ITAT Bangalore held that interest income received from co-operative society or co-operative banks is eligible for deduction under section 80P(2)(d) of the Income Tax Act. Accordingly, matter restored to AO to examine the source of interest income.
Kerala High Court held that order simply proceeded due to non-submission of reply to show cause notice issued under section 74 of the CGST/SGST Act not justified. Accordingly, matter restored back for fresh consideration.
If the authorities decide not to entertain the said request, he shall give detailed reasons as to why the said order is being made. Further proceedings, pursuant to DRC- O7 notice dated 02.01.2024 shall be kept in abeyance.
Respondent was appointed in the kitchen of the petitioner, on acts of theft, misappropriation and fraud, articles of charges were issued. Notably, it is alleged that a Safal brand one litre oil sachet was found hidden on the tank bag of his two wheeler.
ICAI announces a complete ban on canvassing 24 hours before and during polling for the 2024 Council and Regional Councils elections.
This article focuses on the modes of acquisition namely the acquisition of businesses and the acquisition of shares under its ambit. It brings out the salient features, advantages, and disadvantages of each method with respect to their implications among others, like legal, taxation, and regulation.
ICAI issues 2024 election instructions for candidates, emphasizing a fair process, including polling day restrictions, authorized representatives, and prohibited actions.
Madras High Court quashes refund rejection order for lack of detailed information in SCN, emphasizing the principle of fair hearing under Audi Alteram Partem.
IFSCA renews recognition for India International Bullion Exchange as Bullion Exchange and Clearing Corporation until Dec 2025.
ITAT Vishakhapatnam condoned 102 days in filing of an appeal before CIT(A) and remanded the matter back to CIT(A) with an observation that sufficient cause should receive liberal construction to advance substantial justice.
