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In the present case, a show cause notice was issued to M/s M.M. Motors (‘the Petitioner’) on 20 December 2023, alleging tax short-payment/wrong availment of ITC for the period April 2018 to March 2019. The time limit prescribed for passing the adjudication order under Section 73 was extended up to 30 April 2024 through various notifications under Section 168A of the CGST Act.

The taxation of dividends underwent a change when in Finance Act 2020, dividends were made taxable in the hands of shareholders. Prior to this, since 1997, the dividend-paying...

The Delhi High Court (HC) in Tiger Global III Holdings v Authority for Advance Rulings, 2024 SCC OnLine Del 5987 overturned the decision of the Authority for Advance Ruling (AAR)...

In the case of Concentrix CVG Customer Management Group, Inc. v. Deputy Commissioner of Income Tax (ITA No. 7727/Del/2017 & Ors., order dated September 30, 2025), the Income Tax Appellate Tribunal, Delhi, ruled that Concentrix CVG Customer Management Group, Inc., ...

As per general accounting principles, under mercantile system of accounting, provisions need to be created in respect of expenses which have been accrued in order to have a true and fair picture of the financials.

The beginning of October has set in various relief measures to taxpayers who were grappling with challenging procedural and compliance provisions under the Goods and Services Tax regime (GST).

The Hyderabad Bench of the Income Tax Appellate Tribunal recently ruled that "colourable" devices adopted to take undue benefit of law should be looked through to determine the real nature of the transaction...

In line with the expectations, and as an aftermath to the hugely controversial demonetization exercise, Budget 2017 announced on February 1 has clearly toed the populist line.

As the Narendra Modi led government has decided to tighten its grip over undisclosed income and correct the tax to GDP ratio, it has come out with the scheme called the Income Declaration Scheme.

In a recent ruling, the Income Tax Appellate Tribunal, Bangalore ruled that income derived from providing pre-clinical laboratory services to Indian clients should not be subjected to taxation in India ...

The Indian and Mauritian Governments have recently signed a protocol dated 7 March 2024 (Protocol) to amend the India-Mauritius tax treaty (Tax Treaty).

Due date for filing Form GSTR-1 extended

In 2012, the Supreme Court of India in the Vodafone case held that any transfer by a non-resident of shares of a non-resident company which derives its value from the shares or interest situated in India would not attract Indian capital gains tax.

The Action 13 report of the Organisation for Economic Co-operation and Development's (OECD's) Base Erosion and Profit Shifting (BEPS) ...

Safe Harbour Rules ('SHR') were first introduced in Indian Transfer Pricing (‘TP') regime by the Central Board of Direct Taxes ('CBDT') in September 2013 under Section 92CB of the Income-tax Act...

The business form of Limited Liability Partnership (LLP) became available in India when the Limited Liability Partnership Act, 2008 (LLP Act) ...

In a significant and far-reaching ruling, the Mumbai ITAT, in the case of Sky High Appeal XLIII Leasing Company Limited [TS-1085-ITAT-2025(Mum)], discussed in detail the applicability...

The Federal Tax Authority (FTA) has issued a comprehensive guide on "Determination of Taxable Income," which provides an overview of the adjustments required to be made to the accounting income...