This explainer breaks down how equity mutual funds work, their key advantages, and the risks involved. The takeaway is why ...

The appellate tribunal held that staying recovery proceedings through a SARFAESI application was without jurisdiction when an ...

The court held that Section 74 of the CGST Act does not permit consolidated show cause notices for multiple financial years. Notices clubbing different tax periods were therefore set ...

The appeal was dismissed as the assessee had already offered the disputed income to tax at 30%. The ruling clarifies that ...

The notification substitutes tariff value tables under the Customs Act for key commodities. It reaffirms existing tariff values and provides clarity on valuation benchmarks effective 4 February ...

The issue was denial of appellate remedy despite income being below taxable limits. The Tribunal ruled that appeals must be admitted and decided on merits in such ...

The Finance Bill, 2026 clarifies GST treatment of post-sale discounts by bringing them within Section 34 time limits. The ruling ends ambiguity while enforcing strict deadlines and ITC reversal ...

The High Court ruled that unproven allegations of judicial bias cannot justify transfer of a case. Mere dissatisfaction with proceedings or adverse orders is no ground for alleging ...

The issue was whether reassessment survives when no addition is made on the reasons recorded for reopening. The Tribunal held that such reopening is invalid, making the entire reassessment ...

The issue was whether a reassessment notice issued after the limitation period is valid. The Tribunal held that a notice issued beyond the prescribed time is void, nullifying the entire ...

The issue was whether DVO-based valuation could inflate long-term capital gains for a co-owner. The Tribunal held that once co-owner relief applies, the DVO-based addition cannot ...

The issue was whether an appeal can be dismissed outright for non-payment of advance tax. The Tribunal held that appellate authorities must first examine if advance tax was actually payable before ...