Notification 29/2025-Customs exempts duty on imported art, public memorials, and registered antiquities for public exhibition under specific conditions.
IFSCA seeks feedback on draft regulations for TechFins and Ancillary Services in IFSCs, aiming to unify frameworks and enhance compliance.
By way of this appeal, the assessee has challenged the correctness of the order of the Learned Principal Commissioner of Income Tax-1, Rajkot passed u/s.263 of the Income Tax Act, 1961 dated 31/03/2024 for Assessment Year (AY) 2017-18.
ITAT Delhi held that exemption under section 10(23C)(iiiad) of the Income Tax Act granted on the basis of provisional registration under section 10(23C)(i) of the Income Tax Act even in absence of approval u/s. 12A. Accordingly, appeal of assessee allowed.
Overview of the Consumer Protection Act 2019, its key definitions, the establishment of CCPA, product liability, and penalties for misleading ads.
Income Tax appeal dismissed. Tribunal upholds CIT(A)’s order allowing 8% profit estimation on Kirana store turnover against unexplained bank deposits.
ITAT Ahmedabad held that funds remitted from foreign sources into NRE accounts are not taxable in India unless there is material to establish that they originate from taxable Indian income. Accordingly, exemption u/s. 10(4) of the Income Tax Act granted.
Reimbursement of expenses qua marketing fees, frequent flyer programme, frequent guest programme and reservation fees received by assessee cannot be treated as fee for technical services: HC
Delhi High Court dismisses revenue’s appeal, citing precedent that Sheraton International LLC’s centralized fee for various services is not taxable.
Bombay High Court dismisses revenue’s appeal in PCIT Vs S V Jiwani case, upholding partial relief on alleged bogus purchases. Key judgment details inside.
