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HC set-aside Form 3 issued under Direct Tax Vivad Se Vishwas Act in Rolls Royce case

October 21, 2023 495 Views 0 comment Print

Delhi High Court grants relief to Rolls Royce in a case against Form 3 issued under the DTVSV Act. Get the full judgment and implications of the decision here.

HC Imposes 1.5 Lakh Fine for Obtaining Interim Income Tax Order with Suppressed Facts

October 21, 2023 516 Views 0 comment Print

Calcutta High Court’s strong stance on suppressing material facts in Income Tax proceedings. Learn about the case of Amber Commodeal Pvt. Ltd. vs. ITO and its implications.

Section 148A(b) provides minimum seven (7) days for filing response

October 21, 2023 3144 Views 0 comment Print

Delhi High Court quashes Income Tax notice under Section 148A(d) for AY 2019-20, granting two weeks to file a comprehensive response. Learn more about the case.

ITAT Denies Exemption u/s 10(38) for Sham Transaction with Paper Companies

October 21, 2023 2415 Views 0 comment Print

In the Archana Rajendra Malu vs. ITO case, ITAT Pune upheld the denial of tax exemption under Section 10(38) of the Income Tax Act due to sham transactions with paper companies.

HRA Exemption Denied, Remitted for Reconsideration by ITAT Bangalore

October 21, 2023 1518 Views 0 comment Print

In the Ravindra R.V. vs. DCIT case, ITAT Bangalore remits the denial of HRA exemption under Section 10(13A) back to the AO for reconsideration due to lack of salary breakup.

Addition for difference in property value: ITAT directs readjudication

October 21, 2023 1569 Views 0 comment Print

In the cases related to Sunder Lal vs. ITO (ITAT Delhi) for AY 2011-12 and 2012-13, the ITAT directs re-adjudication due to lack of effective representation and challenges to additions.

SEBI (Investor Protection & Education Fund) (Second Amendment) Regulations, 2023

October 20, 2023 1269 Views 0 comment Print

Stay informed about the latest SEBI notification on Investor Protection and Education Fund regulations. Learn about key amendments and their implications.

Notification No. 17/2023-Central Tax (Rate) Dated: 19th October, 2023

October 19, 2023 5376 Views 0 comment Print

Explore the recent changes in tax rates with Notification No. 17/2023. Understand the impact on products like molasses and millet flour preparations

Notification No. 12/2023-Central Tax (Rate) Dated: 19th October, 2023

October 19, 2023 12462 Views 0 comment Print

Stay informed about the latest tax rate changes in India with the Government of India Ministry of Finance Notification 12/2023. Effective from 20th October, 2023

Master Direction –RBI (NBFC– Scale Based Regulation) Directions, 2023

October 19, 2023 10764 Views 0 comment Print

Learn about the new RBI’s Master Direction for scale-based regulation of NBFCs in 2023! Check out this article to find out more about the rules and guidelines provided by RBI.

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