Comfort Polymers Pvt. Ltd. wins the case against CCE- Jammu at CESTAT Chandigarh. CENVAT credit on destroyed goods is allowed as per Rule 3(5B) and 3(5C) of Cenvat Credit Rules, 2004.
The Bombay High Court upheld the income tax deduction under Section 80IA(4)(iii) for an Industrial Park project. The court considered the approval granted by the Ministry of Commerce and Industry and rejected the AO’s disallowance based on an erroneous report.
The Madras High Court orders the provisional release of a seized car and cash in the case of Eburamusa Sherif vs. Principal Commissioner of Customs. The court sets certain conditions for the release.
Read about the Maharashtra Goods and Services Tax (Amendment) Act 2023, its key changes to the GST Act, and its implications for taxpayers in Maharashtra. Stay updated with the latest tax amendments.
Decision-makers therefore cannot simply wish away the uncertainty of outcomes from the choices they make. They have to develop strategies that specifically address the challenges. This would involve multiple interacting variables; thinking that would cover a full spectrum of different experiences and scales and predict the future with varying levels of certainty.
Govt amends De-Oiled Rice Bran export policy from ‘Free’ to ‘Prohibited’ until 30th November 2023. Read Notification No. 21/2023 DGFT details here.
ITAT Delhi quashes reassessment proceedings for AY 2009-10 in the case of Agroha Fincap Ltd. The approval u/s 151 of the Income Tax Act was found to be defective and without due application of mind.
Explore special tax provisions applicable to Non-Resident Indians (NRIs) under Chapter XII-A of the Income Tax Act, including tax rates, exemptions, and options after becoming a resident.
JNCH announces a new procedure to prevent pilferage from suspicious containers. Starting 01.08.2023, CSD officers will seal containers with customs seals after scanning
In response to concerns over anti-competitive practices by major tech companies, the Union government has decided to introduce an online audit mechanism under the Goods and Services Tax (GST) system.
