Explore the proposed Risk Management Framework for Central Recordkeeping Agencies (CRAs) under NPS architecture. Provide feedback by 1st Jan 2024
Learn about the latest Customs Instruction No. 29/2023 mandating Veterinary Health Certificates for Milk Imports into India. Get insights on the changes, implementation challenges, and key modifications
Explore the penalty order against The Kutch Salt and Allied Industries for violating Section 92 of the Companies Act, 2013. Detailed analysis, findings, and consequences.
Discover the latest IFSCA circular on importing gold and silver through India International Bullion Exchange. Learn eligibility criteria, net worth requirements, and the process for Qualified Jewellers
Introduction: The Government of India, under the Ministry of Finance, has recently responded to pertinent questions in the Lok Sabha regarding tax evasion, particularly focusing on the evasion of TDS. The queries address concerns related to the disbursement of lottery prizes, potential amendments to tax laws, and actions taken against lottery distributors involved in GST […]
ITAT Delhi while quashing the revisionary order passed by the Ld. Pr.CIT held that, mere non-deposit in the capital gains scheme account cannot be the basis to deny deduction u/s 54/54F when the LTCG amount had duly been reinvested within the time allowed under 54(1) and that a hyper-technical/perfectionists point of view cannot the basis to assume revisionary jurisdiction.
Explore the Kerala High Court judgment upholding Revision Proceedings to correct the wrong Rate of Tax, impacting the appellant’s appeal under the Income Tax Act
Read the Kerala High Court judgment in Shine Abraham Vs State Tax Officer case, upholding the blocking of input tax credit due to fictitious transactions and fake invoices.
Delhi High Court dismisses Departmental appeal on penalty case PCIT vs Gopal Kumar Goyal. Analysis of failure to clarify grounds, AY 2004-05. Full judgment included
CESTAT Chennai, referring to the decision of the Tribunal’s Larger Bench in the case of Chowgule & Company Pvt. Ltd., acknowledged that the condition related to the endorsement on the invoice was procedural in nature. It held that the purpose and object of such an endorsement could be achieved when the duty element itself was not specified in the invoice.
