Reserve Bank of India (RBI) has issued guidelines aimed at mitigating financial frauds involving voice calls and SMS. The ...

To address such issues, Section 194R was brought in for deduction of TDS on benefits or perquisites valued above ₹20,000 provided in a year. This ensured both proper tax deduction and reporting of ...

NCLAT Delhi held that benefit of extension of limitation under section 19 of the Limitation Act entitled to the operational ...

Santosh S/o Domaji Bhandarkar, a proprietor of a business providing manpower and security services, approached the Bombay High Court challenging the rejection of his application under the Sabka ...

ITAT Ahmedabad held that provisions of Sick Industrial Companies Act [SICA] would override the provisions of Income Tax Act. Thus, set off of business loss granted on the basis of Board for Industrial ...

ITAT Delhi held that rejection of application for registration u/s. 12AB of the Income Tax Act by CIT (Exemptions) without considering replies and explanations furnished by the applicant is not ...

Supreme Court held that the reduction in share capital of the subsidiary company results into the transfer of capital asset as envisaged in section 2 (47) of the Income Tax Act. Accordingly, petition ...

Kerala High Court held that unless and until there is any such supply of goods/services, the question of demanding GST does not arise at all. Thus, respondent Corporation would not be entitled to ...

4.2 No coercive measures for the recovery of balance amount i.e., the amount in excess of 7.5% or 10% deposited in terms of Section 35F of Central Excise Act, 1944 or Section 129E of Customs Act, 1962 ...

6. At this stage Mrs. Roy Choudhury submits, by the rectification there was enhancement without giving opportunity of hearing ...

It was argued on behalf of petitioner that show cause notice was issued to grant opportunity of personal hearing, but less ...