However, the court noted that a government press release clarified that the new definition applied solely for income tax ...

The CESTAT also held that the burden is on the Department to establish the classification of goods as HSD, which conforms to ...

The issue arose from a show-cause notice dated March 26, 2013, where the revenue proposed to demand duty from the appellant, arguing that the initial notification was effectively amended, restricting ...

An interest rate is the percentage of a Car Loan that is charged as interest over the life of the loan. It is the cost of ...

In India, starting a business can be thrilling due to the challenges and immense opportunities this market has to offer.

To begin with, there is rarely, if ever, a review of the existing business model, and the changes that might be required for ...

The ITAT acknowledged the taxpayer’s claim of unawareness regarding the faceless assessment proceedings. It noted that while the taxpayer did not file a formal return, he provided a computation of ...

The learned Departmental Representative (DR) argued for the dismissal of the assessee’s appeal, citing the assessee’s consistent failure to appear or submit any written submissions before both the ...

Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has allowed two appeals filed by Light Ray Advisors LLP against separate orders, both dated October 21, 2024, passed by the learned ...

Chokalingam Srinivasan filed a writ petition with the Madras High Court, challenging an assessment order from the Deputy State Tax Officer I, citing a violation of natural justice principles. The ...

Hinduja Global Solutions Limited & Anr. Vs Union of India & Ors. (Calcutta High Court) Calcutta High Court has granted an interim stay on a show-cause notice issued by the Princip ...

The petitioner further informed the court that subsequent notifications from both the Central and State revenue authorities had modified the deposit requirement for the stay, reducing it to 10% of the ...