Uttarakhand High Court set aside a GST order after authorities ignored a valid adjournment request despite being informed ...

The Tribunal upheld revision where the Assessing Officer failed to examine an exempt LTCG claim linked to penny stock manipulation. The ruling affirms that lack of inquiry makes an order erroneous and ...

Calcutta High Court held that income tax returns filed during victim’s lifetime must be relied upon for assessing income. Compensation was enhanced after rejecting an arbitrary income assessment by ...

The tribunal held that foreign exchange fluctuation loss was deductible as it was recorded under a consistent mercantile accounting system and in line with applicable accounting standards. The ruling ...

The Tribunal set aside cancellation of charitable registration after finding lack of proper opportunity and consideration of submissions. Fresh adjudication was directed in line with natural ...

CESTAT Kolkata held that once proceedings are initiated under the Customs Broker Licensing Regulations, separate penalty proceedings under the Customs Act are not permissible without independent ...

The issue was whether certain objects benefiting members disqualified charitable registration. The Tribunal ruled that dominant charitable objects like education and aid to poor students justified ...

CESTAT held that once goods are confiscated and redeemed, they cannot be confiscated again. The ruling nullified confiscation and penalties imposed on a subsequent ...

The article explains how incorrect ESOP valuation can trigger tax disputes, penalties, and audit issues, highlighting the importance of accurate FMV ...

The enforcement of the Labour Codes aims to simplify labour regulation, but the article highlights risks of diluted worker protections and constitutional ...

The Tribunal held that enhancement of import value without properly rejecting transaction value and following sequential valuation methods is legally ...

NFRA requires statutory auditors to assemble, archive, and submit audit files promptly, ensuring audit documentation is authentic, complete, and retrievable under professional ...