Held: In the instant case, the disallowance of interest expenses was made by AO by taking view that assessee had shown unsecured loan of Rs. 16,36,297/- and had also given loan and advances of Rs. 11, ...

Madras High Court held that provision for leave salary is not allowable as deduction under section 43B (f) of the Income Tax Act since deduction of actual payment is allowable and not of provision.

ITAT Ahmedabad held that invocation of Revision proceedings under section 263 of the Income Tax Act after approval of the Resolution Plan by NCLT is against the Provisions of Law. Accordingly, ...

Mohanty Enterprises case, which allowed the revocation of cancellation for entities willing to comply with tax obligations.

The term ‘Banking Business Hours’ are the minimum number of hours that IBU shall provide services from its premises in IFSC.

5. It was further submitted that the petitioner is ready and willing to pay 10% of the disputed tax and that he may be ...

The assessee on show cause resisted the proceedings by filing a response. According to the assessee there was no intent to ...

The sine qua non for acquiring jurisdiction to reopen an assessment is that notice under section 148 should be issued to a correct person and not to a dead person. Consequently, the jurisdictional ...

Integrated Tax (Rate) issued on January 16, 2025, has amended the Integrated Goods and Services Tax (IGST) rate on the sale ...

The appellant argued that although they had initially waived the claim of Rs. 1,57,818/-, they later found documents that ...

The assessee contended before the Commissioner of Income Tax (Appeals) [CIT (A)] and subsequently the ITAT that sufficient ...

Jharkhand High Court ruled in favor of Shri Sai Super Market, addressing the disallowance of Input Tax Credit (ITC) worth ₹11 ...