ITAT Kolkata ruled for Weilburger Coatings, quashing an assessment order as the AO exceeded limited scrutiny scope without following CBDT conversion procedures.
ITAT Visakhapatnam ruled on whether an Assessing Officer can inquire beyond limited scrutiny, partly allowing an appeal regarding cash deposits during demonetisation.
ITAT Patna ruled the Assessing Officer exceeded limited scrutiny scope by making additions unrelated to large cash deposits without converting to complete scrutiny.
The Competition Commission of India closed a case by Airen Metals against Hindalco and Vedanta, finding no abuse of dominant position regarding copper supply contracts and bank guarantee invocation.
Chennai CESTAT rules bar licence/permit fees collected by Tamil Nadu State Marketing Corporation Ltd. are not liable for service tax from March 29, 2013, as they constitute statutory functions.
Understand cryptocurrency taxation in India, including the 30% VDA tax, 1% TDS, and acquisition methods, as per evolving government regulations.
Understand gold taxation in India, including what qualifies as a capital asset, short-term vs. long-term gains, and applicable tax rates.
MCA imposes ₹2.10 lakh penalty on Baby Memorial Hospital Ltd for non-compliance with demat rules in securities allotments between 2021 and 2023.
Anthropic CEO warns AI could displace half of entry-level white-collar jobs. Learn about the potential economic impact and proposed solutions for workforce adaptation.
Delhi High Court held that GST SCN uploaded on ‘Additional Notices Tab’ was not noticed by the petitioner. Hence, order set aside and matter remanded back to Adjudicating Authority. Further, petitioner is granted time to file their reply.
