The ITAT examined the facts, including the partner’s admission of unaccounted income during a survey conducted on February 19, 2018. The assessing body ultimately ruled that the undisclosed excess ...

After careful deliberation, the ITAT reviewed the evidence and arguments from both parties. The Tribunal emphasized the legal ownership of the guest house by Saurashtra Cement during the assessment ...

Zomato is a highly recognized and popular Indian restaurant aggregator, as well as a food delivery service, founded in the year 2008 by the entrepreneurial duo ...

CESTAT Bangalore held that export and re-import of Ferrai Motor Car between India and UAE under Carnet Scheme using a Carnet De Passage (CDP) issued by Western India Automobile Association ...

CESTAT Hyderabad held that imposition of penalty on allegation of foreign origin gold set aside as department failed to examine the documents nor have given any specific findings on the defence of the ...

ITAT Ahmedabad held that the addition under Section 69A of the Income Tax Act made without proper examination of the books of account and relevant financial records unjustified. Accordingly, order set ...

Jurisdictional Limitations: The Tribunal reiterated that the PCIT cannot expand the scope of assessment beyond the reasons recorded by the AO during the reassessment process. Thus, any claims ...

The main point of IPR is granting monopoly rights to creators and innovators through which they can have the benefits of their inventions without worrying about immediate replication by other people ...

All pending applications associated with the case have been disposed of with this order. Till such time, the review petition is not disposed of by the High Court, the impugned judgment shall not be ...

Starting FY 2023-24, GST system will auto-populate eligible ITC for domestic supplies (excluding reverse charge and imports ITC) from table 3 (I) of GSTR-2B to table 8A of GSTR-9. These changes in ...

The Securities and Exchange Board of India (SEBI) has revised position limits for Trading Members (TMs) in the equity derivatives segment. The new limits for index futures and options contracts are ...

Kerala High Court held that the “interest income” on the short-term deposits of the funds infused by the Government are in the nature of “capital receipt” and not “revenue receipt” and hence the same ...