ITAT Visakhapatnam held that denial of deduction under section 54F of the Income Tax Act merely because date of registration was beyond the stipulated period as entire consideration paid within the stipulated period.
Explore the role, types, and legal implications of bank guarantees in India, including a case study on Hindustan Steel Works vs Tarapore & Co. (1996).
Rajasthan HC declares environment protection integral to Right to Life under Article 21, urging preservation of rivers and water bodies against encroachment.
Learn about Form 12BAA, introduced for employers to credit TCS for employees, ensuring accurate TDS calculation and easing tax compliance.
KSCAA highlights critical issues on India’s Income Tax Portal, impacting timely filings for returns and TDS with glitches, timeouts, and download failures.
The CBDT extends the Income Tax Return due date for AY 2024-25 to November 15, 2024, as per Circular No. 13/2024 issued on October 26, 2024.
While the prosecution alleged a massive ITC fraud involving multiple shell companies, the lack of documentary proof ultimately led the court to favour the bail.
Assessee received a notice under Section 148A(a) in name of M/s.Patel Govindbhai Somabhai and Company-a partnership firm having PAN No.AAFFP3449M for Assessment Year 2019-20.
Explore the functions of ITAT and the procedures for filing Special Leave Petitions in India, covering essential requirements and timelines.
AGFTC and ITBA urge the issuance of standardized guidelines for GST adjudication to enhance clarity, reduce litigation, and ensure fair, efficient tax administration.
