CAT directs CBDT to review transfer policies for Group B & C employees, ensuring fairness and alignment with Group A guidelines. Decision expected in six months.
Learn about advance tax, who needs to pay it, due dates, payment methods, penalties, and exceptions. Understand advance tax installments and how to check payment status.
Explore the rising household debt, declining savings, and liquidity crisis in the Indian economy. Uncover causes and implications for growth and stability.
Delhi High Court held that provision of section 292B doesn’t include passing of order u/s. 148 overlooking error apparent on the face of the record. Thus, order passed overlooking error is liable to be set aside.
This is because the granite blocks, which had been exported by the petitioner, were zero rated goods and consequently, the relevant date would be explanation 2 (a) (i) to Section 54 (14) of the CGST Act.
The bench stated that Tribunal after concluding that the BCCI’s Appeal before it “was not maintainable”, exceeded its jurisdiction in recording the above observations virtually upholding the impugned communication/order.
India updates pet import rules under the Live-stock Importation Act, 1898. Final quarantine clearance for pet dogs and cats now issued at entry ports.
ITAT Lucknow held that addition by calculating sales on hypothetical basis and completely ignoring various evidences submitted during course of assessment proceedings is unjustifiable. Accordingly, appeal allowed and addition is deleted.
ITAT Chennai held that addition under section 69A of the Income Tax Act towards unexplained money not legally sustainable since nature and source of cash deposits duly explained. Accordingly, addition is liable to be deleted.
GST AAAR Tamil Nadu dismisses Tamilnadu Medical Council’s appeal citing pending investigations under Section 98(2) of the CGST Act. Legal analysis and implications included.
