AO should not have resorted to section 143(1) (a) and instead could have resorted to section 143 (3): Chhathisgarh HC The ...

Delhi High Court dismisses a petition by a Chartered Accountant and a trader to quash a GST show-cause notice, citing serious ...

A BPCL vendor successfully challenges GST detention for MPD machines in transit. The court found no tax evasion as e-way bill ...

Calcutta High Court rules GSTR-1 and GSTR-3B discrepancies don't allow direct tax recovery under Section 75(12) of the CGST ...

Indian tax residents must report foreign assets and income in their ITRs, regardless of value. Non-disclosure can lead to ...

Bangalore ITAT mandates 80G approval for Academy of General Education, clarifying CIT(E)'s scope is limited to verifying ...

ITAT Bangalore overturns CIT (Exemptions)'s rejection, granting City Hospital Charitable Trust 80G approval. The tribunal ...

MHA introduces new FCRA validity limits for foreign contributions: 3 years for receipt, 4 years for utilization. Existing ...

ITAT Pune held that penalty under section 271AA of the Income Tax Act is not imposable in view of section 273B of the Act since there was a reasonable cause for not reporting the said transaction in ...

RBI's new circular caps penalties for specific FEMA violations at ₹2 lakh, streamlining compliance and easing burdens for businesses and ...

A Nominee Director holds a unique position on a company’s Board of Directors. They are individuals appointed to the board by specific entities such as ...

RBI sets 25 August 2025 as deadline to regularize past overseas investment delays under LSF. Post-deadline, compounding becomes ...