Summary: The Gujarat High Court heard multiple petitions raising an identical issue and disposed of them through a common judgment. The facts were taken from Special Civil Application No. 2114 of 2021 ...

Explains when high-volume, systematic trading is treated as business income and highlights major criteria, tax rates, and compliance ...

Allahabad High Court held that proceedings under GST Section 130 are not permissible against a registered dealer; actions should have been initiated under Sections ...

SC Declares Hostel/PG as Residential Dwelling – Lessee Need Not Reside: Sub-Lease Still Qualifies for Residential Exemption- Revenue’s Narrow View Rejected: Residential Use Is the Real Test-  GST ...

The authority directed field formations to stop collecting anti-dumping duty on titanium dioxide from China PR after the High Court quashed the earlier notification. The ruling requires immediate ...

Explains why returns get shifted to the Old Regime due to missed deadlines or form errors and outlines when rectification is ...

The Court accepted a previously rejected Form F worth ₹6.29 crore after verifying its authenticity. It held that genuine branch transfer claims cannot be denied solely for delayed ...

Explains how Section 113 permits companies to authorize individuals to attend and vote at meetings through board resolutions. Key takeaway: corporate bodies participate legally only through formally ...

ITAT Chennai ruled that a delay in property registration due to the builder cannot deny a Section 54 deduction if the capital gains were reinvested on time. Timely payments, not registration, are the ...

ITAT Chennai ruled that notional contract values in F&O trading cannot be treated as real income. The case was sent back to the AO for reassessment based on actual profits and ...

SEBI now requires SMEs to show ₹1 crore EBITDA in two of the last three years before listing. The rule strengthens IPO quality and improves investor ...

Tripura High Court held that an order accepting bond under section 88 of the Code of Criminal Procedure [CrPC]from the ...