Learn about the significant changes to Indian income tax refund processing effective April 1, 2024, impacting both residents and NRIs. Understand why pending liabilities or compliance issues can now delay or block your refund, and get a step-by-step guide for NRIs to ensure timely refunds.
NBFC business is really taking off these days, and a lot of new players have jumped in. Many have gotten their approval from RBI and Certificate of Registration (CoR) to start operating as NBFCs.
Learn how to e-file your ITR for FY 2024–25. Know the required documents, correct ITR forms, deadlines, and step-by-step instructions. File correctly and on time.
ITAT Lucknow held that commission earned by Cane Development Councils or Cooperative Cane Development Unions from sugar mills on supply of sugar cane is business income and hence eligible for deduction under section 80P of the Income Tax Act.
ITAT Ahmedabad held that disallowance under section 14A of the Income Tax Act is called off in absence of any exempt income earned/ claimed. Thus, appeal of the assessee allowed and disallowance u/s. 14A set aside.
Section 129 of Central Goods and Services Tax Act, 2017, empowers tax authorities to detain goods and vehicles and impose penalties when discrepancies are found.
NCLAT Delhi held that rejection of resolution plan on the ground of valuation of assets of Corporate Debtor not sustainable since no objection to the valuation conducted of the Corporate Debtor was raised by any stakeholders.
IBBI’s First Appellate Authority upholds CPIO’s denial of RTI request on DHFL fixed deposits, stating queries sought opinions/grievance redressal, not ‘information’.
NCLAT Delhi held that filing of application u/s. 7 of the IBC even after agreeing on restructuring of loan by majority of lenders is justifiable since all Lenders have their independent rights to take such measures as per their Bank’s policy.
Petitioner viz., Flemingo Duty Free Shop Private Limited, is a company incorporated under Companies Act, 1956. Respondent No.3 Airport authority of India is a Public Sector Enterprise and responsible for operation, management and maintenance of airports in India.
