BCAS provides feedback on draft FEMA trade regulations, flags concerns over AD bank powers, seeks clarity and consistency.
CBIC issues revised instruction allowing limited movement at Attari ICP for Indian and Pakistani nationals with valid documents, effective until further notice.
ITAT upholds PCIT’s revision of an assessment order. The AO failed to probe cash payment for a second property purchase, rendering the initial order erroneous and prejudicial.
Budget 2025 exempts NSS withdrawals (principal & interest) from tax effective Aug 29, 2024. CBDT confirms no TDS from April 4, 2025.
Learn about FSSAI license requirements in India. Understand the Basic, State, & Central types based on turnover, the application process, required documents, fees, and validity.
The term “partnership” is defined in Section 4 of the Indian Partnership Act, 1932, as the relationship between individuals who have agreed to share the profits of a business carried on by all or any of them acting for all. Individuals who have entered into a partnership are individually known as “partners” and collectively as […]
ITAT condones assessee’s 87-day delay in filing appeal with CIT(A), citing COVID-19 pandemic. Case sent back to CIT(A) for decision on assessment merits.
ITAT Hyderabad upholds Rs 1.33 cr TP adjustment against Hammond Power Solutions for technical/stewardship services, citing insufficient evidence of service delivery.
Pune ITAT condonès 191-day delay in tax appeal after assessment order email went to spam; remits case for merits review, citing judicial precedents.
Kerala High Court dismisses firm’s challenge to GST order, stating failure to use hearing opportunity differs from denial; directs firm to use appeal.
