Explore the ICAI President's July 2025 message on trust, India's growing economic influence, and CA initiatives for MSMEs, ...

1. Short title and commencement. – (1) These rules may be called the Companies (Restriction on number of layers) Amendment ...

RBI reports 7.2% sales growth for FY25 in private firms, with higher input costs and moderate profit margins across ...

ITAT Raipur held that addition of commission @1% on bogus sales transacted upheld as no plausible explanation provided by the ...

Tax deductions for interest paid on loans play a significant role in personal tax planning, offering relief by reducing ...

CESTAT Chennai held that royalty payment not connected with the condition of sale is not includible in the assessable value. Hence, invocation of rule 10(1)(c) of the Customs Valuation Rules, 2007 not ...

Mumbai ITAT deletes ₹42 lakh 'on money' addition against assessee, citing tax officer's failure to provide cross-examination and lack of independent ...

ITAT Pune condones delay, restores six appeals to CIT(A) for merit-based decision, citing non-compliance with Section 250(6) and assessee's ...

Explore key GST rulings from May 2025, covering ITC denial, SCN challenges, involuntary payments, cross-examination rights, SCN validity, penalty for e-way bill errors, and condonation of delay in ...

ITAT Bangalore dismissed Karuturi Global's appeals due to improper verification by directors and the tax department's appeals as infructuous due to ongoing ...

ITAT Mumbai held that Private Discretionary Trust whose income is chargeable to tax at maximum marginal rate is not leviable to pay surcharge if the slab rates are below Rs. 50 Lakhs. Accordingly, ...

CESTAT Chennai held that royalty fixed at percentage of net sales is not includible in transaction value of goods imported under rule 10(1)(c) of the Customs Valuation Rules, 2007 as royalty paid is ...