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.
Explore the Andhra Pradesh High Court judgment on New Morning Star Travels vs. Deputy Commissioner (ST). Analysis of GST assessment order implications.
Delhi High Court granted the bail to the petitioner (Chartered Accountant) under Prevention of Money Laundering Act 2022 based on the plea of the petitioner that he has acted on the basis of information and records provided by his client.
Supreme Court held that vicarious liability couldn’t be attracted under section 141(1) of the Negotiable Instruments Act, 1881 merely based on the reason that the person was in charge of the company at the time when the offence was committed. Accordingly, criminal complaint quashed.
Delhi High Court held that on account of lack of facts and material particulars, the relief as sought by the petitioner not granted. Concluded that if material facts are suppressed or distorted, the very functioning of writ courts and exercise would become impossible.
Explore complexities of DTA sales by Export Oriented Units (EOUs), rules governing such sales, IGST exemptions, and potential issues. Learn impact on businesses.
As individuals and businesses navigate through uncertainties, adapting tax strategies becomes crucial. This article delves into effective tax planning strategies tailored for the new normal.
Explore the PFRDA Circular on mandatory penny drop verification for NPS withdrawals and bank account updates, ensuring subscriber security and due diligence.
Explore challenges in the current ITC mechanism under GST, constitutional aspects, impact of insolvency, and a proposed solution using digital assets to streamline tax collections.
Madras High Court held that clause (xi) to Explanation to Section 153B of the Income Tax Act relating to the exclusion of the period taken for handing over seized material to the assessing officer is effective prospectively from 01.04.2021. Accordingly, prior assessment years are held to be barred by limitation.
