Gujarat High Court dismissed the allegation of sale of High Speed Diesel to various private industries at concessional sales tax without complying with the mandatory requisite permission from the Ministry of Petroleum & Natural Gas. The said allegations were dismissed in absence of any evidence.
Iqbal Singh HUF Vs DCIT (ITAT Chandigarh) Non-compliance with order of CIT (Appeals) cannot be sole reason to allow an addition on taxpayer
Alternative Dispute Resolution Act of Bhutan 2013 covers the International and Domestic commercial arbitration and negotiated settlements conduced within the Kingdome of Bhutan. It also covers the provisions regarding the recognition and enforcement of arbitral awards including foreign arbitral awards.
ITAT Cochin order for Karalam Service Co-operative Bank Ltd Vs ITO. Order was set aside due to CIT(A) failing to provide reasons for decision on issues raised by assessee.
Read Instruction No. 113 issued by the Government of India’s Ministry of Commerce & Industry, Department of Commerce, SEZ Division. The instruction aims to streamline the compliance process for SEZ units by eliminating the need for physical copies of SOFTEX forms and invoices, promoting ease of doing business.
Key recommendations from the 50th GST Council Meeting: Changes in tax rates for various goods/services, trade facilitation measures, and compliance streamlining. Stay informed on the latest GST updates.
Reviewing the landmark UK Supreme Court decision in Barclays Bank UK PLC vs Philipp case. Analysing its global implications on bank liability in cases of fraudulent transactions.
The ITAT Bangalore has allowed the appeal of Dunichand Khitri Raja against the disallowance of a claim for deduction under section 80-IA of the Income Tax Act. The ITAT held that the delay in filing Form 10CCB, due to technical glitches beyond the assessee’s control, should not bar the claim of deduction.
ITAT Delhi dismissed appeal of S K G Traders P Ltd against disallowance of employees’ contribution to Provident Fund/ESIC under section 36(i)(va) read with section 43B of Income Tax Act. The ITAT upheld disallowance, citing judgment in Checkmate Services case.
Karnataka High Court held that blocking order under Section 69A of the Information Technology Act, 2000 blocking the tweets/accounts for an indefinite period are unassailable on the doctrine of proportionality.
