The appeal was initially filed with a significant delay of 458 days. The assessee, a firm, presented an affidavit by Smt. Jaishree Ashok Khatri, a partner and widow of the late managing partner, ...

Section 148 of India's Companies Act mandates cost record maintenance (Form CRA-1) for companies in specified sectors with over Rs.35 Cr turnover. A cost audit is compulsory if turnovers exceed higher ...

The IFSCA’s TFMS allows global fund managers to operate in GIFT City under an existing Fund Management Entity (FME) license, reducing setup costs and boosting fund choices, governed by IFSCA (FME) ...

Though exempt from AGM, the AOC-4 deadline is 180 days from FY end (Sept 27th). MGT-7A is due 60 days from adopted accounts resolution (Nov ...

New Income Tax Act, effective April 2026, simplifies law by reducing sections and introducing Tax Year. It features higher tax rebates, eliminates notional rent tax on two houses, and clarifies VDA ...

Recent GST changes simplify post-sale discounts via Credit Notes, mandate invoice-wise TDS reporting in GSTR-7, impose a 3-year limit on filing old returns, and introduce electronic filing for GSTAT ...

Dismissing the plea of unawareness of portal notices, the Delhi High Court upheld that assessees must regularly check the GST portal. Yet, to uphold natural justice, it remanded the matter for ...

Tribunal ruled that AO cannot treat cash recorded in audited books as unexplained merely because deposits were made during demonetisation or in instalments. Additions u/s 69A were deleted as cash ...

ITAT Jabalpur upholds CIT(A)’s deletion of addition u/s 68; holds that mere reliance on Investigation Wing report without independent verification is ...

Punjab & Haryana High Court ruled that undertakings obtained under duress have no legal value, ordering counting of past service for pension and ...

The ITAT Jabalpur directed the CIT (Exemption) to reconsider the rejection of Mangalayatan University's Section 80G approval. The Tribunal held that a rejection based on incomplete ...

ITAT Pune upheld CPC disallowance under section 36(1)(va) for delayed employee PF/ESI deposits, following Supreme Court ruling in Checkmate ...