The FAQs clarify how the 50% wage rule increases gratuity and leave liabilities and why these changes must be treated as past service costs under accounting ...

The Tribunal held that reassessment initiated by a jurisdictional officer after the faceless scheme became mandatory was invalid. The key takeaway is that failure to follow the faceless mechanism ...

Courts held that orders passed without meaningful consideration of representations violate Sections 73(9) and 75(6) of the CGST Act, rendering such orders legally ...

Parliament abolished compulsory probate to eliminate delays and costs, allowing heirs to enforce wills without mandatory court ...

Delhi High Court held that strict adherence to the procedural requirements under the SARFAESI Act and Rules 8 and 9 of the SARFAESI Rules cannot be insisted, as the sale of the secured asset was ...

The new regulation allows possession of completed real estate units during insolvency, offering timely relief to compliant homebuyers without breaching the ...

The Tribunal held that profit estimation cannot rest on conjectures or lump-sum allegations. In absence of identified bogus purchases or factual basis, the entire addition was ...

Until MCA issues further clarification, professionals should continue issuing MGT-8 on peer-reviewed letterheads with UDIN and attach it to ...

The ruling confirms that reassessment based on investigation inputs cannot proceed without independent application of mind by the Assessing Officer. Prior scrutiny of share capital defeated the ...

Delhi ITAT held that a purchase-return mismatch does not constitute misreporting under section 270A(9). Immunity under section 270AA was granted, quashing the ₹10.69 lakh ...

Patna High Court held that packing materials namely gunny bags and HDPE bags are integral part of cement sales ...

The ITAT held that a penalty under Section 271D cannot survive without recorded satisfaction by the Assessing Officer during pending assessment ...