Subject: Mandatory Submission of Closure Report on expiry of FSSAI License/ Registration-reg.

However, the Commissioner of Income Tax (CIT) later invoked Section 263 of the Act, setting aside the assessment order on ...

The Competition Commission of India (CCI) has dismissed a complaint filed by Airen Metals Private Limited (AMPL) and Airen ...

Once Bail Is Granted, It Cannot Be Cancelled In A Mechanical Manner Unless Supervening Circumstances Justify Such Action: SC ...

GST Registration Saga: Social Media Post Triggers Swift Clarification from Finance Ministry and CBIC ...

14. Mr Pardiwalla submitted that there was no independent application of mind by the AO, and this was an instance of the AO acting under dictation. He submitted that the AO incorrectly thought that he ...

Yet AI systems such as Anthropic’s Claude 4 are already able to interpret contracts, generate boilerplate codebases, and perform data analysis in seconds. Once businesses realize they can replace a ...

ITAT Mumbai held that since donations collected were parked in savings bank account of assessee and funds were used for personal purpose hence donation collected are taxable u/s. 56 (2) (x) of the ...

Until mid-2024, gold held for three years or less was treated as short-term; anything longer was long-term. But since July 23, 2024, that holding period for short-term has been shortened to two years.

The AR contended that these precedents firmly established that such charges, arising from contractual obligations rather than breaches of law, are compensatory and thus deductible business ...

Madras High Court has dismissed an appeal filed by the Income Tax Department (Revenue) concerning the set-off of brought forward business losses against capital gains arising from the sale of a ...

Kolkata, in a recent ruling, overturned the decision of the Commissioner of Income Tax (Appeals) and the Assessing Officer, allowing Farseen Rubber Industries Limited to claim a deduction of Rs. 1 ...