ITAT accepted the documented flow of money from parental gifts through bank accounts, cash withdrawals and subsequent ...

CA certificate on GST ITC utilisation must be considered before passing the order especially if there is any discrepancy ...

NCLAT upheld contributions after finding loan funds were round-tripped through overvalued properties to related entities.

The dispute concerned payments made by Ranbaxy India to Teva Israel under US pharmaceutical settlement with the Court holding that the payment could not be taxed in India only because the payer ...

Madras HC held NBFC responsible as branch-level mismanagement could not leave defrauded customers bearing employees’ misdeeds.

ITAT found that an unclear diary entry containing the figure “140” could not prove an undisclosed Rs 1.40 crore cash payment ...

Ministry of Finance removed arrest and detention provisions and also extended the deadline for Rules 246(4) and 256(4) ...

CA -certified valuation report is valid for claiming ESOP deductions for AY 2018-19, since the CBDT's withdrawal of CA ...

RCS’s unreasoned winding-up order, passed without complying with statutory requirements or affording fair hearing, was ...

Section 17(5)(d) of CGST Act cannot be invoked to block ITC where transaction does not constitute a taxable supply ...

The Ministry of Finance, Department of Revenue has removed the Road and Infrastructure Cess (RIC) on exports of diesel. The ...

ITAT deleted a Rs 4.53 lakh addition because no actual business expense had been claimed while income was offered on a presumptive basis under Section 44AD.