The Tribunal held that the assessee proved substantial upgrades to a semi-constructed house using bills and contractor records. It allowed the ₹4.05 crore indexed improvement cost, rejecting the AO’s ...

Explains SEBI’s decision to postpone Phase III of the revamped nomination framework. Key takeaway: implementation is deferred due to system and operational ...

ITC cannot be mechanically denied to purchasers even if invoices are missing in GSTR-2B. Key takeaway: the ruling safeguards taxpayers paying GST in good ...

Most income tax notices involve minor mismatches or routine verification and can be resolved by submitting clarifications or documents. Key takeaway: timely response avoids unnecessary ...

Introduction After a long wait, finally rules related to Goods and Services Tax Appellate Tribunal (GSTAT) are prescribed on 24th April, 2025. Chapter III of ...

Explains the Registrar’s administrative and quasi-judicial functions, highlighting their role in managing staff, filings, and court procedures. Key takeaway: the Registrar ensures smooth court ...

Calcutta High Court holds that minors lack legal capacity to consent, upholding life imprisonment for sexual assault under POCSO and IPC provisions. The ruling reinforces child protection ...

The Tribunal held that the assessment was void because jurisdiction shifted between officers without a mandatory transfer ...

Explains how gratuity exemptions differ for government, private, and Gratuity Act–covered employees. Key takeaway: exemption is capped at ₹20 lakh, and excess becomes ...

The Tribunal held that the AO cannot expand a limited scrutiny into full scrutiny without written approval from the Principal CIT. Additions under Sections 2(22)(e) and 69A were struck down, ...

Tribunal held that freight amounts collected and passed on to airlines are mere reimbursements, not income. Only the assessee’s service margin is ...

Explains how FEMA’s outdated definitions leave cross-border crypto transfers legally ambiguous. Key takeaway: without ...