Tribunal allowed a claim of Rs. 49.5 crore in the interest of Principle of Natural Justice after finding that the respective authorities failed to appreciate the amended provision of Section 36(1)(iia) of the Income Tax Act, 1961, resulting in the denial of an additional depreciation claim.
Kerala High Court provides interim relief to taxpayer against recovery proceedings under Income Tax Act. Details of judgment and implications discussed.
Madras High Court sets aside an assessment order, allowing the taxpayer to reply to a show cause notice regarding discrepancies in GSTR 3B and GSTR 2A.
Read the detailed analysis of the Insolvency and Bankruptcy Board of India’s disciplinary action against Ms. Jovita Reema Mathias for her role as a liquidator.
CBIC Extends Due Date of Furnishing GSTR-1 for March 2024 to 12th April Due to Technical Issues on GST Portal vide Notification No. 09/2024 – Central Tax Dated: 12th April, 2024
Get clarity on fulfilling export obligations of Advance Authorisation (AA) by physical exports or domestic supplies. Read the policy circular for detailed guidelines.
AGFTC & ITBA highlight issues with GST portal downtime on 10th and 11th April 2024, urging prompt action from authorities.
