The Union Cabinet approved ECLGS 5.0 to provide guaranteed emergency credit support to MSMEs, non-MSMEs, and airlines facing liquidity stress due to the West Asia conflict. The scheme offers up to 100 ...
The Bombay High Court held that GST proceedings initiated against a company that ceased to exist after merger were void ab initio. The Court ruled that Section 87 of the CGST Act does not permit fresh ...
The ITAT Mumbai set aside the CIT(A) order after finding that crucial survey findings and Tally data relating to accommodation entries were not properly examined. The Tribunal directed the Assessing ...
The new law treats gains from depreciable assets as short-term capital gains for all purposes, not merely for computation. This effectively removes exemption benefits previously allowed through ...
SEBI warned that AI-driven tools like Mythos can rapidly identify and exploit cybersecurity weaknesses across the securities market ecosystem. The advisory mandates stronger monitoring, patch ...
The Andhra Pradesh High Court held that failure to file monthly GSTR-3B returns can amount to suppression of facts under Section 74 of the CGST Act. The ruling increases exposure to 100% penalty where ...
The article explains the legal distinction between ITC reversal on opting for composition and tax liability on sale of capital goods. It clarifies when Section 18(4) and Section 18(6) apply under GST ...
The article explains how Power of Attorney has become essential in modern tax practice because of increasing digitization and faceless proceedings. It highlights the importance of proper authorization ...
The Delhi High Court held that income tax returns and taxable income details are personal information protected under Section 8(1)(j) of the RTI Act. The Court ruled that such information cannot be ...
Gujarat HC upheld Section 16(2)(c) of the CGST Act, allowing denial of ITC where suppliers fail to deposit GST with the ...
The circular clarifies that SEBI regulations on insider trading, self-dealing, and front running will apply to all NPS ...
The Court clarified that an NGTP or non-genuine taxpayer tag is only a risk indicator and not conclusive proof against buyers ...
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