Finance Ministry issues Fourth Amendment to CGST Rules 2025 introducing e-registration, new Rule 14A, and updated GST forms effective 1 November ...

Madras High Court ruled that correcting Aadhaar data is a fundamental right, directing UIDAI to ensure citizens can easily alter incorrect details and mandate decentralized update ...

SC held that liquidation of a company does not protect its director or personal guarantor from prosecution under Section 138 of Negotiable Instruments Act. Criminal liability remains independent of ...

Bombay High Court held that reassessment for AY 2016–17 was invalid as the sanction was not obtained from the competent authority mandated under Section 151(ii) of the Income-tax ...

The Court held that reassessment proceedings under Sections 148A and 148 were void as notices were not validly served and proper approval from PCCIT was not ...

Bombay High Court set aside reassessment proceedings for AY 2016–17 as the sanction was granted by an unauthorized officer, holding that approval must come from senior authorities under Section ...

The ITAT dismissed the Revenues appeal, ruling that restrictions on set-off of carried-forward losses under Section 79 apply ...

Lenskart's anticipated IPO is generating discussion over its high valuation (₹70,000 Crore post-issue). The company's ...

ITAT Hyderabad held that penalty under section 221(1) of the Income Tax Act duly leviable for non-payment of self-assessment ...

Chennai ITAT ruled a S. 271D penalty time-barred, holding that the six-month limitation period starts from the AO's recorded ...

Receiving a gift of money or property from a loved one can be a significant financial event. While the Income Tax Act aims to prevent the misuse of “gifts” for tax evasion, it provides a crucial and ...

The Delhi ITAT restored a reassessment appeal to the CIT(A) because evidence was rejected only for lack of a formal Rule 46A application. The Tribunal directed the CIT(A) to admit the additional ...