Tax Guru4h
No Service Tax Penalty If Tax dues Paid Before SCN: CESTAT Ahmedabad
CESTAT observed that since the appellant recorded the transactions in its books and voluntarily paid the tax and interest ...
Tax Guru11m
FDI Limit in Insurance Sector Raised to 100% in Budget
Smt. Nirmala Sitharaman informed that the FDI limit for the insurance sector will be raised from 74 to 100 per cent. This enhanced limit will be available for those companies which invest the entire ...
Tax Guru6h
Bombay HC Quashes Reassessment Order, Directs Assessment Unit to Act Wisely & Follow Law
In the case of Ugar Sugar Works Limited Vs ACIT, the Bombay High Court quashed a reassessment order passed by the Income Tax ...
Tax Guru5h
Central Excise Claims Not Secured Debt: NCLAT Delhi
NCLAT decisions, to emphasize that claims under Section 11E of the Central Excise Act and similar provisions are not ...
Tax Guru5h
AP High Court Sets Aside GST Order for Missing DIN & Officer’s Signature
The petitioner was served with assessment orders in Form GST DRC-07, dated 07.06.2022, 07.06.2022 and 08.01.2022, passed by ...
Tax Guru57m
Denial of exemption u/s. 54B for purchase of agricultural land in name of wife not justified
ITAT Delhi held that denial of exemption under section 54B of the Income Tax Act for purchase of agricultural land in the name wife of the assessee is not justifiable. Accordingly, denial of benefit ...
Tax Guru1h
Budget 2025-26 Proposes 8 Key GST Amendments
Union Budget 2025-26 introduces key amendments to GST laws to enhance trade facilitation. Starting from April 1, 2025, input tax credit distribution will be allowed by Input Service Distributors for ...
Tax Guru2h
Reforming Arbitration in India: Analyzing Proposed Amendments in 2024 Draft Bill
Amendment to Section 9 (1) of the Act Section 9 (1) – A party may, before, or during arbitral proceedings or at any time after the making of the arbitral award but before it is enforced in accordance ...
Tax Guru2h
ICAI Guidelines for Merger & Demerger of CA Firms
The Institute of Chartered Accountants of India (ICAI) has issued guidelines to govern the merger and demerger of Chartered Accountant (CA) firms. The ICAI (Merger & Demerger of CA Firms) Guidelines, ...
Tax Guru1h
HIGHLIGHTS OF UNION BUDGET 2025-26
Union Minister for Finance and Corporate Affairs Smt Nirmala Sitharaman presented Union Budget 2025-26 in the Parliament today. The highlights of the budget are as follows: The total receipts other ...
Tax Guru1h
Income Tax Reforms in Budget 2025-26 for Good Governance
SLEW OF DIRECT TAX REFORMS PROPOSED IN UNION BUDGET 2025-26 TO ACHIEVE GOOD GOVERNANCE Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman presented the Union Budget 2025-26, in ...
Tax Guru1h
Penalty Imposed for Non-Compliance with Women Director Requirement
The company and the officers must remit the penalty within 60 days, or face further legal consequences under Section 454 of the Companies Act. The company’s failure to promptly appoint a woman ...