Bombay High Court held that registered person making a zero rated supply under LUT may claim refund of unutilized credit including that of Compensation Cess. Accordingly, refund of compensation cess granted and appeal is accordingly allowed.
ITAT Rajkot held that addition towards unexplained cash deposit under section 69A of the Income Tax Act not sustained since assessee has adequate evidence supporting its claim of cash deposits. Accordingly, appeal allowed.
Gujarat High Court held that in the absence of new material facts brought on record by the Revenue reopening of assessment beyond the period of 4 years is found to be not sustainable in the eye of law. Thus, appeal of revenue dismissed.
Understand income tax rules for business & profession in India. Covers business, profession, vocation, occupation, and deduction guidelines.
RBI notifies regulated entities about UNSC’s amendments to ISIL & Al-Qaida sanctions list, ensuring compliance with Section 51A of UAPA, 1967.
NSE issues FAQs on Industry Standards for audit committee and shareholder review of related party transactions, effective April 1, 2025.
Learn about the Kerala SGST Act’s interest and penalty waiver under Section 128A, eligibility, application process, and compliance instructions.
IDBI Bank invites applications from eligible CA firms for empanelment as Concurrent Auditors. Apply online from 11.03.2024 to 28.03.2024.
