Courts hold that retrospective cancellation of a supplier’s registration alone is insufficient to deny ITC. Authorities must prove lack of transaction genuineness or buyer ...

Income-tax Rules: The Income Tax Department has released draft Income-tax Rules, 2026, effective April 1, 2026, simplifying ITR filing forms and procedures. These draft rules, open for public feedback ...

Since the reassessment notice was barred by limitation, the tribunal did not examine capital gains issues on merits. The ...