Delhi High Court held that determination as carried out by the Designated Authority under Direct Tax Vivad Se Vishwas Act, 2020 [DTVSV Act] is clearly rendered finality and cannot possibly be reopened or revised by any authority under the Income Tax Act. Accordingly, rectification notice issued u/s. 154 quashed.
ITAT Bangalore held that interest/ dividend from co-operative society is eligible for deduction u/s. 80P(2)(d) of the Income Tax Act. However, if payer bank is co-operative bank then deduction u/s. 80P(2)(d) is not available.
ITAT Jaipur upheld the deletion of Rs. 72 lakh addition, ruling that the assessee sufficiently explained the source of cash deposits made during demonetization.
Delhi High Court rules the indefinite sealing of Napin Impex’s premises by DGST illegal, ordering immediate de-sealing and clarifying statutory limits under CGST Act.
ITAT Chennai quashes penalty under sections 271(1)(c) and 271A for AY 2012-13 to 2016-17 in the Srinivasan Chandrasekara case, citing legal deficiencies.
Allahabad HC grants bail in fake invoice ITC fraud case, considering lack of evidence, jail period, and other factors. Bail subject to strict conditions.
Maharashtra AAR exempts hostel accommodations from GST under Notification 12/2017 for stays over 90 days, with some conditions. Learn more about the ruling.
Learn key aspects of drafting corporate resolutions under the Companies Act, 2013, ensuring legal compliance and effective decision-making for smooth governance.
Learn how to apply for an AGM extension in 2024 under the Companies Act, including application steps, reasons for extension, and penalties for non-compliance.
