ITAT Mumbai held that business restructuring entered into by an enterprise with its associated enterprise for eliminating duplicate corporate procedures falls within the ambit of “international transaction” as defined in section 92B of the Income Tax Act.
ITAT Delhi held that as non-renewal doesn’t amount to termination, accordingly, receipt of compensation on account of non-renewal of contract cannot be taxed under section 28(ii)(e) of the Income Tax Act.
Get the latest update from the Institute of Chartered Accountants of India regarding the rescheduling of May 2024 examinations due to Lok Sabha Election dates coinciding.
Explore the detailed analysis of the classification of Urea Injector by Customs Authority for Advance Rulings, Mumbai, including the submission, interpretation of law, personal hearing, and final ruling.
In re Endress+Hauser Flowtec (India) Pvt. Ltd (CAAR Mumbai) In a recent case concerning duty drawback, the Customs Authority for Advance Rulings (CAAR) in Mumbai has refrained from providing a ruling. The case involved M/s. Endress+Hauser Flowtec (India) Pvt. Ltd., seeking clarification on whether duty drawback could be claimed on the import of parts of […]
CBI arrests CGST Assistant Commissioner, Inspector, Income Tax Officer, Steno, and Bank Manager in separate bribery cases. Detailed analysis and updates on ongoing investigations.
Ministry of Power introduces Standards & Labeling Program for Grid-Connected Solar Inverter, aiming to reduce emissions, enhance quality, and empower consumers. Learn more.
Discover how the launch of ETHANOL 100 by Petroleum Minister Hardeep S Puri revolutionizes automotive fuel, reducing dependence on fossil fuels and promoting sustainability.
Introduction: On March 15, 2024, a significant milestone was achieved in the formalization journey of Micro, Small, and Medium Enterprises (MSMEs) in India. The total number of registered enterprises on the Udyam and Udyam Assist Platform (UAP) crossed 4 crore, marking a momentous achievement for the Ministry of Micro, Small and Medium Enterprises. Detailed Analysis: […]
Explore how the Ministry of Information & Broadcastings new Cinematograph (Certification) Rules, 2024 streamline film certification, enhance transparency, and empower the Indian film industry.
