Following Budget 2024, the long-term capital gains on domestic and foreign equity funds/ETFs/FOFs were to be taxed at 12.5%.

Jharkhand High Court ruled that tax authorities must follow the due process before passing adjudication orders under the ...

ITAT Nagpur held that rejecting application for registration u/s. 10 (23C) of the Income Tax Act for the acts which have not ...

The CESTAT also held that the burden is on the Department to establish the classification of goods as HSD, which conforms to ...

2. This appeal under Section 260-A of the Income Tax Act, 1961 has been filed being aggrieved by order dated 23.08.2024 passed by the Income Tax Appellate Tribunal, Indore Bench, Indore in ITA ...

Allahabad High Court ruled in favor of Osr Creation, overturning the penalty imposed by state tax authorities for alleged non-compliance with e-way bill regulations. The case arose when Osr Creation ...

Delhi High Court ruled that a discrepancy between the numerical and written amounts on a cheque does not automatically render it invalid and must be examined during trial. In the case of Nitesh Yadav ...

The Delhi High Court relied on the Grindlays Bank Plc v. CIT precedent, which establishes that reassessment must be based on properly communicated material. Since Vivo was not informed about the claim ...

Madras High Court held that income from sale of shares is to be treated as business income since money was borrowed and invested in shares only for the purpose of trading in shares. Accordingly, ...

8. Reading Rule 3 (i) and Rule 4 (1) together, it is clear that a mandate has been cast on the authorities to accept the price actually paid or payable for the goods in respect of the goods under ...

Madras High Court held that service of GST notice only through GST portal is not service of notice in compliance with Section 169 of TNGST. Hence, assessment order passed thereon is liable to be ...

ITAT Delhi held that re-assessment notice issued under section 148 of the Income Tax Act and sent to unrelated e-mail address is regarded as never served to assessee and hence re-assessment order ...