News

Plush sofas were reserved for the elite members, while there were not enough sitting arrangements for the ordinary CAs.

Chartered Accountant Criticizes 'VIP Treatment' for Elite Members at WOFA 2.0

Judgement

The ITAT ruled that an assessment framed without issuing notice under section 143(2) of the Income Tax Act is invalid and bad in the eyes of the law.

Assessment Framed Without Issuance of Notice Under Section 143(2) is Invalid: ITAT

ITAT partly allowed the Revenue’s appeal against the assessee, upholding the Rs. 10.44 lakh cash-gift addition while deleting the other additions.

Cash Gift on Marriage Anniversary Backfires: ITAT Confirms Tax Addition

Shaving foam taxable at 18%; concessional 5% rate restricted to shaving cream, shaving lotion and aftershave lotion.

AAR: Shaving Foam Not Same as Shaving Cream; 5% GST Limited to Cream, Lotion & Aftershave

The ITAT examined the case and observed that the assessee had provided all the required documentary evidence, which clearly showed the movement of goods.

Purchases Cannot Be Held Bogus if Assessee Files All Documentary Evidence: ITAT

Purchases Cannot Be Held Bogus if Assesse Files all Documentary Evidences: ITAT

The HC upheld the ED’s attachment of Appellant’s Delhi property as “equivalent value” under the PMLA, affirming that even inherited assets can be attached if linked to untraceable proceeds of crime.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

Chartered Accountant Criticizes 'VIP Treatment' for Elite Members at WOFA 2.0

Assessment Framed Without Issuance of Notice Under Section 143(2) is Invalid: ITAT

Cash Gift on Marriage Anniversary Backfires: ITAT Confirms Tax Addition

AAR: Shaving Foam Not Same as Shaving Cream; 5% GST Limited to Cream, Lotion & Aftershave

Purchases Cannot Be Held Bogus if Assesse Files all Documentary Evidences: ITAT

No Special Immunity to Inherited Assets Under PMLA: High Court Clarifies