Insight Instruction No. 79 details procedures for managing high-risk PAN cases in the Insight portal, guiding tax officers through the verification and assessment processes.
Madhabi and Dhaval Buch address Hindenburg 2024 allegations, clarifying personal investments, roles, and transparency, while refuting claims linking them to SEBI actions.
IRDAI circular on 12th August 2024 updates KYC requirements for insurers, reflecting amendments in the Prevention of Money-Laundering Rules.
Learn about Section 270A introduced in Finance Act 2016, effective from April 1, 2017, outlining penalties for under-reporting and misreporting of income.
Gujarat HC sets aside the rejection of a GST registration revocation application, directing fresh consideration by the State Tax Officer within 12 weeks.
Gujarat HC quashes VAT order and penalty notice against Malani Construction. The court demands detailed reasoning in the fresh order for fair assessment.
IBBI disciplinary order finds Mr. Vijendra Kumar Jain guilty of negligence and failure in handling claims under CIRP, with implications for insolvency process management.
Assessee, a resident of USA, filed his return claiming refund of Rs.58,57,820/-. During assessment year, assessee had sold two properties for consideration of Rs.1,95,00,0000/- and Rs.72,36,552/- respectively.
ITAT Ahmedabad held that addition merely on the basis of retracted statement without any incriminating material seized from assessee’s premises is unsustainable in law and liable to be quashed.
UIDAI’s specified income receives tax exemption for AY 2024-2025 to 2028-2029 under Income-tax Act, 1961, as per the latest CBDT notification.
