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.
Introduction: The Revenue and Forests Department of Maharashtra has introduced the Maharashtra Stamp Duty Amnesty Scheme-2023 to remit or reduce stamp duty and penalties on specified instruments under the Maharashtra Stamp Act (LX of 1958). This article delves into the key details, eligibility criteria, and application process of this amnesty scheme. Detailed Analysis: The Maharashtra […]
Explore SEBIs latest circular on the revised Net Distributable Cash Flow (NDCF) framework for Infrastructure Investment Trusts (InvITs), effective April 1, 2024
Discover the latest developments in the engagement of CA firms by PSBs. Explore changes in concurrent audit policies, RBI directives, and the number of firms involved over the past 3 years
Trade Notice 35-2023: DGFT Amnesty Scheme extension till 31.12.2023. Addressing default cases under Advance Authorisation and EPCG Schemes. Apply now
Explore the recent AAAR Tamil Nadu ruling on solar panel installation, clarifying input tax credit (ITC) eligibility under CGST/TNGST Act. Learn key insights.
