Lateef Abdul Mohd. successfully challenges ITAT Hyderabad decision on cash deposit addition during demonetization, citing sales correspondence and legal precedent.
Alpha Corp Development files writ petition for prompt decision on rectification applications and refund. Delhi HC directs Revenue to act within eight weeks.
ITAT ruled that when sales are not in doubt, then 100% disallowance for bogus purchases cannot be made and relied on Hon’ble jurisdictional High Court in Nikunj Eximp Enterprises Pvt Ltd 372 ITR 619 (Bom) and Principal Commissioner of Income-tax vs M. Haji Adam & Co Income Tax Appeal No.1004 of 2016 dated 11/2/2019.
CBIC Notifies Rate of Exchange of Turkish Lira wef 29.06.2022 vide Notification No. 53/2022 -Customs (N.T.) Dated: 28th June, 2022
FSSAI Imports related directions on rectifiable labeling information for imported food consignments and import of Clove Stem – Instruction No. 10/2022-Customs
In a crucial decision, ITAT Delhi rules in favor of Nimit Kumar Aneja, allowing depreciation under section 32. Analysis of the case and its implications for carry-forward of WDV.
Ankit Ispat challenges 2.5% disallowance on purchases in Madras HC for 2014-15. Tribunal affirms CIT(A)’s decision. Court dismisses appeal.
As per the information gathered by me from news/media/notifications etc on new 4 Labour uniform codes few provisions are being implemented w.e.f. 1-7-22 by Central Govt and rest shall be notified by States as per their “State – Reforms of Labour Code” and dates for implementation shall be as per their state’s gazette notification, the […]
Fenner (India) Limited Vs ACIT (Madras High Court) High Court court is of the view that the Tribunal has rightly directed the assessing officer to exclude the royalty income from the business profits for the purpose of calculation of deduction under section 80HHC of the Act, which warrants no interference. FULL TEXT OF THE JUDGMENT/ORDER […]
Explore the detailed analysis of K. Uttamlal & Company vs ACIT case regarding disallowance of foreign exchange loss on buyer credit. Learn the legal perspective and the final verdict.
