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Legal Framework Governs Central Excise Refunds and Interest Payments
Discover how India's Central Excise Act governs duty refunds and interest payments for businesses following favorable court rulings.
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Tax Professionals Highlight Ongoing Compliance Hurdles Despite GST Portal Upgrades
Discover why Indian tax professionals still face major GST compliance hurdles and data glitches despite recent portal upgrades.
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Understanding Rights Issue Offer Periods and Exemptions Under the Companies Act, 2013
Discover how private companies can legally shorten rights issue timelines under the Companies Act 2013 to accelerate capital raising.
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Section 263 Not Invocable for Non-Initiation of Section 270A Penalty: ITAT Ahmedabad
The ITAT Ahmedabad ruled that tax authorities cannot use Section 263 to revise assessments just because an officer skipped Section 270A penalties.
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Supreme Court Upholds Validity of DVO Reference Following Books of Account Rejection
Discover how the Supreme Court validated a DVO reference under Section 69B after tax authorities rejected a taxpayer books of account.
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Understanding GST Limitation Periods: Sections 73, 74, and 74A Explained
Master the critical GST limitation periods under Sections 73, 74, and 74A to ensure compliance and understand statutory timelines for show cause notices.
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Stamp Duty Cannot Be Levied Before Issuance of SARFAESI Sale Certificate: Bombay HC
The Bombay High Court rules that stamp duty cannot be charged before a SARFAESI sale certificate is issued, bringing clarity to auction purchasers.
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Significant advantages of IFSC in India over IFSC in Singapore
India's premier financial hub, the Gujarat International Finance Tec-City (GIFT) International Financial Services Centre (IFSC), has emerged as a formidable competitor to established global financial centers like Singapore. According to…
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BSNL VRS-2019 Compensation Gets Full Sec. 10(10B) Exemption; ITAT Condones 1,404-Day Delay
In a notable tax ruling, the Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has granted significant relief to former employees of Bharat Sanchar Nigam Limited (BSNL). Official reports…
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Lucknow ITAT Rules Sales Spike Alone Cannot Tax Demonetisation Cash as Unexplained
The Lucknow ITAT ruled that a surge in sales during demonetisation is not enough to tax cash deposits as unexplained income, easing business scrutiny.