The Supreme Court on Thursday directed that if a suit involves claims of cash payment of ₹2 lakh or more, the court concerned ...

In a recent judgment, the Mumbai Income Tax Appellate Tribunal (ITAT) ruled that such an exchange cannot be taxed under ...

Bombay High Court, in the case of Nirmal Lifestyle Developers Pvt. Ltd. vs. Union of India & Others, granted interim relief ...

Homeowner wins against the income tax dept after a 9 years fight about imposition of Rs 1.42 crore short term capital gains ...

Experts say that the judgment means anyone who has accepted such a cash payment will now think twice before filing a case in ...

Assignment of leasehold land by GMI to HMIL is taxable under GST, as ruled by Maharashtra's Authority for Advance Ruling.

2. Implications under Section 271DA: As per the law, receiving cash payments above ₹2,00,000 attracts a penalty equal to the amount received. Though the penalty is on the recipient, the Court ...

NRO accounts are less restrictive for Indian rupee transactions compared to other types of accounts available to NRIs in ...

The Maharashtra Authority for Advance Rulings (AAR) held that General Motors India is liable to pay 18% GST on the assignment ...

The Karnataka High Court stated that value of land under works contract is not exigible to VAT. The Division Bench of ...

The Court ruled that whenever any suit is filed claiming that a consideration of Rs. 2 Lacs or above is paid towards a ...