Judgement

Assessee’s claim of prior sale in 2005 to avoid Section 50C fails; long-term capital gain of 3.25 Cr sustained

ITAT Restores Appeal after NFAC Passed Ex-parte, Non-speaking Order

Articles

In a significant operation relating to GST fraud, the Punjab Finance Department discovered a GST fraud of Rs. 866 crore from 20 fake firms created using identity documents of poor workers and unemployed people.

Rs 866 Crore GST Scam Exposed: Daily Wage Workers Used to Set Up 20 Fake Firms

Notifications

MCA has announced an important update regarding the Company Incorporation Rules, 2014

MCA Notifies Changes to Form INC-22A Under Incorporation Rules, 2014

MCA Notifies Changes to Form INC-22A under Incorporation Rules, 2014

Reassessment held void ab initio as AO failed to dispose of objections before passing assessment order

Income Tax Reassessment Without Deciding Objections Held Void: ITAT

Tribunal finds no justification for using a later panchnama to extend limitation; holds Section 153A assessment invalid

ITAT: Second Panchnama Can’t Extend Limitation, Assessment Time-Barred

News

Shriram Pistons &amp; Rings Ltd. has disclosed receiving a Rs. 74.24 lakh income tax penalty for AY 2020-21 over a disputed cess deduction.

Shriram Pistons Receives Income Tax Penalty Order of Rs. 74.24 Lakh; Evaluating Legal Options

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