The ITAT Ahmedabad cancelled the penalty under Section 271(1)(c) after setting aside the assessment for fresh adjudication, holding that penalty based on the original order cannot survive once the ...

The Tribunal held that approval granted under Section 153D without application of mind was invalid. As a result, search ...

The Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption.

If you pay more than ₹50,000 in monthly rent, there is an important income tax rule that every tenant in India should know. Under Section 194-IB of the Income Tax Act, tenants paying rent above this ...

Meesho Share Price Today: Shares of e-commerce giant, Meesho Limited, touched lower circuit after declining nearly 10% during Monday, March 9, intraday trade. The sharp decline came after the company ...

Many people living in rented houses focus mainly on paying monthly rent on time, but very few are aware that income tax rules also apply to high-value rental payments. If you are paying more than ₹50, ...