Central Board of Direct Taxes (CBDT) has recently issued a crucial notification concerning the payment of interest on loans to Non-Banking Financial Companies (NBFCs) under Section 43B(da) of the Income Tax Act. This notification, dated September 22, 2023, brings forth significant implications for both NBFCs and borrowers. Ministry of Finance (Department of Revenue) (Central Board […]
Explore recent notification (No. 79/2023) from Ministry of Finance regarding classification of non-banking financial companies (NBFCs) for income tax purposes.
Ministry of Mines introduced amendments to Atomic Minerals Concession Rules, 2016. Learn about changes, penalties for non-compliance, and their impact on mining activities.
Ministry of Home Affairs (MHA) has updated the Foreign Contribution (Regulation) Rules. NGOs must now report details of movable and immovable assets created from foreign contributions. Learn more about these changes.
CESTAT Ahmedabad’s ruling on excise duty for physician samples sold to dealers for free distribution to doctors. Analysis of Sun Pharmaceuticals vs. C.C.E. & S.T.-Vadodara-ii case.
Delhi High Court’s interpretation of Section 10A(5) of the Income Tax Act regarding eligibility for deduction when audit report is filed before assessment.
Allahabad High Court’s ruling on ITR filing delay after 20 years. Analysis of Sri Kailash Chand Agarwal vs. Principal Commissioner case.
CESTAT Chennai ruling on classifying magnesite collection as mining services. Analysis of KRSS Manpower Service vs. Commissioner of GST & Central Excise.
The Calcutta High Court addresses a writ petition concerning the election of Sthayee Samity members in the Raniganagar-II Panchayat Samity amid political tensions.
Read the full text of the ITAT Delhi order in the case of DCIT vs. Sarva Haryana Gramin Bank regarding penalty under Section 271(1)(c) of the Income Tax Act.
