Rule 8(1) states that income from business of tea growing & manufacturing is computed as 40% of total income determined under Income Tax Act
A penalty of was levied under section 271FA of Income Tax Act, 1961. The assessee’s subsequent appeal, stating that SFT was filed when e-filing portal was available, lacked supporting evidence and hence did not hold in court.
In Srikals Graphics Private Ltd Vs Assistant Commissioner (ST), Madras HC ordered a fresh enquiry due to absence of notice on freezing of a bank account
Discussion Paper on measures for increasing the possibility of resolution, value of resolution plan and enabling timely resolution analyses resolution processes that have been completed and are ongoing, presents the understanding of issues that are adversely affecting the efficiency and effectiveness of the resolution process. The issues are of a wide spectrum and proposals have been made to resolve the same.
Under section 196(1)(aa) of IBC, IBBI is responsible to promote development of, and regulate, working and practices of, insolvency professionals in furtherance of purposes of Code.
CBIC notifies Exchange rate of Turkish Lira for Import & Export wef 08.06.2023 vide Notification No. 40/2023- Customs (N.T.) Dated: 07th June, 2023. Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs ***** Notification No. 40/2023- Customs (N.T.) | Dated: 07th June, 2023 In exercise of the powers […]
Notification No. 36/2023-Income Tax, provides tax exemptions under section 10(23FE) for foreign pension fund – 2743298 Ontario Limited, for eligible investments made in India
Karnataka HC Suspends Recovery in Rajya Vokkaligara Sangha Vs CIT (Exemptions) Due to Cryptic Stay Order assigning absolutely no reasons
CESTAT allowed Export Oriented Unit (EOU) and financing company jointly to enjoy the benefit of no duty imports when imported goods used by EOU.
Explore the landmark ruling by ITAT Pune on deductions for interest income from deposits with a nationalized bank, as illustrated in the Subordinate Engineers Association MSEB Co.op. Credit Society Ltd Vs ITO case.
