ITAT Mumbai held that denial of exemption under section 10(23C)(vi) of the Income Tax Act justified as assessee has been found to be not ‘existing’ solely for the purposes of education.
Reserve Bank of India (RBI) releases an updated Alert List of unauthorized Forex trading platforms. Stay informed to safeguard your investments.
Delhi High Court held that invocation of provisional attachment provisions u/s 83 of the CGST Act for securing the revenue of another taxable person (and not for the interest of government revenue) is unsustainable in law.
Explore e-Appeals Scheme, 2023 launched by CBDT and gain insights into related joint and additional commissioner appointments across India.
Learn about OIDAR services and their impact on the Goods and Services Tax (GST) in India. Discover the GST registration process for OIDAR service providers based in India and those located outside the country
ITAT Indore held that the deeming fiction created in section 50C cannot be extended to the provision of section 69 or 69B or any other of the Act in the case of purchaser to make the purchaser liable for tax.
Explore the landmark ruling by ITAT Pune on deductions for interest income from deposits with a nationalized bank, as illustrated in the Subordinate Engineers Association MSEB Co.op. Credit Society Ltd Vs ITO case.
Explore the Amnesty Scheme for Advance Authorization and EPCG License holders provided by the Government. Regularize pending cases of export obligation default by paying applicable Customs duty with capped interest. Eligible holders can benefit from this one-time opportunity, redeeming their licenses without penalties. Learn about eligibility, benefits, and the application process. Act now and seize this chance for compliance regularization.
A detailed analysis of the process of demergers under the Companies Act in India, highlighting the purpose, procedure, approval process, consequences, and compliance requirements.
ITAT Delhi held that as the original return was only processed u/s 143(1), AO can duly initiate re-opening of proceedings under section 147 of the Income Tax Act so as to bring the escaped income into tax.
