The article explains how multinational digital companies generate substantial revenue from Indian users while shifting ...

The Income Tax Department’s new TDS payment system under the Income Tax Act 2025 allows multiple TDS payments through a ...

ITAT observed that Assessing Officer had treated jewellery sale proceeds as unexplained mainly because no wealth tax returns were filed. Tribunal restored the matter for fresh examination in light of ...

CESTAT Mumbai set aside anti-dumping duty demands after finding that WhatsApp chats, emails, and statements relied upon by ...

The Mumbai ITAT held that the Assessing Officer cannot impose the maximum 90% penalty under Section 271AAB without recording extraordinary reasons. In absence of special circumstances, the penalty was ...

CESTAT Chennai held that lower authorities failed to comprehensively verify courier invoices, consignment notes and tax ...

SEBI has proposed the GARUDA mechanism to reduce AIF scheme launch timelines from 30 days to 10 working days. The proposal ...

The Mumbai ITAT held that exemption under Section 54F has to be given effect before applying set-off provisions under Section 70(3). The assessee was allowed to carry forward long-term capital loss ...

CESTAT Hyderabad ruled that pharmaceutical conversion work carried out under a job work agreement amounted to manufacture and not renting of immovable property. The Tribunal held that such activity ...

The Mumbai ITAT held that expenditure on software licences, maintenance, database access and periodic upgrades is allowable as revenue expenditure. The Tribunal ruled that mere use of software does ...

CESTAT Chandigarh held that statements relied upon against assessees cannot be used without following the mandatory procedure under Section 9D of the Central Excise Act. The matters were remanded ...

The GSTAT held that customer emails denying receipt of ITC benefit could not outweigh books of accounts, ledgers, and credit notes showing price adjustments. The Tribunal recognised adjustment of dues ...