NCLAT Chennai held that delay in filing Restoration Application in the Contempt Proceedings deserves to be condoned since the reasons given for delay appears to be reasonable. Accordingly, delay of 374 days condoned.
ITAT Delhi held that deduction under section 54F of the Income Tax Act duly available since funds are utilized within the extended period of time as per CBDT Circular No. 1/2023 dated 06.01.2023. Accordingly, appeal of revenue dismissed.
Lincon Polymers Private Limited had manufacturing facilities, one at Khatraj and one at Borisana. The Khatraj manufacturing facility was catering to domestic market whereas the Borisana facility was catering to export market.
Explore the reasons behind the failed £48 billion Honda-Nissan merger, including financial disparities, technological disagreements, and cultural differences.
Andhra Pradesh High Court directs magistrates to follow Supreme Court guidelines on mechanical remands for social media posts, emphasizing preliminary inquiries and free speech.
e-KYC now allowed for RD, PPF account operations in post offices, enabling Aadhaar-based digital services without paper forms for faster processing.
CBIC’s latest newsletter covers the 19th CCG meeting, adoption of E-seal Reader API, increased use of GSTN Enforcement Module, and a recent medical emergency response at NACIN.
Rajasthan Housing Board is notified for income tax exemption under Section 10(46A)(b) of Income-tax Act, 1961, effective from AY 2024-25.
This article explains whether a medical practitioner earning exempt professional income and taxable rental income must register under GST and charge tax on rent.
Appellate Authority held assessee’s investment in construction subsequent to the date of sale and investment in the eligible project even after the project of the house was started beyond one year will be eligible for exemption under Section 54F.
