A slight increase in post-GST ITC was held to amount to profiteering when not passed on. The tribunal directed refund of the ...

Explains how non-obstante clauses give priority to special tax provisions over general rules. Clarifies that the override ...

Section 194T introduces a flat 10% TDS on partner remuneration and interest, sharply reducing monthly liquidity for small ...

The issue was whether a final assessment could stand when objections were filed before the DRP but not considered by the AO.

The Court held that interest under reverse charge cannot be recovered without prior adjudication. Coercive recovery was set ...

The issue was a municipal demand raised without prior notice. The Court accepted the authority’s statement to treat it as a ...

The Tribunal ruled that additions based only on presumptions and low income of subscribers are invalid. Proper documentary evidence outweighs non-appearance under ...

The Tribunal ruled that payments made directly to truck drivers, and not transporters, fall outside Section 40A(3) limits when within the statutory threshold. Additions based on incorrect assumptions ...

The ruling clarifies that capital reduction involving foreign shareholders is treated as a transfer. FEMA compliance and tax implications must therefore be carefully ...

ITAT held that share capital additions cannot rest on an inspector’s report not shared with the assessee. Matter remanded for fresh examination in line with natural ...