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Submission of data to RoDTEP Committee for review of RoDTEP rates

October 19, 2023 954 Views 0 comment Print

DGFT issues Trade Notice No. 30/2023-24, requesting the submission of data to the RoDTEP Committee for the review of RoDTEP rates.

Clarifications on Implementation of IT Hardware Import Management

October 19, 2023 840 Views 0 comment Print

DGFT issues Policy Circular No. 06/2023-24 to provide clarifications on the implementation of Import Management Systems for IT Hardware.

Amendment in Import Policy Conditions for IT Hardware

October 19, 2023 1044 Views 0 comment Print

Government of India’s Ministry of Commerce and Industry announces changes in the import policy for IT hardware, including exemptions for hardware manufactured in Special Economic Zones and imports for government security purposes.

Former Excise & Custom Superintendent Sentenced: Disproportionate Assets Case

October 19, 2023 504 Views 0 comment Print

Special Judge in Ahmedabad sentences Shri Fauza Singh Pandher, former Superintendent of Central Excise & Customs, to five years imprisonment for possessing disproportionate assets.

Notification No. 18/2023-Union Territory Tax (Rate) Dated: 19th October, 2023

October 19, 2023 207 Views 0 comment Print

Explore the latest tax rate amendments in Notification 18/2023 by the Ministry of Finance, Government of India, effective from October 20, 2023

ITAT Upholds Penalty for Income Concealment Despite Retracted Confession

October 19, 2023 393 Views 0 comment Print

ITAT Delhi affirms penalty under section 271(1)(c) of Income Tax Act against Amandeep Singh Sran for concealing income. Analysis of the case and its implications.

Notification No. 14/2023-Union Territory Tax (Rate) Dated: 19th October, 2023

October 19, 2023 417 Views 0 comment Print

Discover the latest amendments introduced by Notification 14/2023 regarding Union Territory tax rates. Effective from October 20, 2023

New CBDT Rule 16D & Form No. 56F for Section 10AA Deduction

October 19, 2023 4632 Views 0 comment Print

CBDT inserts Rule 16D & Form No. 56F -Report for claiming section 10AA deduction vide Notification No. 91/2023-Income Tax dated: 19th October, 2023.

Section 54F Deduction Granted: New House Purchase within Two Years of Asset Transfer

October 19, 2023 564 Views 0 comment Print

In a crucial ruling, ITAT Chennai allows Section 54F deduction for a new residential property purchase, clarifying tax implications. Learn more in this detailed analysis.

Refund under Notification No. 41/2012-S.T.: CESTAT Orders Re-adjudication

October 19, 2023 276 Views 0 comment Print

CESTAT Chennai directs re-adjudication in eShakti.com’s case concerning eligibility for refund/rebate under Notification No. 41/2012-S.T. Detailed analysis and implications.

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