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Indian weddings, often a spectacle of opulence, are now under the scrutiny of the Income Tax Department due to concerns about unaccounted cash transactions. The IT Department is…
The Jharkhand High Court ruled that affidavits incorporating statements of truth are impermissible under Rule 15A of the Commercial Courts Act, 2015. In this case, the petitioner…
The GST Council has clarified that black pepper and raisins sold by farmers are exempt from GST. This decision follows queries regarding the taxability of these goods, which are…
Simplilearn, an online learning platform, reduced its losses by 56% in FY24, a positive development for the company. However, its revenue growth remained stagnant, which raised…
The Gujarat High Court granted bail to Mahesh Langa in a GST fraud case. Langa was accused of being involved in a large-scale Goods and Services Tax GST evasion scheme. The Court…
The ITAT ruled that revision proceedings under Section 263 are not maintainable after an assessment order is declared "non-est." In this case, the taxpayer’s assessment order had…
The ITAT directed the use of a District Valuation Officer’s DVO report for determining the fair market value FMV of a property in a case involving co-owners. The taxpayer had used…
The 55th GST Council has approved a concept note to simplify the registration process for small businesses. The proposal aims to make it easier for smaller businesses to comply…
The 55th GST Council meeting aimed to resolve ambiguities related to Input Tax Credit ITC late fee issues. The Council clarified these matters through new circulars, which…
The 55th GST Council meeting saw a key decision to increase the tax on the sale of old vehicles to 18%. This decision was taken after discussions on the economic impact of such…
The Maharashtra Legislative Council has passed the GST Amendment Bill 2024, introducing significant changes to the state's tax structure. The bill proposes several amendments to…
Property developers are facing confusion due to GST notices on unclaimed Input Tax Credit ITC worth Rs. 3500 crore. The notices have sparked debate about the applicability of ITC…
Indian weddings, often a spectacle of opulence, are now under the scrutiny of the Income Tax Department due to concerns about unaccounted cash transactions. The IT Department is…
The ITAT reduced a tax addition of Rs. 32 lakh in a case involving unexplained cash deposits due to an incorrect bank deposit amount. The taxpayer had deposited the sum in…
The ITAT reinstated a taxpayer's appeal, citing that the assessing officer did not provide proper notice or hearing. The taxpayer had contested the addition made by the tax…
The GST Council has proposed an amendment to Section 175D of the CGST Act 2017, which relates to the taxation of certain goods and services. The proposed amendment aims to address…
Finance Minister Nirmala Sitharaman confirmed that there would be no immediate decision on adjusting GST rates for food delivery services. Despite discussions at the 55th GST…
The 55th GST Council meeting failed to reach a decision regarding the imposition of a sin tax on tobacco, demerit, and luxury goods. While discussions were held on the topic, no…
The ITAT has quashed an order that penalized a taxpayer for using a deceased person's PAN for tax purposes. The tribunal noted that the tax officer had made an error in issuing a…
The GST Council has proposed the introduction of Rule 16A, which will allow for a Temporary Identification Number TIN to be assigned to unregistered persons. This provision is…
The ITAT has directed reassessment in a case involving reliance on stamp duty valuation for determining capital gains without a proper DVO District Valuation Officer report. The…
The Delhi High Court ruled that resignation during the pendency of an inquiry or investigation is generally not accepted. The court emphasized that an employee’s resignation while…
The Supreme Court ruled that no registration or stamp duty is required for a compromise decree acquiring property with pre-existing rights. The case involved a dispute regarding…
The Supreme Court ruled that a director who signed a cheque is not liable for dishonor if the company has not been added as an accused under Section 138 of the Negotiable…
The Supreme Court ruled that government institutions should not mirror gig economy trends by misusing temporary employment contracts. The ruling emphasized that government jobs…
The Supreme Court addressed the misuse of temporary employment contracts by government institutions, asserting that it is unfair for the government to engage temporary workers for…
The Supreme Court ruled on the issue of the Delhi-Noida flyway toll, stating that no entity should be allowed unjust enrichment at the cost of public suffering. The court…
The Supreme Court ruled that a wife’s financial independence is not a barrier to the grant of alimony if it is necessary to secure her dignity and social standing post-divorce.…
The Supreme Court ruled that in a suit for declaration of title, with further relief for possession, the limitation period of 12 years applies, not 3 years. The court’s decision…
The Supreme Court emphasized that a marriage built on mutual trust and companionship, when lacking, reduces the marital bond to mere legal formalities. The ruling came in the…
The Supreme Court ruled that under Section 20 of the Specific Relief Act, a defendant can raise the plea of hardship only if the hardship was unforeseeable at the time of the…
The Delhi High Court dismissed an appeal under Section 34 of the Arbitration Act, challenging an arbitral award. The court upheld the award, emphasizing that a memorandum of…
The Supreme Court ruled that the IBC moratorium does not extinguish claims. The court held that while the moratorium under the Insolvency and Bankruptcy Code prevents certain…
The NCLAT ruled that a non-impleadment of an owner party by a liquidator does not constitute malafide intent, and an application under Section 19 cannot be considered if ownership…
The Supreme Court ruled that a financial creditor can submit a claim under the Insolvency and Bankruptcy Code IBC even if there is no default of debt. The case addressed the issue…
The Kerala High Court ruled that a notice issued against a deceased person is invalid, and participation of the legal heirs in proceedings does not make it valid. The case…
The Delhi High Court ruled that hiring helicopters for government operations in Andaman and Nicobar is not subject to tax under the Central Sales Tax Act. The case involved a…
The Kerala High Court ruled that an order issued under Section 73 of the CGST Act is valid even if it carries a digital signature instead of a manual one. The case centered on the…
The Allahabad High Court ruled that assessment proceedings pending before the approval of a resolution plan in insolvency cannot be quantified. This case involved a dispute…
The Delhi State Commission ruled that the failure to hand over a commercial space to purchasers constituted a deficiency in service. The case involved a dispute where the seller…
The Telangana State Commission has held a tour agency liable for failing to provide satisfactory bus services to pilgrims. The complainants had booked bus services for a religious…
The Andhra Pradesh State Commission ruled that charging a convenience fee for booking online movie tickets is lawful. The case involved a dispute over the additional fee imposed…
The Ernakulam District Consumer Forum has held a dry cleaner liable for damaging churidars entrusted for cleaning. The case was brought before the forum after the complainant…
The Central Consumer Protection Authority CCPA has fined Shubhra Ranjan IAS Study ₹2 lakh for misleading claims regarding the UPSC CSE 2023 results. The authority found that the…
The Supreme Court ruled that the NBCC will lead the completion of Supertech’s stalled projects to secure the rights of homebuyers. The case involved a dispute over Supertech’s…
The GST Council has approved a recommendation on measures related to IGST settlement. The proposal focuses on improving the settlement mechanism for Integrated Goods and Services…
The GST Council has proposed an amendment to the CGST Act to insert a definition for "local fund" and "municipal fund." This proposed change aims to clarify the treatment of funds…
The GST Council has confirmed that recipients can claim Input Tax Credit ITC on Ex-Works contracts. This decision provides clarity on the tax treatment of such contracts under…
The GST Council has proposed an amendment in the category of registered persons for taxpayers opting for the composition levy Form CMP-02 . This amendment seeks to modify the…
The GST Council has proposed a GST exemption on third-party motor premiums collected for accident funds. This exemption aims to alleviate the tax burden on insurance providers and…
Indian weddings, often a spectacle of opulence, are now under the scrutiny of the Income Tax Department due to concerns about unaccounted cash transactions. The IT Department is…
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