The Reserve Bank of India (RBI) is progressing towards complete digitization of its internal regulatory approval workflows to improve efficiency, transparency, and service delivery timelines. The ...

The First Appellate Authority of the Insolvency and Bankruptcy Board of India (IBBI) addressed four RTI appeals filed by Ishrat Ali concerning the Central Public Information Officer’s (CPIO) responses ...

By opting for the scheme, the professional gets the following benefits: Income of the professional opting for the scheme will be computed on presumptive basis, i.e. @ 50% of the total gross receipts ...

ITAT Raipur held that time period of 7 days provided to the assessee company to revert back to show cause notice was unreasonably short, and thus, violative of principles of natural justice.

Bombay High Court held that Court cannot exercise its discretionary jurisdiction to restrain income tax officers from proceedings with assessment proceedings where huge unaccounted income in ...

This appeal has been filed by the assessee, challenging the order of the learned Commissioner of Income Tax (Appeals)-54, Mumbai (‘ld.CIT (A) for short), passed u/s.250 of the Income Tax Act, 1961 ...

The Ugar Sugar Works Kamgar & Dr. Shirgaokar Shaikashanik Trust Nokar Co-op Credit Society appealed against the Commissioner of Income Tax (Appeals)’s order, which upheld the Assessing Officer’s ...

Ultra Vires, and Void under Articles 246A, 366(12A), and 265 : The Kerala High Court, 11th Day of April 2025. The Kerala Hi ...

NCLT Mumbai held that the Advance received by the Corporate Debtor against future supply of goods is an Operational Debt.

The Constitution 101st Amendment defined goods and services tax as a “tax on supply of goods or services or both”, per Article 366 (12A). The plain meaning of “supply of goods or services” is supply ...

The GST Network (GSTN) has rolled out Phase-III reforms to Table-12 of GSTR-1 and GSTR-1A to streamline HSN-wise summary reporting and minimize errors and misclassification. These changes are ...

Taxation of Mutual Fund Gains Under India-Singapore DTAA: In a significant ruling, the Mumbai ITAT held that capital gains earned by a non-resident (Singapore tax resident) from the sale/redemption of ...