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CESTAT Delhi Rules Separate Supply and ECIS Contracts Are Not Works Contracts
CESTAT Delhi clarifies that distinct material supply and erection contracts do not constitute works contracts, excluding free supplies from value.
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Allahabad High Court Grants Bail in GST Fraud Case Involving Non-Existing Firm
Allahabad High Court grants bail to an applicant in a Goods and Services Tax fraud case involving a non-existing firm because he was not named in the FIR.
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CESTAT Rules on Municipal Hoarding Space and Service Tax Demand
Understand the recent CESTAT ruling holding municipal hoarding space taxable while setting aside the extended-period service tax demand due to no suppression.
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MEIS Rewards Taxable as Revenue Receipts from AY 2016-17 Says ITAT Mumbai
ITAT Mumbai Special Bench rules that MEIS rewards are taxable as revenue receipts under Section 2(24)(xviii) starting from assessment year 2016-17.
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Gujarat High Court Rules on Income Tax Reassessment Appeals
Explore the Gujarat High Court ruling on income tax reassessment appeals when recorded reasons yield no additions under Section 147.
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How Underpriced Audits Weaken Anti-Corruption Controls in India
Discover how low audit fees, restricted timelines, and high market concentration compromise audit quality and weaken anti-corruption controls in India.
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Uncovering the Hidden Financial Realities of the NSE IPO Prospectus
Explore the key insights from the NSE IPO draft prospectus, including its options-driven revenue model, massive treasury investments, and rising costs.
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Comprehensive Guide to Tax Audit Under Section 44AB for FY 2025-26
Learn about Section 44AB tax audit limits, forms, deadlines, and penalties for FY 2025-26 to ensure full compliance for your business.
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ITAT Chandigarh Quashes Time-Barred Section 148 Notice for AY 2015-16
ITAT Chandigarh sets aside a time-barred Section 148 notice issued on April 1, 2022, for assessment year 2015-16, invalidating related penalties.
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ITAT Delhi Invalidates 2022 Section 148 Notice for Assessment Year 2015-16
Learn how ITAT Delhi recently quashed a Section 148 notice issued in April 2022 for the 2015-16 assessment year, rendering proceedings invalid.