Summons under Section 70 of the CGST Act was only a step in the process of inquiry. Mere issuance of summons could not be equated with arrest or initiation of recovery ...

The notification substitutes valuation tables under the Customs Act, reaffirming tariff values for edible oils, precious ...

SEBI issued a master circular bringing all investment adviser regulations under one document. Earlier circulars are rescinded, but past actions and liabilities continue ...

The regulator issued a comprehensive master circular compiling all directions applicable to research analysts. Earlier circulars are rescinded, while past actions and liabilities remain ...

SEBI has required AIFs to report unit NAVs to depositories within a defined timeline. The move strengthens transparency, standardises disclosures, and improves investor ...

The tribunal held that any adjustment while processing a return under Section 143(1) requires prior intimation to the ...

The issue is rising reassessment notices driven by data analytics. The key takeaway is that strong procedural safeguards protect ...

ITAT Cuttack held that reassessment proceedings fail when no addition is made on the very reasons recorded for reopening. If ...

Since the reassessment itself was quashed, the addition treating long-term capital gains as unexplained cash credit under ...

This article explains the difference between percentage and percentile. The key takeaway is that percentage measures individual performance, while percentile shows ...

This covers major tax reforms introduced to simplify compliance and reduce litigation. The key takeaway is a shift toward trust-based and technology-driven ...

A tax bar body has sought reduction of GSTAT appeal and application fees, citing affordability concerns. The key takeaway is ...