ITAT Mumbai permits a charitable trust to correct a filing error in its 12AB registration application, ruling that technical mistakes should not lead to rejection.
ITAT Pune held that deduction under section 54F of the Income Tax Act admissible even if assessee is shareholder in developing company and sale deed has been executed after a period of two years. Accordingly, appeal of revenue dismissed.
ITAT Mumbai restored the matter of addition under section 68 towards agricultural income since all facts and records for sales are not brought on record. ITAT directed assessee to demonstrate that sales made to parties are genuine.
ICAI announces the Draft Bank Branch Auditors’ Panel (MEF) 2024-25 for review. Applicants can check details and raise queries until February 5, 2025.
Corrigendum issued for Notification 05/2025 – Integrated Tax (Rate), correcting references in the Gazette of India dated 16th January 2025. Details updated for accuracy.
Notification 06/2025 revises customs tariff values for crude palm oil, RBD palm oil, gold, silver, and other commodities, effective 1st February 2025.
IBBI updates liquidation regulations, improving auctions, reporting, tax disclosures, and fund management. New rules enhance efficiency and transparency.
IBBI reviews a valuer’s report, stressing transparency in valuation methods. The order highlights compliance with disclosure rules for accurate assessment.
IBBI reviews valuation report compliance under Valuation Rules, 2017. The order highlights disclosure requirements and directs adherence to transparency norms.
Gujarat AAAR confirms 12% GST on DOMS stationery kits, ruling them as mixed supplies. Appeal against earlier Advance Ruling rejected.
