ITAT Pune held that invocation of revisionary jurisdiction u/s. 263 of the Income Tax Act unjustified when AO examined the claim and took one of the plausible views and hence the assessment order cannot be termed as an “erroneous”.
Explore GST AAR Chhattisgarh’s ruling on Hitachi Energy India’s service supply, classifying it as a composite works contract at 18% tax rate.
MCA allows companies to conduct Annual General Meetings (AGMs) for 2024 through Video Conference (VC) or Other Audio Visual Means (OAVM). Details and implications.
Explore comprehensive guide to patent licensing and compulsory licensing in Saudi Arabia. Learn about legal framework, types of patents, voluntary and compulsory licensing, recent developments, and role of SAIP in promoting innovation and protecting public interests.
Explore landmark decision reshaping legal landscape as Patents Act takes precedence over Competition Act in patent-related disputes. What it means for innovators and competition.
Don’t miss the Sep 30 deadline to update Mutual Fund (MF) folio nominations. Learn the process, importance, and consequences of not adding nominees.
Learn about GST Section 161 for error rectification in records. Discover what constitutes errors, who can rectify them, and the associated time limits. Get clarity now!
In this article, we discuss case of Hasmukh Kanjibhai Tadhani Vs ITO (ITAT Surat) involving cash deposits during demonetization, with detailed analysis and outcome
Cash deposited during demonetization can’t be unexplained if taxpayer has a history of cash sales and no discrepancies found in books.
Read Supreme Court judgment in Sree Durga Distributors vs. State of Karnataka on taxation of dog and cat feed under Entry 5 of Karnataka VAT Act.
