9. Thus, it is very well settled that the circulars issued by the CBDT have the force of law and are binding on the income ...

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

Insolvency and Bankruptcy Board of India (IBBI) has suspended registered valuer Sujit Shrikant Joglekar for six months, ...

Amendments made vide the Finance (No. 2) Act of 2024, Finance (No. 1) Act of 2024 and Finance Act of 2023 in respect of rates ...

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 ...

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 ...

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) ...

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 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 ...

– Information Technology Act, 2000: This act, along with the Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Data or Information) Rules, 2011, forms the ...

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 ...