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Blog, News, Insolvency and Bankruptcy Code

May 21, 2024

AA Was Justified in Rejecting CIRP Plea, as Documents Placed by Shareholders of CD Were Unsigned and B/s Showed Nil Loan | NCLAT

Case Details: Vijay Jain v. … Continue reading “AA Was Justified in Rejecting CIRP Plea, as Documents Placed by Shareholders of CD Were Unsigned and B/s Showed Nil Loan | NCLAT”

Blog, News, International Tax

May 21, 2024

Interest Payable to AE is Taxable on Accrual Basis if DTAA is Silent on Taxability of Interest Income | ITAT

Case Details: LS Automotive India … Continue reading “Interest Payable to AE is Taxable on Accrual Basis if DTAA is Silent on Taxability of Interest Income | ITAT”

Blog, News, Income Tax

May 21, 2024

No Relief to Assessee if He Failed to Place Clinching Evidence to Show That There Was No Income Derived by Him | HC

Case Details: Ravikumar Subhash Kalsi … Continue reading “No Relief to Assessee if He Failed to Place Clinching Evidence to Show That There Was No Income Derived by Him | HC”

Blog, News, GST & Customs

May 21, 2024

HC Remanded Matter as Assessee Was Unaware of Proceedings in View of Cancellation of Its GST Registration

Case Details: Tvl. E.Clouds v. … Continue reading “HC Remanded Matter as Assessee Was Unaware of Proceedings in View of Cancellation of Its GST Registration”

News, Blog, GST & Customs

May 21, 2024

HC Grants Bail to GST Superintendent Who Was Accused of Demanding Bribe to Avoid Penalty Amount

Case Details: Prem Raj Meena … Continue reading “HC Grants Bail to GST Superintendent Who Was Accused of Demanding Bribe to Avoid Penalty Amount”

Blog, Weekly Round-up

May 21, 2024

Weekly Round-up on Tax and Corporate Laws | 13th to 18th May 2024

This weekly newsletter analytically summarises … Continue reading “Weekly Round-up on Tax and Corporate Laws | 13th to 18th May 2024”

Blog, News, GST & Customs

May 20, 2024

Registration to be Treated as Cancelled From Date of First Application Since Assessee Didn’t Want to Continue Business | HC

Case Details: Asian Traders v. … Continue reading “Registration to be Treated as Cancelled From Date of First Application Since Assessee Didn’t Want to Continue Business | HC”

Blog, News, GST & Customs

May 20, 2024

HC Directed Petitioner to Approach Income Tax Dept. Since Cash Seized Was Handed Over to Them as Per Their Requisition

Case Details: Centre C Edtech … Continue reading “HC Directed Petitioner to Approach Income Tax Dept. Since Cash Seized Was Handed Over to Them as Per Their Requisition”

Blog, News, Income Tax

May 20, 2024

Mere Fact That Gifts Were Received Through Banking Channels Won’t Establish Genuineness of Transaction | HC

Case Details: Mohit Agarwal V … Continue reading “Mere Fact That Gifts Were Received Through Banking Channels Won’t Establish Genuineness of Transaction | HC”

News, Blog, Income Tax

May 20, 2024

[Opinion] Does the New CBDT Notification on Pan-Aadhaar Linking Sufficiently Address Taxpayer Concerns?

CA S. Krishnan – [2024] … Continue reading “[Opinion] Does the New CBDT Notification on Pan-Aadhaar Linking Sufficiently Address Taxpayer Concerns?”