Notification No. 29/2024-Central Excise rescinds six 2022 excise notifications in the public interest, effective immediately. Details on affected notifications inside.
CESTAT exempts Nokia India from service tax on sponsoring Kolkata Knight Riders in IPL, ruling that IPL qualifies as a sports event under tax laws.
The Ministry of Finance grants approval to IIIT Hyderabad for scientific research under the Income Tax Act, effective from 2024-25.
RBI urges banks to reduce inoperative accounts and facilitate easier activation, especially for beneficiaries of government schemes, with KYC updates.
IFSCA launches Informal Guidance Scheme to address legal and regulatory queries for businesses in IFSC from January 2025.
Karnataka HC orders fair hearing in property tax dispute, barring coercive actions against petitioner. Court emphasizes due process and rights in property cases.
ITAT Cuttack rules no delay in appeal filing under COVID-19 limitation extension. Case remanded to Assessing Officer for readjudication and fresh evidence review.
ITAT directs fresh examination in Ambasa Babansa Raibagi case due to PAN linking error, remitting the Rs. 25.66 lakh addition back to AO.
The Punjab and Haryana High Court ruled on tax notices under Section 148, setting aside the jurisdictional proceedings in the case of Fastway Citizen Cable Network.
Patna HC rules GST demands cannot be imposed on ex-directors for transactions post-resignation. Petitioners must clarify liability to Assessing Officer.
