Introduction In recent years, the Indian economy has witnessed a paradigm shift in its approach to corporate debt resolution with the introduction of the ...

The case of YKM Holdings Pvt. Ltd. vs ACIT (ITAT Delhi) delves into the intricate interplay between jurisdictional validity and assessment procedures under the Income Tax Act, 1961. Specifically, it ...

In light of these considerations, the ITAT ruled in favor of the appellant, deleting the addition made under section 68. The ITAT emphasized that the appellant had discharged its burden of proof, and ...

The case of P John Britto Vs Directorate of Enforcement before the Kerala High Court pertained to the imposition of bail conditions on accused individuals in a money laundering case. Initially granted ...

As part of the remand, the court mandated a 10% pre-deposit of the disputed tax demand, demonstrating a balance between the interests of the taxpayer and revenue authorities. This requirement aims to ...

The recent judgment by the Delhi High Court in the case of Global Vectra Helicorp Limited Vs Assessment Unit has significant implications for income tax assessments. The court’s ruling emphasizes the ...

The assessment order in question addresses two issues: a discrepancy between the petitioner’s GSTR 3B returns and the GSTR 1 statement, and a mismatch in Reverse Charge Mechanism (RCM) liability.

In a recent judgment, the Madras High Court addressed the case of Sri Shanmuga Motors versus the State Tax Officer regarding a delay in filing a GST appeal. The court’s decision has significant ...

Competition Commission of India (CCI) involves a challenge to an order passed by the CCI on July 18, 2023, directing the petitioners to deposit interest on a penalty amount for a specific period. The ...

In conclusion, the court affirmed that once a person is acquitted or discharged from the scheduled offense, the charge of money laundering under the PMLA cannot be sustained, and the attached ...

In a recent case before the Madras High Court, Tvl. Jones Enterprises challenged orders imposing tax liability and penalty for non-filing of the annual return. The petitioner argued unawareness of the ...

In the case of Tvl. KGK Construction Vs Deputy State Tax Officer, the Madras High Court addressed the petitioner’s contention of being unaware of GST proceedings due to notices uploaded on the GST ...