Tax Guru

ITAT Delhi Quashed Assessment for non-issuance of Section 153C Notice

Tribunal emphasizes requirement of notice under section 153C for assessments in block period, quashing AY 2021-22 assessment framed without ...
Tax Guru

GST Penalty Appeal allowed Despite Delay with Partial Pre-Deposit: Madras HC

Madras High Court permits a delayed appeal against GST penalty order, provided 25% of disputed tax and interest on belated payment are deposited, emphasizing conditional ...
LiveLaw

Delhi High Court Upholds GST Notice Based On Income Tax Intelligence; Cautions Dept Against AI-Generated Fake Citations In SCN

The Delhi High Court in a writ petition has upheld Show Cause Notice (SCN) issued by the GST Department which was based on an ...
Tax Guru

Penalty based on Loose Sheets/Ledger Without supporting proof not Valid

The Tribunal held that penalty under section 270A could not stand because the JPACK ledger titled “SABARI” was not proven to belong to the assessee. The ruling emphasises lack of corroborative ...
Tax Guru

Once TNMM Is Applied PO Cannot Benchmark Management Fees Separately or Assign Nil ALP

The Tribunal held that once TNMM is accepted for a set of linked transactions, the TPO cannot separately benchmark Management Fees or treat their ALP as Nil. The adjustment was deleted as the fees ...
Tax Guru

Gifted Shares, Long-Term Gains: ITAT Delhi Throws Out Revenue’s STCG Theory

Revenue’s claim of short-term gains was rejected; ITAT held that shares received as a gift inherit the donor’s acquisition date and holding period, validating LTCG and section 54F ...
Tax Guru

Share Premium Addition Quashed; DCF Valuation Cannot Be Replaced Without Specific Errors

Tribunal held that AO did not establish any defect in identity, genuineness, or creditworthiness of share subscribers. Addition under Section 68 was ...
Scientific Research PublishingOpinion

Put Alcohol Harm Prevention Courses in National Basic Education ()

Lu, F. (2025) Put Alcohol Harm Prevention Courses in National Basic Education . Psychology, 16, 1464-1474. doi: 10.4236/psych ...
Scientific Research Publishing

Extent of Green Construction Finance Adoption in Kenya’s Construction Industry ()

Extent of Green Construction Finance Adoption in Kenya’s Construction Industry. Journal of Building Construction and Planning ...
Tax Guru

Allahabad HC Sets Aside GST Appellate Order Passed Without Notifying Assessee

The Court determined that the authority reserved judgment on the hearing date and delivered it later without notifying the petitioner. It held that such a procedure is unsupported by the GST Act. The ...
Tax Guru

Madras HC Quashes GST Appellate Orders for Denial of Hearing

The Madras High Court quashed GST appellate orders passed without personal hearing and remitted the matter for fresh consideration. The petitioner must deposit 10% of disputed tax before the de novo ...
Tax Guru

ITAT Orders Fresh Review of Share Premium Addition After Error in Applying Venture Capital Exemption

The ITAT remitted the issue to the CIT(A), noting that exemption provisions were wrongly applied to a non-qualifying investor. The takeaway is that exemption claims in share premium cases must match ...