Madras High Court held that the existence of an alternative remedy precludes the petitioner from approaching this Court through a writ petition unless there is an exceptional circumstance. Accordingly ...

Calcutta High Court held that liberty is granted to the petitioner to respond to notice issued under section 148 of the Income Tax Act as the respondents are on the verge of bringing the assessment ...

Delhi High Court held that facts narrated in notice u/s. 148A (b) couldn’t lead to conclusion that income has escaped assessment. Accordingly, reassessment proceedings initiated is liable to be set ...

An order u/s 263 was passed by CIT on grounds that exemption u/s 54F was not admissible as assessee owned more than one residential property as on the date of transfer & in the said order it was also ...

Step 1: To access the GST Portal go to www.gst.gov.in. Choose “Services” > “Registration” > “New Registration”. Step 2: Part ...

Vide Finance (No. 2) Act, 2024, section 206C (1F) was amended to provide that TCS will also be levied on any other goods of ...

With informed planning and awareness of the available provisions, taxpayers can save a significant amount of LTCG tax on sale of agricultural land. Sections 54B, 54F, and 54EC are effective tools to ...

Under this notification, the import policy for these synthetic knitted fabrics is classified as “Restricted.” However, a provision allows for “Free” import if the Cost, Insurance, and Freight (CIF) ...

DGFT issued Trade Notice No. 03/2025-2026 dated 23rd April 2025, inviting feedback from stakeholders on proposed amendments to the Foreign Trade Policy (FTP) 2023. These amendments pertain to the ...

1. This has reference to the IFSCA circular no. IFSCA-DTFA/1/2025 dated April 08, 2025 (hereinafter referred to as the “Fee Circular”), which, inter-alia, provides the fee structure for the entities ...

GST के मामलों में उलझना अक्सर एक मुश्किल काम जैसा लगता है, खासकर जब आपको Show Cause Notice (SCN) मिलने लगें। एक सवाल जो अक्सर उठता है, वो ये है कि क्या GST विभाग एक ही वित्तीय वर्ष के लिए कई SCN भेज ...

It was submitted that the reasons recorded for reopening were mechanical and identical across years, sometimes even referring to incorrect assessment years. On appeal. It was held that CIT (A) passed ...