The Tribunal held that once CPC allowed the 80JJAA deduction through a subsequent Section 154 order, the earlier rectification appeal no longer survived. The appeal was dismissed as academic, with a ...

Kindly old elf, or CIA spook?" So mused Calvin of Calvin and Hobbes about old Kris Kringle's power to know whether children ...

Madras High Court relegates the GST classification dispute on Harpic and Lizol to the Deputy Commissioner, noting factual disputes and the availability of statutory ...

The ITAT remanded a case where a charitable society’s 80G(5) registration was rejected because incidental sales were misclassified as business income. The Tribunal emphasized evaluating the society’s ...

Is there a new stimulus check 2025? When will we get Trump's $2000 tariff dividend payment? Here's an update on the status ...

The Tribunal directed AO to compute Section 14A disallowance only for investments generating exempt income, following Rule 8D. The decision reinforces the need for precise calculation of disallowances ...

Kerala High Court held that compounding under KVAT Act for that year cannot be cancelled in case suppression of turnover is detected with respect to dealer who have paid tax at compounding rate.

The Court confirmed that the Joint Commissioner could not rectify another authority’s order under Section 74, and the petitioner must use statutory appeal ...

High Courts have ruled that ITC cannot be denied to buyers with valid invoices even if the supplier’s GST registration is cancelled retrospectively. Maintain proper records to protect your ...

The Tribunal examined the validity of assessments initiated under Section 153C where the Assessing Officer recorded a single ...

ITAT Ahmedabad held that speculative intraday trades are genuine and not accommodation entries. Additions under Section 68 totaling ₹1.25 crore and ₹1.53 lakh were deleted due to lack of foundational ...

President Trump and his allies have called New York’s socialist mayor-elect Zohran Mamdani a Communist, a Marxist, a ...