CESTAT Chandigarh held that interest on refund not eligible if the assessment is finalized within three months as prescribed ...

Goods not liable for seizure and penalty thereof when designated route not taken during transportation ...

Summary: The Standard on Auditing (SA) 610 provides guidance on the statutory auditor’s use of the internal audit function’s work in the audit process. Given the constraints of time and resources in ...

ITAT Hyderabad condoned delay of nearly a decade in filing of an appeal since tax liability was fastened on the assessee ...

CESTAT Chennai held that denial of refund claim related to cenvat credit of service tax under RCM by invoking provisions of ...

ITAT Bangalore held that disallowance under section 36 (1) (iii) of the Income Tax Act unwarranted as no new advance extended to sister concern. Accordingly, disallowance u/s. 36 (1) (iii) deleted.

ITAT Ahmedabad held that Rule 2BBB of the Income Tax Rules, 1962 was introduced only from AY 2015-16 and the same is not applicable for AY 2014-15. Thus denial of exemption u/s. 10 (23C) (iiiab) of ...

Bombay High Court held that non-filing of return of income within prescribed time due to genuine and valid reasons should be condoned. Accordingly, delay in filing of return of income condoned.

The Assessing Officer (AO), relying heavily on an investigation report from the Directorate of Income Tax (DIT), Kolkata, alleged that the transactions were sham and aimed at converting unaccounted ...

Union of India & Others, the Madhya Pradesh High Court addressed a dispute concerning discrepancies in GST turnover for the ...

Conclusion: Receipts for property tax assessment did not necessarily indicate ownership rights to the property. Moreover, ...

The court highlighted that the SCN and subsequent order did not meet the requisite standards of clarity and specificity ...