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“Borrowed Satisfaction” in Section 148 Reopening: How RMS-Flagged Cases Are Being Quashed by Courts (2024-25 Update)
The reassessment provisions under the Income Tax Act have long been a battleground between taxpayers and revenue authorities. At the heart of recent litigation lies a critical ques
Income Tax Department Imposes ₹23 Crore Penalty on ACC Limited: A Comprehensive Analysis of Tax Compliance and Penalty Provisions
Introduction The Income Tax Department recently imposed a substantial penalty totaling ₹23.07 crore on ACC Limited, one of India’s leading cement manufacturing companies cu
The Evolution of Indian Taxation: From Ancient Foundations to Modern GST Regime
Introduction The Indian taxation system represents one of the world’s oldest and most evolved fiscal frameworks, tracing its origins from ancient scriptural texts to the mode
