ITAT Mumbai held that although foreign commission expenditure was non-genuine and liable for disallowance, amounts already written back and taxed in a subsequent year could not again be taxed through ...

Kolkata ITAT upheld deletion of addition relating to alleged bogus penny stock loss after finding that the assessee had furnished contract notes, demat records, broker statements, and bank documents ...

The Andhra Pradesh High Court held that a GST assessment order issued under Section 62 stood automatically withdrawn after ...

The ITAT Surat remanded a case involving a Rs.30 lakh gift treated as unexplained cash credit under Section 68. The Tribunal allowed the assessee another opportunity to submit bank records and explain ...

The Delhi High Court held that consultancy and recruitment support services provided to foreign universities qualify as export of services under GST. The Court ruled that incidental involvement of ...

The Tribunal ruled that margins agreed under a Bilateral Advance Pricing Agreement may be used for non-covered AEs when transactions are functionally similar. The decision emphasized consistency and ...

Mumbai ITAT held that the CIT(A) cannot dismiss an appeal merely for non-prosecution without adjudicating the issues on merits. The matter relating to TDS on payments to Facebook Netherlands was ...

The Sales Tax Bar Association requested reconsideration of Bar Council of India rules prohibiting advocates from entering ...

SEBI has proposed sweeping amendments to exchange traded derivatives regulations to simplify compliance norms and remove outdated provisions. The consultation paper seeks to merge and streamline ...

The article explains how buy-back taxation shifted from company-level tax to shareholder taxation under the Finance Act, 2024 and Income-tax Act, 2025. It also discusses additional tax implications ...

Court ruled that differing interpretations on classification of services as OIDAR cannot automatically justify invocation of Section 74 unless deliberate concealment or suppression is established by ...

PFRDA relaxed earlier restrictions on annuity surrender after receiving hardship representations from subscribers. The circular now permits surrender in cases involving critical illness of the ...