The 18th Customs Consultative Group meeting discussed trade issues. Vigilance Awareness Week focused on integrity, with highlights on recent gold smuggling case.
CBIC amends Customs notification, omitting specific port entry in Maharashtra. Effective from 11th Nov 2024 under Notification 76/2024-Customs (N.T.).
India imposes anti-dumping duty on Epichlorohydrin imports from China, Korea, and Thailand to protect domestic industry, effective for five years from notification date.
ITAT Mumbai held that matter regarding addition under section 68 of the Income Tax Act remanded back for fresh consideration directing appellant to file all documents/ details and supporting evidence explaining source of cash deposits.
ITAT Visakhapatnam held that the cooperative society is eligible for deduction U/s. 80P(2)(a)(i) of the Income Tax Act on the interest income received from investment in banks. Thus, appeal allowed.
The assessee filed the return of income declaring a total income of Rs. Nil. However, AO completed the assessment u/s. 143(3) read with Section 144B determining the assessed income at Rs. 3,37,97,789/-.
Regional Director reduced penalty on auditor of Supreme Gridtech Pvt. Ltd. from ₹70,000 to ₹35,000 for non-compliance under Companies Act, 2013.
Explore India’s environmental laws, key issues, and challenges in enforcement. Learn about legislative frameworks, judicial interventions, and obstacles in sustainable development.
Explore the updated income tax slabs for FY 2024-25, comparing the new and old regimes, including deductions, rebates, and surcharge details.
According to Section 103 of the CGST Act, unless an AAR ruling is challenged through an appeal, it remains legally enforceable, limiting the scope for the issuance of further show cause notices that contradict such rulings.
