Aspects of Indian Financial Laws

Synopsis of important case laws and articles in the field of Income Tax , GST , PF & ESIC, Labour Laws

Friday, March 7, 2025

The Delhi ITAT observed that any loose sheet found and picked u/s 132 have the same validity as defined in the meaning under section 132(4).

Therefore, the loose sheets have evidence value and addition on the basis of that loose sheet is justifiable.

DCIT Vs Indian Hydro Electric Power Pvt. Ltd. (ITAT Delhi) No Incriminating Evidence, Only Excel — ITAT Deletes ₹25 Cr Addition in Moser...

May the Department disallow ITC on the Goods Purchased from Such Person whose registration was subsequently cancelled???

Ms. Vidya Drolia vs. The Union of India This particular case was based on the theory of ‘vested right’ in ITC. The appellant, M/s Vidya D...
Interest & Penalty on wrongly availed ITC, but not utilized:

M/s Aathi Hotel vs. Assistant Commissioner (ST), 2021 In the instance case, the petitioner challenged the leavy of interest and penalt...
MANDATORY REGISTRATION AS INPUT SERVICE DISTRIBUTOR( ISD) FOR MULTIPLE GSTN UNDER SAME PAN

Starting from 1st April 2025, a new GST rule will be applied, GST-registered businesses with multiple GSTINs under the same PAN must regi...

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