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Bombay High Court Rules Unclaimed Statutory CENVAT Dues Are Extinguished Under IBC
The Bombay High Court confirms that statutory CENVAT dues omitted from an approved resolution plan under the IBC stand extinguished and orders refunds.
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ITAT Delhi Rules PCIT Cannot Revise Bogus Purchase Addition When Two Views Exist
Discover the ITAT Delhi ruling stating the PCIT cannot revise bogus purchase additions under Section 263 when two plausible views exist.
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NCLAT Delhi Rules Unrelated Criminal Disputes Cannot Block Operational Debt Claims
NCLAT Delhi clarifies that pre-existing disputes must directly relate to operational debt, preventing unrelated criminal allegations from defeating employee claims.
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Notice Pay and Hotel Cancellation Charges Are Not Taxable Service CESTAT Delhi
CESTAT Delhi rules that notice pay and hotel cancellation or no-show retention charges do not qualify as taxable declared services under Section 66E(e).
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ITAT Rajkot Restores Rs 4.30 Crore Section 69A Addition for Fresh Adjudication
ITAT Rajkot remands a Rs 4.30 crore Section 69A income tax addition and penalty back to CIT(A) for fresh adjudication after merits were left undecided.
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Understanding GST on UPI Payments and Merchant Discount Rate Rules
Learn how GST on UPI payments works, including the upcoming MDR regulations, the 2000 rupee threshold, the 18 percent tax rate, and merchant costs.
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Rule 86B Decoded: 6 Exceptions When 99% ITC Restriction Does Not Apply
Understand Rule 86B and the six critical exceptions where the 99 percent Input Tax Credit restriction does not apply to businesses.
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Rule 86B Decoded: Six Exceptions to the 99% ITC Restriction in GST
Learn about Rule 86B under CGST Rules, the 1 percent cash payment mandate, and the six key exceptions where the 99 percent ITC restriction does not apply.
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Boosting Audit Efficiency with AI Prompts for Professional Auditors
Discover how professional auditors can leverage powerful AI prompts to enhance efficiency across statutory, bank, internal, and tax audits.
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Legal Complaint Filed for Medical Negligence and Hearing Loss
A formal legal complaint has been filed alleging medical negligence, seeking compensation for bilateral hearing loss and ongoing personal care dependency.