The issue was whether entire alleged bogus purchases should be added as income after a search assessment. The Tribunal held that where consumption and records are not disputed, only the profit element ...

When untamed, tuberculosis was called “ consumption .” The name captured the horror of a disease that seemed to eat away the ...

December is a notable time for fragrance. The month accounts for one-quarter of the high-end perfumes, colognes, body mists ...

The Michigan Department of Labor and Economic Opportunity (LEO) has awarded $25 million in the latest round of Going PRO ...

This case analysis explains why loose papers are not treated as books of account. Tax liability cannot arise solely from unverified jottings lacking linkage to real ...

The Centre's direct tax revenue is up 8% this fiscal year, partly helped by lower refunds. Corporate tax collections grew ...

Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on personal finance, marketing, and the impact of technology on contemporary arts and culture.

SEBI's move to unbundle statutory levies from mutual fund TER aims for transparency, but Feroze Azeez of Anand Rathi Wealth ...

In light of recent modifications to the GSTR-9 and GSTR-9C forms, chartered accountants are advocating for a three-month ...

The Goods and Services Tax (GST) framework has robust enforcement mechanisms, one of the most impactful being the provisional freezing of bank accounts during investigations relating to suspected tax ...

TIRUPATTUR: A senior resident of Ambur on Thursday expressed his helplessness after being unable to receive the pension he relies on, as his bank account was allegedly frozen following a GST fraud ...

To ensure the integrity of tax collection, the GST department can provisionally seize a taxpayer's bank account. This precaution is crucial during probes into suspected tax evasion or fraudulent ...