Legal principles confirm that statements recorded during GST investigations cannot alone establish tax liability. Their ...

High Court set aside a preventive detention order under the Public Safety Act after finding that the District Magistrate ...

The Finance Act 2023 introduced a 12.5% LTCG tax without indexation as an alternative to 20% with indexation. Taxpayers must compare both options carefully before choosing the beneficial ...

The ITAT held that revisional powers under Section 263 cannot be exercised when the Assessing Officer has already examined the issues during scrutiny. Mere disagreement with the assessment cannot ...

The Ministry of Finance amended Notification No. 14/2018 under the Union Territory GST framework to substitute the designated authority. The amendment appoints the Joint Commissioner, CGST Daman, in ...

SC held that creditors may initiate insolvency proceedings against both principal debtor and corporate guarantor simultaneously. Ruling confirms that co-extensive liability permits parallel CIRP under ...

The court held that a retracted statement by a trustee alleging capitation fee collection cannot justify tax additions without corroborative evidence. In the absence of proof from students or ...

Third-party motor insurance pays compensation for injury or property damage to others caused by your vehicle. However, it does not cover damage to the insured car or the driver’s own ...

The Court held that merely uploading an order on the GST portal is not sufficient communication under Section 107. Limitation begins only after proper service under Section 169 is ...

Courts have emphasized that GST searches are meant to gather evidence, not to collect tax during the raid. Payments should only be made later through proper procedure to avoid ...

The Tribunal ruled that both conditions for Section 263 revision must exist simultaneously. Since no exempt income was earned, the assessment order was neither erroneous nor ...

The Insolvency and Bankruptcy Board of India issued a circular introducing electronic forms to monitor insolvency resolution processes for personal guarantors. The move replaces email reporting to ...