Posted inBlog
Consumer Court Orders ICICI Prudential to Pay Rs. 50 Lakhs in Life Insurance Claim Dispute
Discover how a consumer court compelled ICICI Prudential to pay Rs. 50 lakhs plus interest in a significant life insurance claim dispute.
Posted inBlog
Supreme Court Weighs Crucial Insolvency Case Appeal
The Supreme Court reviews a pivotal insolvency case appeal challenging an NCLT order involving Phoenix ARC and Andes Town Planners.
Posted inBlog
Hero MotoCorp Wins Key Tax Dispute, Upholding Input Tax Credit Claims
Hero MotoCorp secures a major victory in a tax dispute, upholding its input tax credit claims and setting a precedent for the manufacturing sector.
Posted inBlog
Tax Tribunal Upholds Sales-Purchase Link, Deletes Bogus Purchase Addition
Discover how the Tax Tribunal ruled that accepted sales validate linked purchases, preventing 'bogus' additions and stressing documentary evidence.
Posted inBlog
Notional Interest on Business Advances Not Taxable Without Real Accrual, Rules ITAT Delhi
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has ruled that notional interest on business advances cannot be taxed if no real income has actually accrued or been received by…
Posted inBlog
Legal Labyrinth: Insurance Firm Blames Advocate’s Error for 475-Day Delay in Filing Appeal
An insurance firm blames its advocate's error for a 475-day delay in filing an appeal, sparking a legal battle over the misplaced court order.
Posted inBlog
Calcutta High Court Grants New Hearing in GST Refund Case Over Illegible Shipping Document
The Calcutta High Court recently allowed a petitioner to present a clearer bill of lading, a crucial shipping document, in support of their Integrated Goods and Services Tax (IGST) refund…
Posted inBlog
Income Tax Appellate Tribunal Clarifies Deemed Dividend Rules in Proprietary Concern Cases
ITAT clarifies deemed dividend rules, requiring clear shareholder withdrawal evidence, not just cash shortage, for proprietary concerns.
Posted inBlog
ITAT Mumbai Rules Reassessment Notices Served Late Are Invalid, Quashes Proceedings
ITAT Mumbai ruled that late-served reassessment notices are invalid, quashing proceedings and impacting tax authority procedures.
Posted inBlog
Orissa High Court Orders Withdrawal of GST Bank Attachments Following Installment Payment Agreement
Orissa High Court orders GST bank attachment withdrawal after a taxpayer commits to an installment payment plan, offering relief for businesses.