Judgement

Repayment of loan within two days and absence of interest not sufficient to brand transactions as bogus, holds High Court

HC Refuses to Interfere with ITAT Order Deleting Section 68 Additions on Loan Transactions

News

The Income Tax Department may use GST data analytics to widen the direct tax base, detect underreported income, and promote voluntary tax compliance through technology-driven nudges.

IT Dept May Soon Use GST System Data to Issue Income Tax Notices

Articles

ICAI has released a handbook that explains the audit implications and practical guidance for implementing the New Labour Codes.

ICAI Releases Handbook on Key Changes Under New Labour Codes

Revenue cannot revive bogus purchase additions under Income-tax Act when identical allegations have already failed before CESTAT

High Court: Bogus Purchase Additions Unsustainable Once Supplier Exonerated in Excise Proceedings

High Court reiterates that statutory timelines under CGST Act are mandatory and cannot be diluted through writ jurisdiction

GST Registration Cancellation Upheld Due to Time-Barred Appeal; High Court Declines to Condone Delay

The Court observed that Section 16(4) starts with the words "Notwithstanding anything contained in sub-section (4)", which means that Section 16(5) overrides Section 16(4).

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HC Refuses to Interfere with ITAT Order Deleting Section 68 Additions on Loan Transactions

IT Dept May Soon Use GST System Data to Issue Income Tax Notices

ICAI Releases Handbook on Key Changes Under New Labour Codes

High Court: Bogus Purchase Additions Unsustainable Once Supplier Exonerated in Excise Proceedings

GST Registration Cancellation Upheld Due to Time-Barred Appeal; High Court Declines to Condone Delay

ITC Cannot Be Denied if Return Filed Within Section 16(5) Time Limit: Kerala HC