Learn about SOP for monitoring Export obligation fulfillment under EPCG and Advance authorization schemes by Chennai Customs.
KSCAA seeks clarification from MCA regarding the eligibility of Indian trusts as partners in Limited Liability Partnership (LLP) firms.
Khadi Grammodhyog Prathisthan Vs Asst. Director of Income CPC (ITAT Jodhpur) The case of Khadi Grammodhyog Prathisthan Vs Asst. Director of Income CPC (ITAT Jodhpur) revolves around the denial of current year losses by treating a revised tax return as an original return. This appeal arises from an order dated 14.02.2023, issued by the National […]
India’s Ministry of Finance issued Notification No. 64/2023-Cus (NT) updating exchange rates effective from Sept 7, 2023. Understand changes and their impact on imports and exports.
A deep dive into the Hallmarking of Gold Jewellery and Gold Artefacts (Third Amendment) Order, 2023. Understand what changes this brings and how it affects the gold industry in India.
Egis International S.A. Vs ACIT (ITAT Delhi) The Income Tax Appellate Tribunal (ITAT) Delhi recently adjudicated a noteworthy case involving Egis International S.A. and Assistant Commissioner of Income Tax (ACIT). The core issue revolved around whether non-compliance with an e-notice, due to the concerned employee leaving the company, could be considered a “reasonable cause.” The […]
Analyzing the recent ITAT Jaipur ruling on Safiq Ahmad Vs ITO. Assessee penalized for failing to cooperate in penalty proceedings under Sections 271B & 271(1)(c) of the Act.
Read advisory from Ministry of Road Transport and Highways regarding levy of taxes on tourist vehicles under All India Tourist Vehicles Permit Rules.
Concerns over errors in Income Tax portal. These errors led to thousands of notices being erroneously sent out to assessees, leading to confusion and panic.
CESTAT held that number of appeals should correspond with number of distinct decisions or orders, not number of order numbers in an original order. Essentially, if a single order-in-original has multiple numbers, it doesn’t necessitate multiple appeals.
