Judgement

ITAT Delhi held that sales already recorded in audited books and GST returns cannot be taxed again as unexplained cash credits under Section 68.

ITAT Quashes Addition Made u/s 68: Sales Declared in books, GST Can’t Be Treated as Unexplained Income

SC rules that counterclaims cannot be directed against co-defendants and must be confined to claims against the plaintiff

Counterclaim by Co-Defendants in Specific Performance Suit Held Not Maintainable

The ITAT concluded that the non-compliance with Income Tax provisions was from the employer's side, and it is not fair to penalise the assessee for the mistake of the employer.

TDS Credit Must Be Given Even if Employer Fails to Deposit Tax: ITAT 

News

The DRI has busted a major gold smuggling racket in Mumbai, seizing nearly 12 kg of gold and arresting 11 people under ‘Operation Bullion Blaze’.

DRI Busts Major Gold Smuggling Racket in Mumbai Under "Operation Bullion Blaze"

The Tribunal observed that the amendment to Section 54, was applicable from AY 2015-16 onwards, as mentioned in the CBDT Circular No. 01/2015 dated 21 January 2015.

Section 54 Deduction Can Be Claimed for Property Purchased Abroad Before AY 2015-16: ITAT

Press Release

The Credit Guarantee Scheme for Exporters will support businesses with 100% credit guarantee through NCGTC.

Cabinet Approves Credit Guarantee Scheme for Exporters to Boost India’s Export Growth

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