Introduction: In a significant development for exporters, the Government of India, through the Ministry of Finance’s Department of Revenue, has released a Public Notice regarding the revision of All Industry Rates (AIRs) of Duty Drawback. This update, dated October 27, 2023, outlines essential changes and clarifications concerning Duty Drawback rates and their implications for the […]
NPCI introduces Hello! UPI, enabling voice-assisted UPI transactions, onboarding, alerts, and more. Explore guidelines and updates for seamless digital payments.
Get the latest update on the Dearness Relief for Central Government pensioners and family pensioners. Learn about the revised rates effective from 01.07.2023
CESTAT Chennai held that coverage of activity of Postweld heat treatment/ stress relief heat treatment as within the definition of ‘Technical Testing and Analysis Service’ needs re-consideration as appellant doesn’t issue any report certifying quality of goods.
ITAT Raipur held that revisionary proceedings cannot be termed as illegal or not maintainable when the assessee have not responded and remain non-compliant in explaining his case before the PCIT.
Learn about the Companies (Prospectus and Allotment of Securities) Second Amendment Rules, 2023. Explore changes, impacts, and compliance for private and public companies.
Since assessee could not explain how the expenses which were claimed by assessee in the closing stock was allowable i.e., provision in regard to freight expenses payable and labour charges payable.
ITAT Delhi held that invocation of revisionary power u/s. 263 of the Income Tax Act unjustified when AO has exercised its quasi-judicial powers and arrived at a conclusion with reasonable application of mind.
Stay updated with the latest Ministry of Corporate Affairs notification. Learn about the Companies (Management and Administration) Second Amendment Rules for 2023 and the key changes they bring.
ITAT Indore held that the credit of the tax collected at source should be given to the person in whose hands the income is rightfully and finally assessed to tax in accordance with law, irrespective of the person in whose hands the TDS/TCS certificate has been issued at first place.
