The Budget introduces key GST reforms covering post-supply discounts, refunds, intermediary services, and advance ruling ...
A practical guide to ensuring Bill of Entry data flows correctly from ICEGATE to GSTR-2B. Proper verification prevents ITC ...
IRS Publication 523 allows taxpayers to exclude up to 500,000 of gain if ownership and residence tests are met. The article ...
The Tribunal held that failure to provide opportunity to cross-examine foreign information sources amounted to violation of ...
The new framework mandates that proceedings under Section 74A must be initiated by officers formally designated through ...
Pursuant to High Court observations and fresh investigation, GSTAT held that the developer did not gain additional ITC benefit warranting price ...
The Tribunal held that reopening based solely on investigation wing information without independent application of mind is invalid. Mechanical reasons cannot justify reassessment under Section ...
The ITAT reaffirmed that Section 2(22)(e) cannot extend the definition of shareholder to a concern receiving the loan. The deemed dividend, if attracted, must be taxed in the hands of the substantial ...
The Tribunal found that the investors had substantial net worth far exceeding their investments. With PAN, ITRs, bank statements, and audited financials on record, the share capital could not be ...
The Tribunal confirmed that once identity, source, and movement of funds are established through records, treating the investment as unexplained is unjustified. Revenues appeal was ...
Authorities now scrutinize NGO financial statements before granting or renewing registration. Proper documentation and clear charitable application of surplus are ...
The ITAT held that fresh allotment of shares at a value below fair market value attracts Section 56(2)(viia). The term receives includes allotment, and the differential amount was rightly taxed as ...
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