ITAT Delhi permits set-off of brought forward long-term and current year short-term capital losses against long-term capital gains, overruling CPC and ...

ITAT Mumbai quashed ex-parte assessment based solely on AIR entries, directing AO to provide full details so assessee can respond and defend his ...

Explains the major reforms introduced by the four Labour Codes, detailing new wage rules, social security expansion, safety standards, and transitional compliance ...

Summarises how WIP is recognised and measured under Ind AS 115/IFRS 15, emphasising cost tracking, progress measurement, and disclosure rules for service ...

Explains how cross-border payments are classified as business profits or royalty/FTS and highlights why contract substance—not invoice labels—determines ...

The Tribunal held that notices and assessment orders in the name of a deceased person have no legal standing, confirming that reassessment requires a living assessee or ...

SFIO mandates digitally generated summons with QR codes and DINs, enabling online verification to prevent impersonation and ...

The Authority concluded that the beverage is a fermented product made from rice using koji and yeast, with no malt content.

Delhi High Court uncovered fraudulent Input Tax Credit claims after a trader sought GST registration cancellation and imposed ...

Tripura High Court rules that collection of GST penalty without passing a formal order under Section 129(3) is unlawful, and ...

High Courts have ruled that ITC cannot be denied to buyers with valid invoices even if the supplier’s GST registration is cancelled retrospectively. Maintain proper records to protect your ...

Madras High Court relegates the GST classification dispute on Harpic and Lizol to the Deputy Commissioner, noting factual disputes and the availability of statutory ...