ITAT Delhi quashed an income tax reassessment against Amar Chemicals, ruling assessment void because the mandatory notice ...

A summary of how cost audits and costing systems provide real business value by improving efficiency, reducing waste, and enabling informed decisions beyond regulatory ...

India's agriculture sector faces reform pressures from WTO rules, climate risks, and rising costs. Government policies aim to protect farmers amidst global ...

The new US tariff regime, including a 26% reciprocal rate on India, could pressure the Rupee and key export sectors. Read how businesses can ...

A summary of issues with the rectification process under the Income Tax Act 2025, highlighting the disparity in timelines for taxpayers and the ...

The ITAT Delhi has deleted a penalty imposed by the CIT(A), ruling that the CIT(A) did not have the jurisdiction to change the nature of a penalty from Section 271AAB to ...

The ITAT Delhi has dismissed a reassessment appeal, ruling that a Section 148 notice issued on March 31 but dispatched on April 20 was invalid. The delay in service rendered the assessment void as it ...

A guide to GST on freight as of August 2025, covering Goods Transport Agency (GTA) definitions, Forward and Reverse Charge Mechanisms, and HSN reporting ...

Prolongation of Criminal Case For Unreasonable Period Amounts To Mental Incarceration: SC ...

The ITAT Delhi has remanded the transfer pricing case of Stryker India Pvt. Ltd., directing the exclusion of one comparable and inclusion of another, and allowing for the netting of payables and ...

GSTAT ruled that Raj & Company failed to pass on GST rate cut from 28% to 18% on cosmetics, profiteering ₹3.31 lakh.

A technical glitch in the ITR utility for AY 2025-26 prevents negative values in capital gains reporting. Learn about the issue and a temporary ...