Delhi High Court held that putting together a structure of plywood sheets cannot be construed as constructing a residential ...

Demand cannot be raised solely based on the oral statement of witness without any further evidence or corroboration ...

Delhi High Court held that passing of order without considering the contention of the assessee that entity that is ...

A gold loan is a secured financing option where individuals pledge their gold jewellery or ornaments as collateral to access ...

Summary: GSTR 9 and GSTR 9C are crucial components of GST compliance, consolidating annual business transactions and ...

ITAT Delhi held that addition under section 69 of the Income Tax Act on protective basis not justified since assessee established genuineness of transaction and creditworthiness of entity from which ...

ITAT Ahmedabad held that addition towards entire cash deposits during demonetization period by passing ex-parte order due to non-compliance by assessee without examining on merits unjustified.

ITAT Chennai held that CIT (A) rightly deleted the addition under section 69C of the Income Tax Act towards trade creditors since assessee clearly established the trade creditors payable was ...

Generally, Venture Debt Fund (‘Fund’) grants the funding by way of subscription of Secured, Non-Convertible Debentures (‘NCD’) issued by the Company. Once the term sheet and definitive agreement has ...

Summary: The recent amendment to Section 16 of the CGST Act introduces provisions for claiming Input Tax Credit (ITC) for taxpayers who faced demand due to non-compliance with Section 16 (4). Sections ...

The Ministry of Finance, through Notification No. 123/2024 dated November 28, 2024, exempts specific entities from the provisions of Section 194N of the Income Tax Act, 1961. This exemption applies to ...

The court referred to the Supreme Court’s judgment in CCE v. Hari Chand Shri Gopal (2011), which elaborated on the doctrine of substantial compliance. The doctrine allows for flexibility in cases ...