A Fire NOC is mandatory in Rajasthan for high-occupancy buildings (industrial, hotel, educational) to ensure safety. Apply via SSOID using building plans, certificates, and safety lists.
ITAT held that provisions taxing difference in stamp value and purchase price apply only to land and buildings, not leasehold rights. Addition of ₹21.95 lakh was set aside.
Electric car adoption in India is slowed by high costs, primarily driven by expensive, imported lithium-ion batteries and a higher quantity of semiconductor chips per vehicle.
Assessee argued that the order was barred by limitation because it was not served within the prescribed time. AO countered this, claiming the order was dispatched via speed post on December 30, 2017, and had thus left the office within the deadline.
Delhi High Court held that addition of demonetization cash deposit under section 68 of the Income Tax Act towards unexplained cash credit rightly deleted by CIT(A) since source of deposit duly explained with documentary evidence. Accordingly, appeal of revenue dismissed.
NCLT Chennai held that application u/s. 10 of the Insolvency and Bankruptcy Code admitted for initiation of Corporate Insolvency Resolution Process [CIRP] against Corporate Applicant since there is a default in the repayment of debt and the petition filed u/s. 10 is complete.
Authority referred the case of Mr. Chandran R for further investigation after observing improper exclusion of Rayagada land from valuation reports and issuance of a misleading letter stating assets’ value as zero.
In Weston Electronics, the reduction on the rate of sales tax on television sets manufactured within the State to 1% whereas television sets imported from outside the State of Gujarat being at 10% was held to be discriminatory in nature and therefore, struck down.
Mere act of depositing cash into a bank account, even during demonetization, was not conclusive proof of unexplained income under Section 69A especially for a business operating under a presumptive tax scheme.
DGFT revises HBP 2023 to allow Regional Authorities to issue End-User Certificates for restricted imports, subject to DGFT authorisation limits.
