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 ...

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

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

The High Court held that a service provider engaged in export of services was not an intermediary and quashed rejection of ...

The High Court set aside a GST assessment issued after the taxpayer’s death, holding that proceedings cannot be validly ...

The Court quashed a confirmed GST demand after noting that the taxpayer had not replied on merits to the show cause notice.

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 ...

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 High Court held that writ petitions cannot be entertained against a private finance company. Disputes arising from private loan transactions must be resolved through civil or arbitral ...

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