The ITAT delved into the general meaning of the term “corpus,” noting its origin in medical science to mean “human body” and its broader application to signify “the whole body of a subject for a ...

The standard lock-in period for a PPF account is 15 years from the end of the financial year in which the initial deposit is ...

Calcutta High Court held that invocation of extended period of limitation without establishing wilful mis-statement and suppression of material facts with intent to evade payment of tax is not ...

NCLAT Chennai held that delayed filing of scheme of compromise u/s. 230 of the Companies Act cannot be condoned since there ...

ITAT Delhi held that denial of exemption u/s. 11 of the Income Tax Act by invoking provisions of section 13 (1) (c) without any material brought on record to substantiate that salary paid to members ...

The L&T-Mindtree deal set a significant precedent in the Indian IT industry, which has traditionally been seen as resistant to hostile takeovers due to strong promoter influence and cohesive ...

Held that where department had accepted the re-payment of loans in the subsequent year, no addition was to be made in the current year on account of cash credit. Respectfully following the same, the ...

Madras High Court held that transfer of case under section 127 of the Income Tax Act justified since the documents are seized from different premises of a group of companies/concerns and it is ...

2. Valid India-UAE TRQ holders as notified by IFSCA can import gold through IIBX against the TRQ and can obtain physical delivery of the same through IFSCA registered vaults located in SEZs as per the ...

The Tribunal held that the assessee had a legal right to request DVO valuation under the proviso, and the AO ought to have referred the matter accordingly. Non-referral was a breach of the statutory ...

Supreme Court has upheld a Gujarat High Court decision on the Goods and Services Tax (GST) classification of “fusible interlining fabric of cotton.” The apex court dismissed a Special Leave Petition ...

SC while dismissing the appeal has made following observations – 1. While civil proceedings are generally stayed as per ...