Kerala High Court empowers the Commissioner of Income Tax to condone delays in filing income tax returns under Section 119(2)(b) of the IT Act. Details of the judgment.
ITAT Delhi confirms addition u/s 68 of Income Tax Act due to the failure to prove creditor creditworthiness & transaction genuineness in Prestigious Enterprises Pvt. Ltd vs. ACIT.
DGFT Headquarters introduces a Centralized Video Conference facility, enabling exporters to resolve issues and provide feedback for streamlined trade procedures
Learn about the ITAT Delhi ruling in Amrik Sokhi vs. ITO for A.Y. 2015-16, where the claim of capital gain deduction u/s 54 is restored for verification. Details here.
Delhi High Court’s judgment in PCIT vs. Optimal Media Solutions Ltd. for AY 2009-10 clarifies that retention by advertising agencies is trade discount, not subject to TDS under section 194H.
ITAT Pune’s decision to remand the matter back to CIT(E) regarding trust registration under section 12AA of the Income Tax Act, emphasizing principles of natural justice.
Delhi High Court grants a review petition challenging the handling of a petitioner’s document request by the Customs Commissioner. Learn more in this article.
Participate in IFSCA’s call for suggestions on Bullion Exchange Regulations 2020 review. Contribute to shaping future policies for the precious metals industry in IFSC
Kerala High Court directs Customs authorities to quickly conclude the adjudication of a show cause notice related to the smuggling of gold from Jeddah to India.
Patna High Court’s judgment on input tax credit and the understanding between parties regarding CGST, SGST, and IGST in a specific transaction.
