Tax Guru5h
CCI Directs Consolidated Investigation into Google’s Ad-Tech Intermediation Practices
The CCI’s initial review acknowledged Google’s significant market position in ad-tech services and accepted the Informant’s ...
Tax Guru6h
GST on Takeaway vs Restaurant Sales: Gujarat AAAR Ruling
Upon appeal, the AAAR upheld GAAR’s ruling, rejecting Riddhi Enterprise’s argument. The ruling referenced previous cases, ...
Tax Guru8h
Union Budget 2025: Key Highlights and Tax Reforms
1. Provision allowing Input Service Distributors to distribute input tax credit for inter-state supplies subject to reverse ...
Tax Guru13h
Exemption u/s 10A was allowable as RBI given ex-post facto approval for export proceeds realization
Conclusion: Assessee was entitled to the exemption under Section 10A as ex-post facto approval granted by the RBI, the ...
Tax Guru7h
Assessee entitled to raise objections u/s 264 and 246A even if not raised during original assessment proceedings
49. Merely because the Authorized Representative of the petitioner did not raise any objection before the Assessment Order dated 30.11.2017 was passed, ipso facto would not mean that reference under ...
Tax Guru6h
Corrigendum to Customs Notification No. 50/2024 Issued
The Ministry of Finance (Department of Revenue) has issued a corrigendum regarding Notification No. 50/2024-Customs, originally published on December 30, 2024. The correction pertains to a ...
Tax Guru6h
SEBI Circular: Digital Assurance in Financial Reporting
The Securities and Exchange Board of India (SEBI) has issued a draft circular for public comments regarding the requirement of a separate report on digital assurance for financial statements. This ...
Tax Guru10h
Budget 2025: Amendments to Carry Forward Losses in Amalgamation
Finance Bill 2025 proposes amendments to Sections 72A and 72AA of the Income Tax Act, aligning the provisions for carry forward and set-off of accumulated losses and unabsorbed depreciation in cases ...
Tax Guru10h
Challenges in GST Recovery & DRC-07 Compliance
The GST Act prescribes specific time limits within which orders for raising demands under Sections 73 and 74 must be issued. Additionally, the Act allows the issuance of orders under various other ...
Tax Guru9h
Removal of Date Restrictions on Faceless Schemes Notification
In this regard, enabling provision for notifying faceless schemes under sections 92CA, 144C, 253 of the Act were introduced in the Act through TOLA with effect from 01.11.2020 and under section 255 of ...
Tax Guru8h
Key Proposals of Union Budget, 2025 (Income Tax)
Vide Finance Act 2022, taxation of virtual digital assets (VDA) has been introduced in the Income-tax Act, 1961 (‘the Act’), under section 115BBH of the Act in which the transfer of VDA is to be taxed ...
Tax Guru13h
Budget 2025 – GST And Customs – Analysis
Budget introduces significant amendments to the CGST Act, 2017. The definition of Input Service Distributor (ISD) under Section 2(61) is revised to facilitate ITC distribution for inter-state supplies ...