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Understanding Insurance Deposit Release Procedures After Revision Petitions
Learn about the legal procedures for releasing deposited amounts after an insurance company revision petition is successfully allowed.
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ITAT Hyderabad Quashes Section 271AAB Penalty Over Defective Notice
ITAT Hyderabad sets aside a Rs 12.76 lakh penalty under Section 271AAB because the tax notice failed to specify the correct statutory limb.
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ITAT Visakhapatnam Rules Ambiguous Section 271AAB Penalty Notices Invalid
ITAT Visakhapatnam deletes a Rs 10.98 lakh penalty, ruling that ambiguous Section 271AAB notices lacking specific statutory limbs are legally invalid.
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Madras High Court Rules Vague Section 271AAB Income Tax Penalty Notices Invalid
Madras High Court upholds penalty deletion, ruling that income tax penalty notices under Section 271AAB lacking specific clauses are invalid.
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Excess Stock Surrender Taxable as Business Income Normal Rate ITAT Chandigarh
ITAT Chandigarh rules that excess stock surrendered during a tax survey is taxable as business income at normal rates, excluding Sections 69B and 115BBE.
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ITAT Bangalore Rules Section 11 Denial Does Not Make Entire Trust Receipts Taxable
ITAT Bangalore rules that denying Section 11 exemption to a trust does not automatically make gross receipts taxable without reviewing allowable expenses.
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Supreme Court Rules Mutation in Revenue Records Does Not Decide Property Title
Supreme Court clarifies that property mutation and revenue entries only serve fiscal purposes and cannot confer or extinguish legal ownership.
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CAGR Calculator vs Lumpsum Calculator: Understanding Key Investment Metrics
Discover the differences between CAGR and lumpsum calculators. Learn how to use both financial tools together to assess your investment performance effectively.
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ITAT Mumbai Rules Section 143(3) Assessment Using Search Material Invalid
ITAT Mumbai rules section 143(3) assessments using search material legally unsustainable due to bypassed reassessment procedures and missing approvals.
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Understanding Supply Under GST: Section 7 and Taxable Events
Learn what qualifies as a supply under GST Section 7. Explore taxable events, schedules, composite supplies, and judicial rulings in taxation.