Corresponding amendments have been made by the Finance (No.2) Act, 2024 in the provisions under the second regime whereby, ...

As mentioned in the clause 121 of the finance bill, 2025 the amendment is proposed in sub-section (2) of Section 34 of the CGST Act, 2017. Let us have a look at the sub-section (2) of Section 34 of ...

The Tax Deducted at Source (TDS) rates for FY 2025-26 (AY 2026-27) outline the tax obligations on various payments, including salary, interest, rent, winnings, and professional fees. TDS on salary ...

Raj Surendra Mohan Hajela before ITAT Pune concerns the denial of Foreign Tax Credit (FTC) due to a delay in filing Form 67. The assessee, a tax resident of both India and the USA, claimed FTC of ...

The High Court ruled that Section 50C applies only to the transferor of land and not to those with rights in land. Since Namaste Exports Ltd. was the transferor, the court held that Section 50C was ...

4. As the appellant is not a signatory to the cheque, he is not liable under Section 138 of the 1881 Act. As it is only the signatory to the cheque is liable under Section 138, unless the case is ...

The Gauhati High Court recently ruled on a case involving Pallab Kumar Pandit, a contractor working with the Assam Public Works Department, who challenged the cancellation of his GST registration. The ...

Per Ind AS 115, “Revenue from Contracts with Customers”, the revenue recognition process is structured into the following five key steps: Identifying performance obligations (PARA 22 to PARA 45) ...

The issue of notice u/s 143 (2) is mandatory even in reassessment proceedings, hence the reassessment order framed by the Assessing Officer u/s 147 of the Act is not sustainable in the eye of law and ...

1. Learned counsels for parties are ad-idem that the challenge which is raised to the Show Cause Notice [ „SCN‟] in this writ petition would be governed by the decision rendered in DLF Home Developers ...

National Company Law Appellate Tribunal (NCLAT) Delhi has ruled that the non-registration of a charge under Section 77 of the ...

Rajasthan High Court, in Sunil Dattatrey v. State of Rajasthan, ruled that the non-payment of salary to an employee amounts to deprivation of livelihood, violating Article 21 of the Constitution. The ...