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Explore significant changes introduced by Reserve Bank of India in Foreign Exchange Management (Debt Instruments) Regulations for 2023.
Get updates on recent promotions, fight against gold smuggling syndicates, and efforts to combat narcotics in latest newsletter from Central Board of Indirect Taxes & Customs.
Discover the penalty imposed by MCA on Shri Narayani Nidhi Limited for failing to mention Director Identification Numbers (DIN) in financial statements. Analysis and consequences outlined
Madras High Court held that initiation of proceedings for reassessment under section 147 of the Income Tax Act based on material already on record and without new/ tangible information is bad-in-law and liable to be quashed.
ITAT Delhi held that imposition of penalty under section 271(1)(c) of the Income Tax Act unjustified as voluntary deposit of tax was done before receiving notice under section 148 of the Income Tax Act.
ITAT Raipur held that imposition of penalty u/s. 271(1)(b) of the Income Tax Act within the time period contemplated in clause (a) of sub-section (1) to Section 275, i.e six months from the end of the month in which appellate order was received is duly justified.
ITAT Delhi held that assessee has placed sufficient evidences to discharge initial onus to explain the nature and source of loans. Accordingly, addition u/s. 68 of the Income Tax Act towards unsecured loan unjustified.
ITAT Jodhpur held that levying late fees u/s 234E of the Income Tax Act for delay in filing TDS return for 4th quarter of F.Y. 2012-2013 unwarranted as power to levy fees has come into effect only from 01.06.2015
Maharashtra Goods and Services Tax Authority makes changes in its lineup, appointing Shri. Ajaykumar Vaman Bonde as a member of Advance Ruling Authority.
CBDT amends rule 37BB and introduces Form 15CD for International Financial Services Centre (IFSC) unit remittances from January 1, 2024
