Follow Us:

Archive: February, 2024

Posts in February, 2024

Methodology for calculation of green credit in respect of tree plantation

February 22, 2024 2052 Views 0 comment Print

Explore the Ministry of Environment’s methodology for calculating green credit through tree plantation. Learn the process, requirements, and environmental impact under the Green Credit Rules 2023

Sec 149(1)(a) Limitation of 3 Years Inapplicable for Escaped Income Over Rs. 50 Lakhs

February 22, 2024 3927 Views 0 comment Print

Kerala High Court rules: Limitation period of 3 years under Section 149(1)(a) of Income Tax Act not applicable when income escaped assessment exceeds Rs.50 lakhs. Full judgment analysis here.

HC condones delay in invoking proviso to Rule 23 of CGST Rules

February 22, 2024 783 Views 0 comment Print

Orissa High Court condones delay in invoking proviso to Rule 23 of CGST Rules on payment of tax, penalty, and interest. Full judgment analysis here.

IRDAI Penalizes Dealmoney Securities for Regulatory Breaches

February 22, 2024 1645 Views 0 comment Print

IRDAI imposes a Rs. 2 crore penalty on Dealmoney Securities for violations of corporate agent regulations and lack of governance. Read the full analysis.

IRDAI Bars Confiance Reinsurance Broker for 2 Years

February 22, 2024 1387 Views 0 comment Print

IRDAI prohibits Confiance International Reinsurance Brokers for violations and issuing forged reinsurance slips, impacting TATA-AIG and the insurance market.

Assessee Can Claim TDS Deduction in Year Income is Reported for Tax

February 22, 2024 2277 Views 0 comment Print

ITAT Ahmedabad allows TDS deduction for Adroit Structural Engineers Pvt. Ltd. on income offered to tax, despite non-reflection in Form 26AS. Full judgment analysis here.

Cash deposit outside relevant assessment year cannot be considered for assessment

February 22, 2024 870 Views 0 comment Print

Discover the ITAT Hyderabad’s ruling on assessing cash deposits outside the relevant assessment year in the case of Rakesh Reddy Keshanna Vs ITO.

Kerala HC Orders Fresh Decision: PrCIT’s Oversight of Written Submissions

February 22, 2024 498 Views 0 comment Print

Kerala High Court directs a fresh decision by Principal Chief Commissioner of Income Tax as prior order overlooked petitioner’s written submissions. Full judgment details here.

Government incentive/Subsidy towards Investment Promotion is capital receipt

February 22, 2024 2659 Views 0 comment Print

ITAT Chennai’s ruling on government subsidies as capital receipts in DCIT Vs Saint-Gobain India Pvt. Ltd., impacting investment promotion.

Correct application of ‘source’ principle: Ardmore Construction Ltd v HMRC [2018] EWCA Civ 1438

February 22, 2024 1077 Views 0 comment Print

Analyzing the Ardmore Construction Ltd v HMRC case on the UK’s “source” principle in taxation, highlighting the court’s stance on income origin for tax purposes.

Search Post by Date
July 2026
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031