The Assessee challenged the penalty Imposed by National Faceless Appellate Centre U/S. 271B of the I.T Act for the A.Y ...

The Banking Laws (Amendment) Bill 2024 proposes significant changes to bank deposit nominations, with the introduction of successive and simultaneous nominations. While these amendments aim to ...

1.1 The issue in the case of Hexaware Technologies Ltd is whether the Jurisdictional Assessing Officer (JAO) can issue a reassessment notice to assess the taxpayer’s income that has escaped assessment ...

One of the most essential aspects of the MOA is the Clauses of Memorandum of Association, which set the limits inside which an enterprise can function. These clauses ensure that everyone sport ...

Downstream Investment is an investment made by an Indian entity having FDI, into another Indian entity.

The appellant is an individual. He was issued a re-opening notice under section 147 of the Income Tax Act, 1961. The commission paid to various parties was sought to be disallowed and added to the ...

1.1 The purpose of a Reassessment is to assess additional income of a taxpayer that was overlooked during the original assessment. Such escaped income can only be taxed through a reopened assessment, ...

Mineral Area Development Authority and Ors, the Supreme Court of India addressed review petitions challenging its earlier ...

Delhi High Court, in case of Taxation Bar Association member, modified the requirement of twelve appearances in a year to be ...

Kerala High Court held that depreciation allowance is deemed to be business loss for section 71 and 72 and can be set off ...

Rajeev Bansal (Civil Appeal No. 8629 of 2024), the Supreme Court of India addressed the constitutional validity of the ...

Section 17 (5) (d) disallows claiming ITC for the construction of immovable property, except for “plant or machinery”. However, the Hon’ble Court introduced a broader interpretation of ‘plant or ...