ITAT Ahmedabad held that addition invoking provisions of section 50C (2) of the Income Tax Act without referring the valuation of the capital asset to the valuation officer is not justifiable.

TIS is a summary version of the AIS. So, if your AIS and TIS show something you didn’t include in your ITR, it could trigger a notice. Here’s the thing — many taxpayers don’t even check their AIS and ...

The GST framework for hotel accommodation and restaurant services has been revised, effective April 1, 2025, as per Notification No. 05/2025 – Central Tax ...

Explanation: The traffic-in-transit route via rail through Raxaul would be as per Treaty of Transit between India and Nepal ...

One of the top trading mistakes to avoid is treating margin trades like long-term investments. They’re not. Let’s be real, ...

Immovable Property: If any immovable property is received without consideration and the stamp duty value (‘SDV’) exceeds ...

Premiums paid for critical illness, surgical care, or similar covers are eligible for deductions up to ₹25000 under Section ...

The ‘on money’ gets surfaced during search and surveys in the form of loose sheets, chits, diaries, whatsapp chats, ...

Karnataka High Court held that reassessment order under section 148 of the Income Tax Act is bad-in-law since passed without following mandatory procedure of disposal of objections. Accordingly, order ...

Madras High Court held that writ against order confirming demand towards difference between Input Tax Credit (ITC) availed in GSTR -3B and ITC available as per GSTR – 2A dismissed due to availability ...

In consultation with the Chief Justice of the High Court of Chhattisgarh, the Central Government has revised the designation of the Special Court handling PMLA cases for the State of Chhattisgarh. The ...

In a very bold initiative, we see that the Lucknow Bench of Allahabad High Court in a most learned, laudable, landmark, logical and latest judgment titled M/S Rajdhani Inter State Transport Co. New ...