The ICAI Disciplinary Committee has fined CA Ankit A. Chokshi Rs. 25,000 after finding him guilty of professional misconduct for failing to report a deposit in a trust's audit ...

Allahabad High Court held that issuing a GST penalty show cause notice in Form DRC-01 instead of DRC-01A is a technical error and not fatal when the assessee disputes the entire liability and no final ...

The Calcutta High Court ruled that a show-cause notice cannot be quashed due to a lack of pre-SCN consultation, but the department must provide a ...

The ITAT Bangalore ruled that a CIT(A) cannot make additions on grounds not specified in the original reopening notice, setting aside additions on share trading ...

The ITAT Bangalore ruled that income from sun-dried raisins is agricultural income, exempt from tax, if a farmer uses traditional methods without ...

Section 71(6) of the Companies Act, 2013, read with Rule 18(3)(e) of the Companies (Share Capital and Debentures) Rules, 2014, mandates that the Debenture Trustee shall appoint a nominee director in ...

In Rajeshkumar Shah vs DCIT, ITAT strikes down cash loan & notional interest additions under Section 69 due to lack of corroborating evidence and unreliable witness ...

Section 269SS of the Income Tax Act prohibits accepting cash loans or deposits of Rs.20,000 or more. Non-compliance can lead ...

GST on the sale of used vehicles where input tax credit was not claimed and depreciation was, is levied on the margin (sale price minus written down value) and not the total sale ...

ITAT Mumbai ruled that capital gains from a property sale were taxable in the year the sale deed was executed, not the year of the MoU, due to a prior bank lien. The court also clarified tax rates and ...

Calcutta High Court ruled that GST refund timelines are mandatory and that officers cannot reject claims based on extraneous grounds like office size or e-way ...

This 10-day GST course covers returns, audits, and legal provisions with practical case studies and live portal demonstrations for ...