In the PCIT vs. Schaeffler India Ltd. case, the Gujarat High Court upholds section 35(2AB) deduction, stating that delayed intimation doesn’t negate it.
Explore the ITAT Delhi’s decision in Concentrix Daksh Services vs ACIT case. Understanding the applicability of concessional tax rates and the misconceptions.
Yashpal Jain Vs Sushila Devi & Others (Supreme Court of India) Introduction: The case of Yashpal Jain Vs. Sushila Devi & Others is a reflection of the challenges the legal system faces due to inordinate delays in the resolution of cases. It underscores the urgent need for timely justice delivery and the consequences of prolonged litigation. […]
Explore Almech Enterprises Vs. ACIT case. Learn why a cash shortfall in a survey compared to books doesn’t warrant an addition under section 69C of the Income Tax Act.
Learn about the archiving of UDINs by the Institute of Chartered Accountants of India. Discover the phased approach to ease server load and access archived UDINs
CGST Mumbai South Commissionerate arrests a fake GST invoice racketeer, uncovering a Rs. 263 Crore fraud involving Rs. 7.66 Crores fake GST Input Tax Credit. Details here.
Explore the RBI latest directions on presenting unclaimed liabilities transferred to the Depositor Education and Awareness (DEA) Fund in financial statements. Learn more
Explore the Reserve Bank of India directive on appointing Whole-Time Directors in private sector banks and wholly-owned subsidiaries of foreign banks, aimed at enhancing corporate governance
Receipts from providing information technology related support services could not be considered as royalty and/fees for technical services as while running the services, assessee had not made available any technical knowledge, experience, skill in terms of Article 12(4)(b) of the DTAA and as such, receipts in question were not FTS liable to tax in India.
Explore the recent CBDT order under section 119 of the Income-tax Act, 1961, outlining the roles and responsibilities of Pr.CCsIT and Pr. CCIT (NaFAC) with a focus on Faceless Assessment.
