However, the court noted that a government press release clarified that the new definition applied solely for income tax ...

The CESTAT also held that the burden is on the Department to establish the classification of goods as HSD, which conforms to ...

An interest rate is the percentage of a Car Loan that is charged as interest over the life of the loan. It is the cost of ...

Contrary to initial expectations that survival concerns would sideline ESG, many organizations strengthened their ESG ...

To begin with, there is rarely, if ever, a review of the existing business model, and the changes that might be required for ...

In India, starting a business can be thrilling due to the challenges and immense opportunities this market has to offer.

Saha Traders Vs Zonal Joint Director General of Foreign Trade(CLA) (Delhi High Court) Delhi High Court ruled against the Directorate General of Foreign Trade (DGFT) for canceling ...

ITAT Jaipur ruled on the applicability of Section 44AD of the Income Tax Act in assessing the taxable income of Santosh Kumar, a retail trader in Kota stones. The case arose after the assessee failed ...

Karnataka High Court dismissed an appeal filed by the Revenue against the Tribunal’s order, which deleted an addition of ₹33.71 crores under Section 56 (2) (viib) of the Income Tax Act, 1961. The case ...

Counsel for the petitioner, Vikas Pahwa, argued before Justice that since the final product (atomizers filled with the herbal substance) is licensed as a Class A medical device, the imported empty ...

Delhi High Court quashed the Customs Department’s order seizing two gold chains belonging to a 17-year-old minor, Gopika Vennankot Govind, who was traveling from the UAE to India for a wedding. The ...

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