AO should not have resorted to section 143(1) (a) and instead could have resorted to section 143 (3): Chhathisgarh HC The ...

Indian tax residents must report foreign assets and income in their ITRs, regardless of value. Non-disclosure can lead to ...

Bangalore ITAT mandates 80G approval for Academy of General Education, clarifying CIT(E)'s scope is limited to verifying ...

ITAT Bangalore overturns CIT (Exemptions)'s rejection, granting City Hospital Charitable Trust 80G approval. The tribunal ...

MHA introduces new FCRA validity limits for foreign contributions: 3 years for receipt, 4 years for utilization. Existing ...

ITAT Pune held that penalty under section 271AA of the Income Tax Act is not imposable in view of section 273B of the Act since there was a reasonable cause for not reporting the said transaction in ...

A Nominee Director holds a unique position on a company’s Board of Directors. They are individuals appointed to the board by specific entities such as ...

The Calcutta High Court set aside orders against Kamdhenu Udyog P Ltd., ruling that a technical error in ITC reversal forms should not override substantive compliance. The company had voluntarily ...

RBI's new circular caps penalties for specific FEMA violations at ₹2 lakh, streamlining compliance and easing burdens for businesses and ...

RBI sets 25 August 2025 as deadline to regularize past overseas investment delays under LSF. Post-deadline, compounding becomes ...

The Punjab and Haryana High Court granted bail to Arvind Kumar in a GST fraud case, citing insufficient incarceration, clean ...

Delhi High Court mandates reasoned orders and personal hearings for adverse GST rectification orders, citing Section 161 CGST ...