Stay updated with the latest policy changes. Ministry of Commerce and Industry amends Policy Condition 1 of Chapter 15 of ITC (HS) 2022, affecting imports of vegetable oils
Read about the adjudication proceeding under Companies Act 2013 against AIMS HI-RISE LIMITED for non-maintenance of registered office. Learn about the penalties and implications.
A proprietorship firm and the partnership firm even though the said proprietor was one of the partner in the partnership firm, both could not be a related person under section 2(41) of the Companies Act,1956.
Assessee was denied travel permission as it was a case related to arrest under the Prevention of Money Laundering Act, 2002 (PMLA Act) on 115 crores money laundering Case and assessee was seeking permission to travel abroad was allegedly to undergo, “Prophylactic Laser Retinopexy which was widely available in India, therefore, there was no ground to consider the prayer for travel abroad of assessee.
ITAT Visakhapatnam held that addition towards unexplained labour credits sustained as assessee failed to discharge the onus casted on it and failed to produce material evidence with respect to labour payments and material payments.
Delhi High Court held that the department after issuance of summons couldn’t arrest the respondent/accused unless warrants were issued by the Special Court on requisite grounds. The exercise of power of arrest by the department was totally unjustifiable. Accordingly, bail granted.
ITAT Mumbai held that disallowance of net prior period expenditure debited under the head ‘prior period expenses’ unsustainable as expenditure duly allowed in earlier years by the Tribunal.
CBDT notifies Telangana Building and Other Construction Workers Welfare Board for specific income under section 10(46) vide Notification No. 93/2023-Income Tax
CBDT notifies West Bengal Pollution Control Board for specific income under section 10(46) vide Notification No. 92/2023- Income Tax Dated : 26th October, 2023
Explore the recent Gujarat High Court judgment in PCIT (Central) vs. Swetaben Ghanshyambhai Patel regarding assessments and additions in the absence of incriminating material.
