The Tribunal clarified that expenditure disallowances do not qualify as assets under section 149(1). Without asset-based escaped...
Blog
Judicial rulings clarify that Section 54 focuses on timely investment of capital gains, not rigid legal ownership...
The Tribunal held that interest from bank fixed deposits lacked a direct nexus with credit facilities. Deduction...
The Tribunal held that reopening based solely on third-party information without independent application of mind is invalid....
The Tribunal held that no commission income can arise from circular transactions within group entities. Additions based...
The High Court held that Notifications extending GST limitation were vitiated and illegal. As a result, the...
Authorities detected large-scale ITC fraud involving invoices without actual supply of goods. The arrests signal strict enforcement...
High Courts are declining to entertain GST writs now that GSTAT is operational. Taxpayers must pursue statutory...
The High Court held that challenges to GST assessment orders must be pursued through statutory appeals. Failure...
The High Court restrained coercive GST recovery as the show cause notice spanned six years in one...