ITAT Ahmedabad quashes reassessment of Specific Ceramics Ltd for FY 2008-09 due to non-issuance of mandatory notice under Section 143(2).
ITAT Ahmedabad ruled that an assessment is invalid if mandatory notice under Section 143(2) was not issued, highlighting Section 292BB’s limitations.
ITAT Rajkot rules on Girishbhai Nanjibhai Solanki case, addressing validity of reopening assessment and notice under sections 143(2) and 148 of Income Tax Act.
Circular No. 09/2024 raises monetary limits for tax appeals, promoting efficiency in the income tax system while ensuring focus on case merits.
The MOOWR scheme offers deferred duties, export benefits, and operational ease for manufacturers in India, aiding growth but facing practical challenges.
GST AAR Gujarat ruling on nonwoven coated fabrics: Classified under Chapter 39, not HSN 56031400 or Chapter 50. GST rate at 18% for specified products.
Gujarat AAR ruling on the GST classification of marine equipment, confirming that imported goods retain their initial classification for GST purposes.
Reminder to ICAI members to pay their membership fees for FY 2024-25 by 30th September 2024 and submit or update the Know Your Member (KYM) form.
Learn how articleship training under a Chartered Accountant equips CA students with practical skills, preparing them for exams and future career challenges.
