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Advisory on reporting values in Table 3.2 of GSTR-3B
Advisory on reporting values in Table 3.2 of GSTR-3BDec 5th, 2025
Table
3.2 of Form GSTR-3B captures the inter-state supplies made to unregistered
persons, composition taxpayers, and UIN holders out of the ...
Offences under Sections 276B, 278B and 278E – Delhi High Court Declines Quashing at Pre-Trial Stage
Offences
under Sections 276B, 278B and 278E – Delhi High Court Declines Quashing at
Pre-Trial Stage Dr. Manoj
Khanna v. Income Tax Officer, CRL.M.C. 7461/2025 (Delhi High Court, 2 December
2025) In a
sig...
Peak Cash Credit – A Fair Method to Determine Unexplained Cash Under the Income-tax Act
Peak Cash
Credit – A Fair Method to Determine Unexplained Cash Under the Income-tax Act The concept of
Peak Cash Credit is a judicially recognised method used by tax authorities and
courts to determine the real...
Concept of Materiality in Audit – Foundation, Purpose, and Practical Application
Concept of
Materiality in Audit – Foundation, Purpose, and Practical Application Materiality is
a fundamental concept in auditing that determines the significance of an
omission or misstatement in the financial...
Section 54F – Eligibility and Scope of Disqualification under the Proviso Clarification: Plots and Commercial Properties Do Not Trigger the Proviso
Section 54F
– Eligibility and Scope of Disqualification under the ProvisoClarification:
Plots and Commercial Properties Do Not Trigger the Proviso Section 54F of
the Income-tax Act, 1961 grants exemption from l...
Penalty under Section 270A – Whether Penalty Proceedings Can Continue When Quantum Appeal Is Pending Before CIT(A)
Penalty
under Section 270A – Whether Penalty Proceedings Can Continue When Quantum
Appeal Is Pending Before CIT(A) The
introduction of Section 270A by the Finance Act 2016 marked a shift from
the traditional r...
Addition under Section 56(2)(viib): Validity of DCF Method and Differential Premium — Tribunal Reiterates Binding Effect of Jurisdictional High Court Rulings
Addition under
Section 56(2)(viib): Validity of DCF Method and Differential Premium — Tribunal
Reiterates Binding Effect of Jurisdictional High Court Rulings ITAT Delhi:
Intermesh Shopping Network Pvt. Ltd. vs....
Deduction u/s 80IAC – Whether Delay in Filing Form 10CCB is Fatal?
Deduction
u/s 80IAC – Whether Delay in Filing Form 10CCB is Fatal? Scope of
Amendment to Section 80IA(7) – ITAT Delhi :FIVD India
Consulting Pvt. Ltd. v. DCIT, Circle 1(1), GurgaonITA No.
3877/Del/2025 | Ord...
Concept of Block of Assets under Section 32 of the Income-tax Act, 1961
Concept of
Block of Assets under Section 32 of the Income-tax Act, 1961 The shift from
asset-wise depreciation to the “block of assets” approach marked a significant
evolution in Indian tax depreciation law. ...
Role of Audit Evidence under SA 500 (Audit Evidence) Issued by ICAI in the Work of a Financial Auditor
Role of
Audit Evidence under SA 500 (Audit Evidence) Issued by ICAI in the Work of a
Financial Auditor Audit evidence
lies at the heart of the auditor’s responsibility to express an independent
opinion on fina...