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

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

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

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

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

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

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

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 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 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 ...