Assessing foreign tax credit claim rejected due to Form 67 filing delay. The CIT(A) upheld disallowance for AY 2020-21. Tribunal reviews COVID-19 extensions.
ITAT Bangalore ruled on Deepak Shimoga Padmaraju foreign tax credit claim, denied due to late filing of Form 67 after the due date for the AY 2021-22.
A grieving mother’s letter to EY Chairman after the death of her daughter, Anna Perayil, highlights the toll of workplace stress and calls for change in company culture.
The Centre must establish a High Court Bench in West UP, addressing the long-standing demand to improve access to justice for over 10 crore citizens.
In this scene, we see someone diligently working away at a cozy café, laptop open, and a cup of coffee within reach. The warm lighting and blurred background suggest a peaceful evening of productivity. Whether it’s a last-minute project or creative inspiration striking after hours, this image captures the essence of late-night work in a bustling café.
CCI fines MMT-Go for anti-competitive practices, highlighting parity clauses and exclusivity. Learn about the impact on online intermediation and competition in India.
ITAT Ahmedabad held that invocation of section 263 of the Income Tax Act for issue of delayed payment of employees’ contribution to PF/ESIC justifiable as AO’s failure to examine has rendered assessment order erroneous and prejudicial to interest of revenue.
ITAT Ahmedabad held that disallowance of provision for leave encashment unwarranted as provision was not debited to the profit & loss account of the assessee but was inherited by the assessee on account of restructuring exercise of GEB.
ITAT Ahmedabad held that disallowance u/s. 36(1)(iii) of the Income Tax Act unjustified as interest-free funds exceeds loan to the subsidiary and loan was advanced for commercial expediency.
ITAT Ahmedabad held that the agricultural nature of the land at the time of sale is determinative, regardless of the buyer’s intended use. Thus, land sold was agricultural land and hence doesn’t attract capital gain.
