Financial Intelligence Unit India issues compliance notices to 9 offshore Virtual Digital Assets Service Providers. Ministry of Finance acts against illegal operations. Details here.
Explore the Madras High Court’s judgment on CIT vs Tamilnadu Cooperative Housing Federation Ltd. Get insights into key tax implications and deductions under Section 80P of the Income Tax Act.
Artificial intelligence (AI) has become an integral part of our lives, revolutionizing various industries and transforming the way we interact with technology. From voice assistants to personalized recommendations, AI is making our everyday tasks more efficient and convenient.
Explore the Ministry of Finance’s Year Ender 2023, highlighting economic growth, global leadership, G20 achievements, sustainable finance, and major initiatives.
Explore the Ministry of Finance’s Year Ender 2023 report, detailing the Department of Financial Services’ achievements in reforms, NPAs, digital payments, and financial inclusion.
“Explore the significant accomplishments of the Department of Revenue, Ministry of Finance, in 2023. From tax collections to GST milestones, discover the year-end highlights.”
Bombay High Court rules in favor of taxpayers, affirming the right to interest on excess Equalization Levy refunds. Detailed analysis and implications.
The impugned notices and orders were issued by the respondents/revenue admittedly subsequent to the public announcement under Section 15 of the Code regarding CIRP process pertaining to assessee and it was only subsequent to approval of the Resolution Plan of the Tribunal that Revenue issued the impugned Assessment Order and Demand Notice.
Read the Kerala High Court judgment on Covenant Stones vs CIT, where the writ petition challenging the conditional stay on tax demand is dismissed. Analysis of undisclosed income assessment provided.
ITAT Hyderabad held that transfer of assets of the partnership to the retiring partners would amount to the transfer of the capital assets in the nature of capital gains and business profits which is chargeable to tax under section 45(4) of the Income Tax Act.
