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Jul 11, 20243 min read
Gujarat High Court Quashes Reassessment Proceedings as Assessee Justifies the Existence of Two PANs
Gujarat HC rules against reassessment based on two PANs, affirming the assessee's valid explanation.
Jul 10, 20243 min read
Judicial Interpretation of Procedural Fairness in GST Appeals: Touchwin Complex (P.) Ltd. v. Assistant Commissioner of Revenue
Calcutta High Court stresses fair hearing rights and judicial discretion in GST appeal delays.
Jul 9, 202411 min read
Navigating Transfer Pricing Compliances: Methods and Frameworks Under Indian Tax Law
Explore the strategic compliance essentials in Indian TP laws for optimal global tax management.
Jul 8, 20243 min read
[ITAT] Judicial Reinforcement of Procedural Compliance and Deduction Standards in Tax Reassessment
Analysis of a key ruling on tax reassessment, highlighting AO's responsibilities and taxpayer rights in procedural compliance.
Jul 7, 202410 min read
Tax Evasion, Avoidance and Planning: Evolution of Jurisprudence
Explore how tax strategies differ legally and ethically in our new analysis. Dive into the nuanced world of tax planning and its implication
Jul 6, 20248 min read
Zero-Rating in GST: A Comparative Analysis of Exports and Imports Under the IGST Act, 2017
Explore the strategic differences and benefits of zero-rating for exports under the IGST Act, enhancing India's global trade.
Jul 3, 20242 min read
GST Policy Wing Clarifies ITC Eligibility Under S. 16(4) of the CGST Act for RCM Supplies
GST Policy Wing clarifies ITC claim rules under RCM, aiming to reduce confusion and prevent litigation.
Jul 3, 20244 min read
Bombay HC Quashes Reassessment: No Taxable Event or Notional Profit Without Sale of Shares
BHC rules no capital gains tax without actual share sale, reinforcing that notional gains aren't taxable events.
Jul 3, 20243 min read
ITAT Rules on the Retrospective Applicability of S. 40(a)(i) of the Income-tax Act, 1961 Amidst Conflicting High Court Judgments
ITAT rules on non-resident payments and TDS disallowance, applying a taxpayer-friendly approach amid conflicting High Court decisions.
Jul 3, 20242 min read
CBIC Clarifies GST Applicability on Loans Between Related Entities
CBIC’s new circular exempts GST on loans made only with interest or discount, streamlining compliance.
Jul 3, 20242 min read
Clarification on Place of Supply Provisions for Unregistered Persons under IGST Act, 2017
Explore CBIC's latest guidelines on IGST for unregistered persons, ensuring clear tax compliance across varied transaction scenarios.
Jul 3, 20242 min read
CBIC Clarifies Valuation of Imported Services by Related Persons under GST
New GST guidance ensures fair pricing for services, easing compliance and enhancing transparency.
Jul 3, 20243 min read
Expenditure Related to Discontinued Business Not Allowable as Business Expenditure: ITAT, Bengaluru
ITAT rules out deductions for costs tied to defunct ventures, ensuring strict adherence to tax norms
Jul 2, 20243 min read
Clarification on the Taxability of ESOPs, ESPPs and RSUs Issued by Overseas Holding Companies
New CBIC circular exempts GST on ESOPs, ESPPs, and RSUs from overseas firms, unless marked up.
Jul 1, 20243 min read
Ensuring Compliance with S. 15(3)(b)(ii) of the CGST Act: CBIC Issues Clarifications for ITC Reversal Verification
CBIC clarifies ITC reversal on discounts, enhancing GST compliance and reducing disputes.
Jul 1, 20243 min read
CBIC Clarifies Time of Supply for NHAI’s Hybrid Annuity Model Projects
CBIC’s new guidelines simplify tax for NHAI projects, ensuring clear, consistent treatment of HAM contracts.
Jun 27, 202410 min read
Challenges in Implementing Faceless Assessment Under the Income-Tax Act, 1961
Explore the nuanced hurdles of the FA scheme—unveiling the clash with natural justice and the quest for improved taxpayer interaction.
Jun 24, 20244 min read
ITAT Upholds High Sea Sales Transactions as Non-Speculative: Confirms Business Loss Set-off Against Interest Income
ITAT rules high sea sales as non-speculative, affirming business loss offsets against interest.
Jun 23, 20243 min read
Madras High Court Denies Jurisdiction Under A. 226 Due to Non-Compliance with S. 65B of the Indian Evidence Act
Madras High Court rules on digital evidence mismanagement, directing appeal for procedural lapses.
Jun 22, 20243 min read
ITAT Rules Out Additions to Completed Assessment Years in the Absence of Incriminating Evidence
ITAT confirms no tax additions without incriminating evidence, even for statements recorded under s.132(4).