While expressing its fuming anger at the most horrific incident which demonstrated complete naked gross misuse of power which shook the entire nation, the Punjab and Haryana High Court at Chandigarh ...

ITC availed on inputs used in the manufacture of finished goods that subsequently got destroyed, must be reversed: Telangana ...

ITAT Ahmedabad held that addition invoking provisions of section 50C (2) of the Income Tax Act without referring the valuation of the capital asset to the valuation officer is not justifiable.

Up-down in the financial market is a very common thing. I am using the word common, due to a reason that those who enter into the financial market are very well aware of this fact. If all the players ...

The GST framework for hotel accommodation and restaurant services has been revised, effective April 1, 2025, as per Notification No. 05/2025 – Central Tax ...

TIS is a summary version of the AIS. So, if your AIS and TIS show something you didn’t include in your ITR, it could trigger a notice. Here’s the thing — many taxpayers don’t even check their AIS and ...

Aggrieved by the AO’s order, the society appealed to the NFAC, which dismissed the appeal in limine for non-prosecution. This led the cooperative society to file an appeal before the Income Tax ...