Understand purpose, filing requirements, due dates and penalties of Form MSME-1 for companies with outstanding dues to MSME suppliers under MCA regulations.
Explore the concept of agricultural income under Income Tax Act 1961, including definitions, exemptions, and conditions for income derived from land used for agricultural purposes. Learn what qualifies as agricultural income and its taxation implications.
ITAT Pune remands the appeal of Mula Parisar Serva Seva Sangh regarding TDS refund claim for 2018-19, citing past precedents.
ITAT Chennai sets aside CIT(E)’s rejection of 80G registration for SKNNSM Society, citing inadequate time for response. Case sent for fresh adjudication.
Kerala High Court dismisses writ petition challenging luxury tax assessment, citing the availability of a statutory appeal.
ITAT directed AO to verify Factory Premises rental income and compute taxability under section 57, allowing proportionate expenses related to rental income.
Delhi High Court directs NFAC to expedite pending appeals, expressing concern over prolonged delays in taxpayer cases, including a two-year-old pending appeal.
Delhi ITAT rules Section 56(2)(viib) of the IT Act does not apply to transactions between holding and subsidiary companies, quashing revision against OYO.
Madras High Court quashes GST order against P. Rajasekaran, citing violation of natural justice. Petitioner granted relief on depositing 10% of disputed tax.
ITAT Surat condones a 162-day delay in appeal filing by a 77-year-old farmer, citing lack of legal guidance, and directs a fresh assessment by the AO.
