The central bank has issued draft amendments clarifying capital computation norms for NBFCs and other regulated entities, ...

The Tribunal examined whether website development charges were genuine business expenses. It upheld the disallowance after ...

The central bank has proposed sweeping changes to foreign exchange risk computation, standardising Net Open Position ...

The Tribunal held that interest from bank fixed deposits lacked a direct nexus with credit facilities. Deduction under Section 80P was denied as investment income ...

Authorities detected large-scale ITC fraud involving invoices without actual supply of goods. The arrests signal strict enforcement against GST credit ...

ITAT Delhi ruled that granting a common approval for several assessment years violates statutory safeguards. Search ...

The High Court upheld rejection of a limitation plea raised only at the hearing stage. It held that without supporting facts on record, such a plea cannot be ...

The Tribunal held that reopening based solely on third-party information without independent application of mind is invalid. Income escaping assessment must be based on the Assessing Officer’s own ...

The Tribunal examined whether purchases could be treated as bogus solely on investigation inputs. It held that without ...

The Court held that once copies of DRT proceedings are supplied as un-relied documents, the accused cannot compel the investigating agency to produce original tribunal ...

The High Court held that Notifications extending GST limitation were vitiated and illegal. As a result, the assessment order based on them was set aside and remanded for fresh ...

The High Court held that the “relevant period” under Rule 89(4) must be applied uniformly for ITC, turnover, and adjusted turnover. Selective interpretation for refund computation was ...