Discover why the ITAT consistently overturns tax additions founded solely on bank entries and how proper enquiry and evidence are critical for ...

The IT Department’s “Nudge” alerts identify potentially ineligible refund claims, giving taxpayers a chance to correct errors voluntarily. Learn why these messages are sent and how to respond ...

Taxpayers receiving emails about undisclosed foreign assets must revise returns using Schedule FA, FSI, and TR in ITR-2/3. Learn the steps to ensure compliance and avoid ...

The regulator relaxed KMP eligibility, expanded experience criteria, and allowed flexible PPM extensions. The move aims to ...

Many companies face penalties for ignoring share valuation, late filings, and KYC lapses when receiving foreign investment. Learn how to avoid these critical compliance ...

The Tribunal ruled that section 220(2) interest cannot be charged where the original demand notice showed nil demand, holding that interest arises only after a valid section 156 ...

The Supreme Court upheld the Delhi High Court ruling that a single SCN covering multiple financial years is valid in cases of fraudulent ITC. The decision confirms that fraud investigations spanning ...

Supreme Court ruled that once a murder conviction is recorded, presumption of innocence comes to an end. Suspension of sentence in Section 302 cases can be granted only in rare and exceptional ...

The issue was whether CBDT monetary limits barred the revenue appeal. The Court held that organised tax evasion and accommodation entry cases are carved out exceptions, defeating the low tax effect ...

The issue was whether reassessment and appellate orders could stand when participation was ineffective and grounds remained undecided. The Tribunal ruled that justice required restoration of the case ...

The Tribunal ruled that the appellate authority erred by admitting new documents without a Rule 46A application or giving the Assessing Officer a chance to rebut ...

GSTAT revoked the staggered filing requirement after reassessing portal capacity. Appeals can now be filed freely without ...