1+ mon, 3+ week ago  (1279+ words) The Bill increases eligibility limits for small companies, widening coverage and reducing compliance obligations. The reform aims to promote ease of doing business while simplifying regulatory requirements....

1+ mon, 2+ week ago  (24+ words) The case examined whether transaction value can be rejected without inquiry. The Tribunal held that absence of investigation and proper procedure invalidates valuation enhancement....

1+ mon, 2+ week ago  (381+ words) The issue concerns liability in unauthorised digital transactions. The ruling insight highlights that absence of a clear definition of negligence leads to inconsistent outcomes, often shifting liability onto customers....

1+ mon, 1+ week ago  (250+ words) Step-loans can unintentionally violate Section 185 by creating indirect loans to directors. Companies often overlook how layered transactions breach legal provisions. The key takeaway is to review fund flow and ensure ultimate beneficiaries are compliant....

1+ week, 3+ day ago  (35+ words) ITAT Delhi held that addition under Section 41(1) cannot be made without proving cessation of liability. The Tribunal found that family loans continued to remain payable and were merely reclassified in the capital account....

2+ week, 3+ day ago  (36+ words) This article explains how Safe Harbour Rules under the Income-tax Act, 2025 interact with APAs, MAP provisions, and transfer pricing assessments. It highlights compliance obligations, MAP forfeiture risks, and transaction-specific protection from TPO scrutiny....

1+ week, 3+ day ago  (997+ words) The article explains how departmental GST audits can identify compliance gaps, strengthen internal controls, and reduce future litigation and penalty exposure through early corrective action....

2+ week, 3+ day ago  (36+ words) The ITAT ruled that generation of surplus and project-based contractual arrangements do not automatically convert environmental conservation activities into commercial ventures. The Tribunal directed grant of Section 12 A registration after finding the activities genuinely charitable....

1+ week, 5+ day ago  (36+ words) The Telangana High Court refused to interfere with a GST demand order involving alleged misclassification of cargo transport services, holding that the petitioner should pursue statutory appellate remedies. The Court found no violation of natural justice....

2+ mon, 2+ week ago  (234+ words) Key rulings clarify return mismatches, ITC disputes, anti-profiteering, and Section 74 proceedings, providing crucial guidance for tax professionals and compliance strategies....