Vide the present appeal, the assessee has challenged only two issues regarding disallowance of Rs. 1,99,291 towards motor car & Rs.29,345 on motor bikes; and adhoc disallowance towards salary, rent, machine charges & bonus.
Delhi High Court held that initiation of reassessment proceedings under section 148 of the Income Tax Act unsustainable as impugned notice issued in the name of dead person.
CA Gaurav Kumar Bedi found guilty of professional misconduct by ICAI’s Disciplinary Committee, resulting in a one-year membership suspension and a Rs. 1,00,000 fine for audit failures.
CESTAT Ahmedabad rules that oil in bunker tanks is integral to vessels, affecting customs duty. Appeals allowed following Supreme Court’s decision.
ITAT Ahmedabad sets aside an order under Section 144 of the Income Tax Act after a notice was sent to the wrong address. Case remanded for fresh adjudication.
ITAT Delhi rules that subscription fees from cloud services are not taxable as royalty under the India-Ireland DTAA.
ITAT Delhi restores the appeal of Afzalgarh Mahavidyalya to the AO for fresh adjudication due to the assessee’s failure to provide relevant information.
West Bengal extends WBGST audit completion deadline to October 30, 2024, for cases commenced between July 1 and July 30, 2024.
Calcutta HC remands GST case after consultant’s failure to inform petitioner of SCN. The court set aside the order u/s 73(9) CGST Act, for fresh consideration.
IFSCA introduces a Single Window IT System for application processing in GIFT IFSC, simplifying registrations with various regulatory authorities.
