The genesis of the dispute lies in the assessee’s failure to file a return of income despite significant cash deposits in his ...

The Delhi High Court has set aside a Goods and Service Tax (GST) demand order against M/s Jai Optical, observing that the GST ...

As per Explanation 2 to Section 37 (1) of the Income-tax Act, any expenditure incurred by an assessee on the activities relating to Corporate Social Responsibility (CSR) referred to in Section 135 of ...

Optimizing Family Wealth: A Tax Impact Analysis of HUF Structure ...

TDS concept: TDS stand for Tax Deducted at Source. It is an amount deducted by the payer at the time of payment such as salary, interest, professional fees, rent, commission, etc. The basis though is ...

Additionally, it underscores the importance of a strong dispute resolution mechanism in settling tax disputes and restoring taxpayer confidence in the GST ecosystem. By examining the structure, ...

It is to be noted that interest will be calculated on the amount of input tax credit which is wrongly availed and utilized. Meaning thereby, that interest is not payable on input tax credit which was ...

The case involved Jai Optical, a business formerly engaged in the trading of optical items. The proprietor stated that the business ceased operations in 2022, and its GST registration was subsequently ...

Assessing Responsibility of Independent Directors Review of V. Selvaraj v. Reserve Bank of India (2020) Overview A director is a person chosen or designated to ...

The principle of fiduciary duty has its basis in the theory of good faith. Between two individuals, one must safeguard the other’s interests, and if the former’s use of such a relationship generates ...

The case came before the High Court in a writ petition challenging the penalty order dated May 1, 2018, and the subsequent appellate order of March 15, 2019, which had upheld the penalty. The central ...

Ultimately, it was at Pakistan’s request that a ceasefire was accepted when their Director General of Military Operations (DGMO) contacted his Indian counterpart. To accept this request while ...