Explains why car insurance is mandatory in India, the penalties for non-compliance, ad how uninsured driving can expose ...

The webinar explains how the first reply and pleadings determine the direction of GSTAT appeals. It highlights drafting as a ...

Explore the nuances of overseas education facilitators under GST and the distinction between intermediary services and export ...

A high-level committee has been formed to review and modernise the pension investment framework, focusing on diversification, ...

Holding in favour of the assessee, the Tribunal clarified that high-rate taxation under section 115BBE requires clear proof of bogus receipts. Suspicion based on third-party searches is ...

The Tribunal held that additions in a search assessment cannot survive without incriminating material. Mere repetition of an annulled earlier assessment was found legally ...

The decision reiterates that the Revenue must prove that borrowed funds were actually used for non-business purposes. In absence of such proof, interest paid to banks remains ...

The ruling emphasizes that statements relied upon by the Revenue must be confronted to the assessee with an opportunity of cross-examination. Failure to do so renders additions legally ...

It was ruled that once books are accepted, expenses supported by ledgers, vouchers, and bank payments cannot be disallowed on suspicion. Ad-hoc estimation without rejecting books was held ...

The Tribunal noted that no construction investment occurred during the year under appeal. Accordingly, no addition for unexplained investment could be sustained in that assessment ...

Explains how routine corporate operations and mismanagement can cross into criminal fraud, highlighting the role of intent in triggering serious legal ...

It was ruled that the Assessing Officer’s own finding of circular trading negates the application of bogus purchase jurisprudence. In the absence of evidence of sham transactions, estimated profit ...