Gyandeep Charitable Trust’s appeal against the denial of exemption under section 11 of the Income Tax Act, due to a delay in filing Form 10B, is upheld by ITAT Ahmedabad, citing procedural nature.
Mumbai ITAT invalidated the assessment against Good Shepherd Church due to reopening based on incorrect grounds. Get insights from the detailed analysis of the case.
Mumbai ITAT’s ruling on Colorplus Realty Limited vs. Dy. CIT case regarding deduction u/s 80IB for compensation received from insurance company for destroyed goods before sale.
Ahmedabad ITAT rules that if identity, creditworthiness, and genuineness of transaction are established, loans from shell companies can’t be treated as unexplained under section 68.
Delve into Section 43B(h) of the Income Tax Act, 1961, focusing on its impact on timely payments to MSEs, with illustrations and key takeaways for businesses.
The Ministry of Corporate Affairs (MCA) recently imposed a Rs. 20000 penalty for a Rs. 190 error in an eform PAS-3. Learn more about the implications and regulatory framework of this case.
Explore SEBI’s recent amendments on privately placed InvITs pricing methodology. Understand its implications, criticisms, and the promising future of InvITs in India.
Learn how to activate your UAN with our easy step-by-step guide. Access various EPFO services like checking PF balance, updating KYC, and more securely.
Discover the key GST updates from Interim Budget 2024, focusing on mandatory ISD registration and penalties for tobacco manufacturers’ non-compliance with machine registration.
Discover why loading/unloading services for imported pulses like Toor, Whole Pulses, and Black Matpe don’t qualify for GST exemption under serial 54(e).
