Delhi High Court quashes income tax reassessment notices in case of Twylight Infrastructure Pvt Ltd due to absence of specified authority approval, emphasizing mandatory requirement.
Madras High Court closes the writ petition of Doss Sivakarthikeyan challenging an income tax notice after the successful processing and deposit of the refund amount.
ITAT Delhi directs reassessment as notice issued to individual, not HUF, in late Pitam Singh’s case. Analysis of the grounds and implications of the decision.
Madras High Court Rejects Bunching of Show Cause Notices to Extend Limitation Period: A Critical Analysis of Titan Company Ltd. Vs Joint Commissioner of GST & Central Excise
Charitable Registration cannot be cancelled even if gross receipts exceeds threshold limit prescribed in proviso u/s 2(15) of Income Act, 1961 and For that particular year alone, the assessee’s activities would not to be construed as charitable activities and assessee would be subjected to tax as a normal business assessee.
Discover the strategic collaboration between Google Pay India and NPCI International, aiming to propel UPI on the global stage, simplifying international transactions and transforming cross-border payments.
Explore frequently asked questions (FAQs) on the registration of a Fund Management Entity (FME) and authorization of a scheme or fund under IFSCA (Fund Management) Regulations, 2022. Get detailed insights into the application process, required documents, key executive details, financial statements, net worth, business plans, and more.
Discover advantages of LLP Registration – limited liability, tax benefits, and simplicity. Learn step-by-step incorporation, ensuring a smooth start for your business.
Explore amendments to Income Tax Section 43B for FY 2023-24 onwards. Understand impact on deductions, payment timelines, and compliance with Micro and Small Enterprises Development Act.
The petitioner, Akbar Ali Transport Services, was aggrieved by the lack of a show cause notice pertaining to the seizure of its vehicle, which was initiated under Section 129 of the GST Act. The court took cognizance of the fact that no specific notice was served on the petitioner before the truck was seized.
