Delhi High Court held that cancellation of a tax payer’s GST registration does not absolve the tax payer from being held ...

Subject: Modification in framework for valuation of investment portfolio of AIFs 1. SEBI (Alternative Investment Funds) Regulations, 2012 (‘AIF Regulations’) were amended and notified on June 15, 2023 ...

2. In this regard, attention is drawn to rule 27 (1) of the Special Economic Zone rules, 2006 as amended. Accordingly, it is ...

1. No Legal Impediment for Paying Rent to Spouse: There is no legal bar under the Income Tax Act in paying rent to the spouse for the purposes of income tax if the transactions are genuine and on ...

The concept of “patent illegality” first emerged in Indian arbitration jurisprudence through judicial pronouncements. However, it was formally codified in the 2015 Amendment to the Arbitration Act, ...

ITAT Hyderabad held that the Tribunal has no power to recall/review its own orders in terms of scope and power of Tribunal for rectification of order u/s. 254 (2) of the Income Tax Act.

ITAT Ahmedabad held that expenditure incurred on software project, which was sought to be developed however never came into existence and no new asset came into existence which would be of an enduring ...

As things stands, the Bench then reveals in para 10 that, “She further states that she has no objection if the proceedings ...

Summary: Under GST, the taxability of leasing residential and commercial properties varies based on the recipient’s registration status. Before 18th July 2022, renting residential dwellings for ...

These disruptions are causing considerable distress to taxpayers and professionals who are trying to comply with the ...

Delhi High Court held that initiation of reassessment under section 147/148 of the Income Tax Act merely on the basis of DVO ...

ITAT Delhi held that holding company can adopt FMV of the asset held by subsidiary company and rework value of investment held in subsidiary company, such approach is not contract to section 56 (2) ...