The Central Board of Indirect Taxes & Customs (CBIC) has issued Instruction No. 10/2025-Customs, dated May 13, 2025, to revise the formats used for reporting arrests and incidents where no arrest is ...

CBIC Reports Customs Cooperation, GST Grievance Mechanism, and ITC Fraud Detection; Weekly newsletter from Chairman, CBIC dated 13/05/2025 ...

Pursuant to certain news reports and review of certain legal proceedings against the promoter of a SEBI registered SM REIT, namely Strata SM REIT having Registration Number IN/SM-REIT/24-25/0004 in ...

The case involved Tapas Kumar Das, the assessee, whose income tax return for AY 2017-18 was selected for scrutiny under the ...

Reassessment proceedings initiated under section 148 for Assessment Year 2013-14 was not valid as the initiation of reassessment proceedings was barred by limitation and assessee’s income chargeable ...

In a significant ruling for charitable and religious institutions, the Income Tax Appellate Tribunal (ITAT) Visakhapatnam bench has dismissed appeals filed by the Income Tax Department, affirming that ...

Tax regulations are a critical but often neglected component of digital asset management. Most governments now require clear ...

This clear pronouncement from the Delhi High Court, classifying donations received towards the corpus of the trust as ‘capital receipts’ rather than ‘revenue receipts chargeable to tax’, became the ...

A practicing Chartered Accountant shall not accept, in a financial year, more than “60” tax audit assignments under Section ...

Conclusion: Whenever, the GST has been paid by using Form GST PMT-06, the tax liability will be discharged to that extent.

The case arose after the Assessing Officer (AO) denied the trust’s claim for exemption under Section 11 for the aforementioned assessment years. The primary reason for the denial was the absence of ...

The Supreme Court of India has declined to interfere with a Bombay High Court decision in the case of Nusli N. Wadia against the Assistant Commissioner of Income Tax (ACIT), related to a notice issued ...