CBDT introduces Rule 21AHA & Form 10-IFA for exercising option under Section 115BAE(5) of Income Tax Act, 1961. Learn the rules, process, and significance.
IBBI has canceled registration of an Insolvency Professional (IP) for failing to disclose involvement in legal proceedings initiated by Enforcement Directorate (ED).
Check out revised interest rates for Small Savings Schemes in India for the period from October to December 2023, as per Ministry of Finance.
Government of India amends Customs notification No. 55/2022 to provide export duty exemption for Bangalore Rose Onion. Learn about the changes in this notification.
Read about the NFRA order against CA Aabhas Tiwari for professional misconduct in DHFL audit, including penalties and debarment details.
Discover amendments introduced by Notification No. 14/2023 – Integrated Tax (Rate) to address specified actionable claims, effective from October 1, 2023.
CESTAT Hyderabad held that CENVAT Credit on inputs used for fabrication of capital goods like pollution control equipment, heating furnace, casting machine, coating machine, chimney, rolling machine, reheating machine, control panel, etc. is eligible.
Notification No. 11/2023 – Central Tax (Rate) introduces amendments to Schedule IV, addressing specified actionable claims, effective from October 1, 2023.
ITAT Kolkata held that when original return filed was defective and such defect is removed u/s. 139(9) of the Income Tax Act, the return filed u/s. 139(1) becomes a valid return from the date when it was originally filed. Accordingly, set off business income with carry forwarded business loss allowed.
CESTAT Ahmedabad held that as investigating officers failed to comply with conditions of section 36B of the Central Excise Act with respect to obtaining certificate prior to relying upon the computer printout. Hence, demand set aside as based on unauthenticated data.
