Bombay High Court: S. 255 : Appellate Tribunal-Procedure-Functions-Duties-Pronouncement of orders-Tribunal cannot repeatedly release matters without delivering judgment-ITAT directed to strictly adhere to the time-limit prescribed under Rule 34 and pronounce orders within 60 days, or in exceptional cases within 90 days. [S. 254(1), 255(4), ITAT Rules, 1963, Rule 34(5)(c), Art. 226] The petitioner challenged the repeated release of… Read More ...

Mumbai Tribunal : S. 11 : Property held for charitable purposes-Registration granted during pendency of appellate proceedings-Benefit of exemption under sections 11 and 12 available for earlier assessment year-Matter remanded to Assessing Officer. [S. 12, 12AA, 250] The assessee-trust claimed exemption under sections 11 and 12. The Assessing Officer denied the claim on the ground that registration under… Read More ...

Mumbai Tribunal : S. 147 : Reassessment-Failure to dispose of objections to reopening by a separate speaking order before completion of assessment- Additional grounds-Reassessment void and liable to be quashed. [S. 69C, 143(3), 148] The assessee challenged the validity of the reassessment on the ground that although objections were filed against the reasons recorded for reopening, the Assessing… Read More ...

By Advocate Bharat Berry: The said article or blog is intended to ease the understanding of taxpayers that when they file the returns under Goods and Service Tax, how the said algorithm or tagging their return is judged and the neccessary components that are requisite while computation and tagging of the said return by the software, so the taxpayer… Read More ...

By CA Anilkumar Shah: This is the story of the glitches in the ITR and other forms for AY 2026-27 which were brought to the notice of the e-filing team and are resolved after pursuing and followup. This shows how time is consumed by the Dept. But tax payers and tax professionals suffer and are slapped with late fees… Read More ...

By Sujeet S. Karkala, Advocate (Dr. Sarhan Almuaini Law Firm & Legal Consultants): I. Introduction The UAE's introduction of a corporate tax regime, effective from 1 June 2023, was a calculated structural reform aimed at changing the country's policy and positioning itself as a global hub. By introducing various investment structures, including the recent introduction of Variable Capital Company (VCC) by the Dubai International Financial Center (DIFC), and… Read More ...