Section 71(6) of the Companies Act, 2013, read with Rule 18(3)(e) of the Companies (Share Capital and Debentures) Rules, 2014, mandates that the Debenture Trustee shall appoint a nominee director in ...

In Rajeshkumar Shah vs DCIT, ITAT strikes down cash loan & notional interest additions under Section 69 due to lack of corroborating evidence and unreliable witness ...

Section 269SS of the Income Tax Act prohibits accepting cash loans or deposits of Rs.20,000 or more. Non-compliance can lead ...

GST on the sale of used vehicles where input tax credit was not claimed and depreciation was, is levied on the margin (sale price minus written down value) and not the total sale ...

ITAT Mumbai ruled that capital gains from a property sale were taxable in the year the sale deed was executed, not the year of the MoU, due to a prior bank lien. The court also clarified tax rates and ...

Calcutta High Court ruled that GST refund timelines are mandatory and that officers cannot reject claims based on extraneous grounds like office size or e-way ...

This 10-day GST course covers returns, audits, and legal provisions with practical case studies and live portal demonstrations for ...

Understand the old and new income tax regimes for salaried individuals in India for FY 2024-25. Compare tax slabs, deductions ...

The dead hand is a legal concept where a person tries to control property long after their death. Learn about the restrictions under India's Transfer of Property ...

The Calcutta High Court has reaffirmed that personal liberty and statutory safeguards must be upheld in GST investigations, emphasizing BNSS 35(3) notice before ...

The ITAT Mumbai restricted a bogus purchase addition to the profit element, distinguishing the case from a prior ruling because the assessee provided a source for the ...

The ITAT Mumbai deleted a penny stock addition, ruling that the income tax department's reliance on suspicion and a general investigation report was insufficient to dislodge the assessee's proof of ...