Gujarat High Court Upholds GST ITC Denial for Supplier
GST ITC Denial: A Wake-Up Call for Businesses The recent Gujarat High Court judgment in Maruti Enterprise Vs Union of India & Ors. has sent a strong message to businesses,…
TAXATION UPDATES
Company, Directors Fined for Rights Issue Violation
Corporate Governance: Rights Issue Violation Leads to Fines The Ministry of Corporate Affairs has imposed fines on Beezaasan Explotech Limited and two of its directors for…
Bombay HC: ITC Blocked Over 1 Year Must Be Unblocked
Bombay High Court Rules on ITC Blocking Limits The Bombay High Court has delivered a significant ruling concerning the blocking of Input Tax Credit (ITC) under Rule 86A of the…
Form 26AS TDS Data Triggers Tax Reassessment
TDS Data in Form 26AS Now a Direct Trigger for Tax Reassessment The Income Tax Appellate Tribunal (ITAT) has reinforced the significance of Form 26AS, stating that the presence…
GST Confiscation Quashed Over Stock Discrepancy
The Allahabad High Court has overturned tax, penalty, and fine orders against a petitioner, citing procedural irregularities in how stock discrepancies were handled under the…
Charity Tax Status Under Scrutiny in India
Charitable Status Under New Scrutiny in India India’s tax authorities are intensifying their examination of charitable institutions, moving beyond formal compliance to a more…
Depreciable Assets Lose Capital Gains Exemption under Income
Capital Gains Taxation Undergoes a Significant Shift Recent amendments to the Income-tax Act, 2025, have introduced significant changes to the taxation of capital gains,…
SC Dismisses Penalty as Capital vs Revenue Receipt Issue
When reading SC Dismisses Penalty as Capital vs Revenue Receipt Issue , the important part is to keep the core facts intact while presenting the context in a clearer way for…
Customs Broker Cannot Be Penalised Merely for Non-Physical
When reading Customs Broker Cannot Be Penalised Merely for Non-Physical , the important part is to keep the core facts intact while presenting the context in a clearer way for…
GST on Hosting Services: Key Points and Impact
When reading GST on Hosting Services: Key Points and Impact , the important part is to keep the core facts intact while presenting the context in a clearer way for readers. What…