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I. Useful Updates on Income Tax:

[ Contribution by : CA. Jignesh Kumar Parikh ]

i)  Important Judgements and Updates

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II. Useful Updates on GST:

[ Contribution by : CA. Bimal Jain ]

i)  HC’s judgment to prevail over CBIC Circular in case of contrary views by HC and the Circular

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ii) IT deduction cannot be claimed during re-assessment if not claimed in original assessment proceedings

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iii) Amendment in the TN VAT Act for rectification of an anomaly given retrospective effect

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iv) CESTAT set aside the penalty imposed by Revenue Department due to lack of evidence

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