Insights & Resources

Rajasthan HC quashes GST SCN under Section 73, ruling it invalid post-Section 61 acceptance—reinforcing limits on tax jurisdiction.

Introduction The recent ruling in Solvay Asia Pacific Pte. Ltd. v. Deputy Commissioner of Income-tax. (IT), Circle-3(1)(2), International...

Explore the nuances of tax law as we dissect the DCIT v. Hitel Nitin Shah case, emphasizing justice and evidential precision.

ITAT Delhi rules in favor of BCP V Singapore, declaring AO's reassessment void due to no income escape and procedural lapses.

Jharkhand HC decision: Invalid reassessment without solid evidence cannot proceed, upholding principles of justice.

Introduction In the recent case of AEP Investments (Mauritius) Ltd. v. The ACIT Circle Int Tax 1(1)(1), Delhi [i] , the Income Tax...

Introduction The Central Board of Direct Taxes ( ‘CBDT' ) has released an explanatory circular [ i ] that outlines key amendments to the...

Explore the ITAT's decisive ruling on tax exemptions for penny stock gains. A critical look at legal complexities.

Supreme Court stresses timeliness in rejecting a delayed tax appeal, underscoring legal punctuality's importance.

Introduction In a landmark judgment, the Rajasthan High Court bench at Jaipur ( ‘the Court’ ) pronounced a pivotal decision in Bijendra...

Introduction The Supreme Court ( ‘SC’ ) in the case of Principal Commissioner of Income Tax v. Indusind Bank Ltd . [i] dismissed the...

Introduction The Calcutta High Court ( ‘the Court’ ) recently rendered a decision in the case of Diamond Beverages (P.) Ltd. v. Assistant...

Introduction Justice Ravindra Bhat of the Supreme Court has delivered a landmark judgment in AO Circle v. Nestle SA [ i ]  on the...

Introduction The recent notice dated 14.11.2023 provides a comprehensive summary of important aspects concerning the reversal of input...

Introduction The Income Tax Appellate Tribunal ( ‘ITAT' ), Delhi Bench, recently rendered a significant decision in the case of DCIT v....

In the case of Designers Point (India) P. Ltd. v. ACIT, New Delhi [i] , the Income Tax Appellate Tribunal – Delhi (‘ITAT’) allowed the...

Introduction It is a common practice for companies to borrow money, and/or raise a loan from banks and/or financial institutions during...

Introduction In the matter of M/s Adim Jati Seva Sahkari Samiti Maryadit v. The Income Tax Officer – 2, Korba [i] , the Income Tax...

ITAT rules on proper tax base for charities, stressing net income and registration impacts.

In the case of Siemens Financial Services Pvt. Ltd. v. DCIT, Mumbai and Ors. [i] , the Bombay High Court analyzed the arguments presented...