ITAT Chennai held that addition towards unexplained investment under section 69 of the Income Tax Act unsustainable as source for purchase of property duly established with necessary evidences.
ITAT Chennai held that the scope of assessment after search u/s.153A of the Income Tax Act would be limited to the incriminating material/evidence found during the course of search.
Stay informed about the Surrogacy (Regulation) Amendment Rules 2023 introduced by the Ministry of Health and Family Welfare. Explore the latest changes and guidelines for surrogacy arrangements, including qualifications for Andrologists and surgical sperm retrieval procedures.
Get insights into the Vegetable Oils Grading and Marking (Amendment) Rules 2023 issued by the Ministry of Agriculture and Farmers Welfare. Learn about the new regulations for vegetable oils’ quality, fortification, additives, and compliance with food safety standards.
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Technical analysis software has become a crucial tool in oil trading, providing traders with predictive insights and enhancing decision-making. This article explores the role of this software in oil trading, detailing how it aids trading and the benefits it offers.
Gujarat High Court held that in absence of adequacy of reasons and its relevancy thereof, initiation of reassessment proceedings under section 148 of the Income Tax Act is erroneous and hence liable to be set aside.
ITAT Bangalore held that the loss arising in eligible SEZ-STPI undertakings are not required to be adjusted against the profits arising from other SEZ-STPI undertakings and the said loss can be adjusted against profits arising from non-SEZ-non-STPI units.
ITAT Ahmedabad held that when AO of searched person and other person is same, there is no mandatory requirement for AO of searched person to record satisfaction of material having found belonging to the person for valid jurisdiction under section 153C of the Income Tax Act.
Gain insights into the new tax provision impacting overseas travel and LRS, its exemptions, clarifications, and potential impact on travelers.
