The Tribunal found that alleged cash payments lacked any agreement, bank trails, or confirmation from recipients, making the addition legally untenable. ITAT emphasized adherence to evidentiary ...

The High Court declined to entertain a writ challenging a GST order, holding that no exceptional case was made out to bypass the appellate remedy. The ruling reiterates the principle of exhausting ...

Section 87A rebate allows resident individuals with income under specified limits to reduce their tax liability to zero, clarifying the “no tax” ...

The High Court held that complex issues on overlapping State and Central proceedings should be examined by the Appellate Authority. The Supreme Court has stayed the order after notice on the argument ...

The Directions lay down strict eligibility conditions and payout limits for dividends, linking distributions to capital adequacy and asset quality to safeguard financial ...

The Supreme Court refused to interfere with a High Court order discharging an accused in a money laundering case. The ruling confirms that no grounds were made out to disturb the High Court’s ...

The Court ruled that denying ITC for supplier non-compliance results in cascading tax. Authorities must ensure GST taxes only value addition and not penalise genuine ...

The ITAT held that the AO’s allowance of an 80G deduction without examining the background of M/s. Aadhar Foundation was erroneous. The decision reinforces that Explanation-2 to Section 263 requires ...

The Tribunal highlighted that non-receipt of assessment notice and lack of knowledge about tax procedures justified the ...

ITAT Amritsar ruled that accepting demonetised currency beyond the permitted date does not ipso facto create unexplained income under Section 69A. The assessee’s cash sales were already included in ...

Explains when overseas real estate investment is permitted and highlights the key takeaway—funding, structure, and disclosure matter as much as the purchase ...

The regulator upheld the merger of Scheme A with larger asset classes citing its small corpus and concentration risk. The move improves diversification, stability, and long-term retirement outcomes ...