The Supreme Court held that the Kerala Agricultural Income Tax Act does not allow an amalgamated company to claim losses of the amalgamating entity. Section 12 permits set-off only by the same ...

This highlights the ambiguity in classifying AI-generated income under existing tax provisions. It explains how classification impacts deductions, tax rates, and compliance ...

The issue was whether penalty can be imposed without fraud or suppression. The Tribunal upheld penalty, holding that Rule 25 read with Section 11AC allows up to 10% penalty even without mens ...

A three-day delay in filing an appeal was rejected by CIT(A), but the tribunal held that minor delays should not defeat ...

The Tribunal held that denial of CENVAT credit on car parking and rent-a-cab services was unsustainable as the issue is settled in favour of taxpayers, leading to allowance of ...

The notification addressed mandatory reinsurance cession for general insurance policies. It mandates 4% cession to GIC Re, ...

A corrigendum fixes multiple drafting and referencing mistakes in income tax rules. The update ensures clarity without altering substantive ...

The Tribunal held that dismissal of appeal as time-barred was improper without proof of order delivery. The matter was remanded for verification of communication ...

The court examined whether tax paid during investigation can be treated as voluntary. It ruled that authorities must investigate coercion claims before treating such payments as ...

The issue was whether delayed appeal against GST order can still be entertained. The court allowed filing of appeal with delay condonation and directed the authority to consider it ...

The issue was whether delayed appeal against GST demand could be entertained. The court allowed filing of appeal with delay ...

The authority held that a foam production line qualifies as an injection moulding machine due to its integrated process of ...