The Government of India has withdrawn the Income-tax Bill, 2025, citing drafting errors and a need for corrections. A new ...

A summary of AS 2 and Ind AS 2 for inventory accounting. Learn about valuation methods, cost formulas, and key differences in ...

Understand the impact of Section 194T, which mandates a 10% TDS on payments to partners by firms and LLPs, effective from ...

The Supreme Court in Vishnoo Mittal v. M/s Shakti Trading Company quashed proceedings against a director under Section 138 of ...

ITAT Nagpur set aside CIT(E) order, ruling that non-submission of provisional registration copy is not a valid ground to ...

Uttarakhand High Court permits revocation of GST registration cancellation for non-filing of returns, aligning with prior ...

The Sikkim High Court's ITAT has remanded tax appeals for Raju V. Mahakalkar for fresh hearing due to the assessee's repeated ...

A comparison of AS 18 and Ind AS 24 related party accounting standards. Learn key differences in definitions, disclosures, and how they impact financial ...

The ITAT Delhi quashed a reassessment where a Section 148 notice was sent to a deceased person, reinforcing that notice must be served on the legal ...

ITAT Bangalore deletes ₹25.8L penalty under Section 271D as AO failed to record satisfaction in assessment order. Procedural lapse proved ...

Kolkata ITAT rules Assessing Officer cannot add income for bogus purchases without rejecting books of account or disputing reported sales, ensuring legal ...

ITAT Ahmedabad held that reopening alleging income escaped assessment merely on the basis of Client Code Modification without any other corroborative evidence cannot be sustained. Accordingly, ...