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Plain-language summaries of recent CBDT circulars, GST notifications, case law, and MCA regulations.
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The ITAT found that provisions for identified legal and professional expenses represented crystallized liabilities requiring TDS deduction. The key takeaway is that only genuine contingent liabilities…
The Delhi High Court held that whether coal beneficiation amounts to manufacturing involves mixed questions of fact and law requiring evidence. It declined to quash prosecution for alleged non-complia…
The Madras High Court admitted writ petitions challenging a GST demand arising from the classification of logistics services as intermediary services. Holding that the issue required detailed consider…
The Court held that the delay in e-verification of Form 10B during the pandemic was supported by bona fide reasons. It ruled that denying exemption on technical grounds would cause genuine hardship. T…
The Court held that producing an accused before a Magistrate in another State without obtaining transit remand rendered the detention illegal. The ruling underscores the mandatory nature of procedural…
The High Court set aside the order rejecting ITC after finding that the taxpayer s case required examination under Section 16(5) of the CGST Act. The matter was remanded for fresh consideration. The p…
This article explains the advance tax provisions under the Income-tax Act, including liability thresholds, exemptions, and instalment due dates. It also outlines how taxpayers can revise advance tax p…
This article outlines major offences under the Income-tax Act that may result in prosecution, including tax evasion, non-payment of TDS/TCS, and furnishing false statements. It also highlights excepti…
The Telangana High Court has ruled that EPFO cannot recover provident fund dues from an employee for an employer's alleged violation of EPF rules. The court said liability for transferring PF accumula…
The Delhi ITAT held that the full value of unaccounted sales cannot automatically be treated as taxable income. It restricted the addition to an estimated profit element of 3% on the sales detected du…
This article explains the statutory powers of the Principal Commissioner or Commissioner to waive or reduce penalties in genuine cases. It highlights the conditions, procedures, and limitations govern…
According to Mrinal Mehta, Joint Secretary at Bombay Chartered Accountants' Society, while filing without Form 16 is legally permissible, it can expose taxpayers to several reporting risks if proper p…