Delhi High Court held that it is no longer open for the department to proceed with the adjudication of show cause notice which had not been adjudicated for almost fourteen years. Thus, letter ...

Gold has always been more than just a shiny asset in India it’s a cultural symbol, a family heirloom, and a popular investment choice. But when you sell gold whether as jewellery, bars, coins, or even ...

Yet AI systems such as Anthropic’s Claude 4 are already able to interpret contracts, generate boilerplate codebases, and perform data analysis in seconds. Once businesses realize they can replace a ...

Delhi High Court held that GST SCN uploaded on ‘Additional Notices Tab’ was not noticed by the petitioner. Hence, order set aside and matter remanded back to Adjudicating Authority. Further, ...

CESTAT Delhi held that re-determination of transaction value merely on the basis of emails of quotations of different supplier cannot be sustained since there is absolutely no evidence for rejection ...

ITAT Delhi held that disallowance of expenditure on adhoc basis without contrary material and without rejection of books of accounts not justifiable. Accordingly, disallowance made in the impugned ...

ITAT Ahmedabad held that addition towards accommodation entries of bogus LTCG cannot be sustained in absence of any iota of tangible perceptible evidence. Accordingly, appeal allowed and addition set ...

ITAT Mumbai held that as per section 70 (2) the short-term capital loss can be set off against gain from any other capital asset. Thus, set off of short-term capital loss (on which STT was paid) ...

ITAT Mumbai held that since donations collected were parked in savings bank account of assessee and funds were used for personal purpose hence donation collected are taxable u/s. 56 (2) (x) of the ...

Rajasthan High Court has dismissed a series of appeals filed by the Commissioner of Income Tax (CIT) against Shyam Mandir Committee, Khatushyam Ji. The High Court’s decision affirms the Income Tax ...

14. Mr Pardiwalla submitted that there was no independent application of mind by the AO, and this was an instance of the AO acting under dictation. He submitted that the AO incorrectly thought that he ...

CBI arrests two accused including a Senior Indian Revenue Service Officer 2007 batch, presently posted as Additional Director General, Directorate of Taxpayer Services, New Delhi, and a private person ...