Section 17 (5) (d) disallows claiming ITC for the construction of immovable property, except for “plant or machinery”. However, the Hon’ble Court introduced a broader interpretation of ‘plant or ...

Mineral Area Development Authority and Ors, the Supreme Court of India addressed review petitions challenging its earlier ...

Rajeev Bansal (Civil Appeal No. 8629 of 2024), the Supreme Court of India addressed the constitutional validity of the ...

CESTAT Kolkata held that penalty u/s. 114 of the Customs Act imposable on customs broker and intermediary with regard to non-compliance of their duty of fulfilling KYC requirement. Accordingly, ...

Hon’ble Delhi HC in the case of PCIT vs. Anuj Bansal has held that approval given u/s 153D has been granted in a mechanical manner and without application of mind and thus it is invalid and bad in law ...

ITAT Mumbai held that the addition of non genuine labour expenses u/s 37 of the Income Tax Act is unwarranted as assessee has proved the genuineness of the payment of labour charges.

Patna High Court held that assigning reasons or grounds is mandatory while preparing seizure memo. Action based on local ...

Delhi High Court, in case of Taxation Bar Association member, modified the requirement of twelve appearances in a year to be ...

Bombay High Court remanded the matter of correct treatment of losses arising due to exchange rate fluctuation since order ...

The Court noted that the rental income from leasing out mall spaces is considered a “supply of services” under GST. Since GST is payable on rental income, the denial of ITC on the construction of the ...

State of UP, the Allahabad High Court addressed the requirement of personal hearings under Section 75(4) of the Central Goods ...

The case of UOI vs Rajeev Bansal & others involves the interplay of three Parliamentary statutes: the Income Tax Act, the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act ...