Subject: Mandatory Submission of Closure Report on expiry of FSSAI License/ Registration-reg.

The Competition Commission of India (CCI) has dismissed a complaint filed by Airen Metals Private Limited (AMPL) and Airen ...

As a result, the Registrar concluded that both the company and its directors were liable for penalties under Section 172 of ...

Hello, Income Tax return filing for FY 2024-25 has been started. We all are know that new regime is the default regime for FY 2024-25. If any assessee wants to file the ITR in old regime than he can ...

Despite challenges, MAT has stood the test of time — adapting to reforms, responding to investor concerns, and plugging loopholes. It’s now a key pillar of India’s corporate tax framework, ensuring ...

Introduction The intricate framework of Goods and Services Tax (GST) in India, while revolutionary in its approach to indirect taxation, presents significant ...

The AO, noting the lack of satisfactory documentary evidence from the assessee regarding the source of these deposits, concluded that the entire Rs. 10,80,000 was unexplained income. This amount was ...

The ITAT, in its decision, acknowledged the additional ground, citing the Supreme Court’s ruling in National Thermal Power Co. Limited -vs.- CIT (229 ITR 383 SC), which permits the agitation of new ...

ITAT Mumbai held that since donations collected were parked in savings bank account of assessee and funds were used for personal purpose hence donation collected are taxable u/s. 56 (2) (x) of the ...

A pivotal additional ground of appeal was raised by the assessee’s counsel: that the assessment order, dated December 19, 2019, was beyond the jurisdiction of the AO. The original limited scrutiny, ...

Calcutta High Court has dismissed an appeal filed by the revenue challenging an order from the Income Tax Appellate Tribunal (ITAT) which deleted an addition of Rs. 10,60,50,000/- made under Section ...

ITAT Hyderabad held that disallowance by invoking provisions of section 36 (1) (iii) of the Income Tax Act not sustained since the sum is not an advance/loan to sister concern, however, it is an ...