Accordingly, disallowance made in the impugned ...

Calcutta High Court has dismissed an appeal filed by the revenue challenging an order from the Income Tax Appellate Tribunal (ITAT) which deleted an addition of Rs. 10,60,50,000/- made under Section ...

Hello, Income Tax return filing for FY 2024-25 has been started. We all are know that new regime is the default regime for FY 2024-25. If any assessee wants to file the ITR in old regime than he can ...

ITAT Hyderabad held that disallowance by invoking provisions of section 36 (1) (iii) of the Income Tax Act not sustained since the sum is not an advance/loan to sister concern, however, it is an ...

The AO, noting the lack of satisfactory documentary evidence from the assessee regarding the source of these deposits, concluded that the entire Rs. 10,80,000 was unexplained income. This amount was ...

A pivotal additional ground of appeal was raised by the assessee’s counsel: that the assessment order, dated December 19, 2019, was beyond the jurisdiction of the AO. The original limited scrutiny, ...