The ITAT also noted that the AO had disregarded the assessee’s explanations and supporting documents, such as bank statements and books of accounts, regarding the source of cash deposits. The AO had ...

From the 1990s, both in the UK and the USA, focus started shifting to Corporate Governance, with accounting scandals leading to the failure of companies. In 2009, in India, the Satyam scam raised ...

When taxpayers wrongly avail input tax credit (ITC) under GST, the law mandates interest shall be levied on such amounts if the credit is “utilised”. However, a key interpretational debate arises ...

The 12A registration is a provision below the Income Tax Act that permits charitable or non profit agencies to assert tax exemptions. Once registered below section 12A, the enterprise becomes eligible ...

CESTAT concurred with the Commissioner (Appeals)’ finding that the matter was rightly remanded for the issuance of a speaking order. Consequently, CESTAT found no merit in Nico Extrusion’s appeal ...

Considering these legal provisions, the AAR concluded that the GST Act does not permit a ruling on the taxability of ...

The applicant sought a ruling on the GST applicability of renting out their immovable property to the State Government for ...

Since the scale attracts the highest GST rate of 18%, the AAR ruled that the entire Geometry Compass Box supplied by Amardeep ...

The Maharashtra Authority for Advance Ruling (AAR) has determined that the cancer prognostic and diagnostic services provided by Epigeneres Biotech Private Limited do not qualify for exemption from ...

Reserve Bank of India (Lending Against Gold Collateral) Directions, 2025 ...

Directions, 2025 Securitisation of stressed assets involves transactions where risk of recovery in stressed assets is distributed, among investors, by repackaging such assets into tradeable securities ...

The Reserve Bank of India has issued draft directions to streamline and regulate non-fund based (NFB) credit facilities, such as guarantees and letters of credit, across all regulated entities (REs) ...