Income Tax Department carried out search and seizure operations on 15.06.2022 on a leading manufacturer and seller of Jamawar Shawls, Pashmina and Kashmiri Shawls. The search operation covered more than 15 premises spread across Srinagar, Anantnag and Delhi. During the course of the search operation, a large number of incriminating evidences including hard copy documents […]
The proposed combination envisages the acquisition of the entire equity share capital of AirAsia (India) Private Limited (Air Asia India) by Air India Ltd. (AIL), an indirect wholly owned subsidiary of TSPL. At present, TSPL holds 83.67% of the equity share capital of Air Asia India.
Ministry of Labour & Employment (Government of India) YOU DO KNOW? Provisions covered under Social Security Agreement (SSA) SOCIAL SECURITY AGREEMENT Detachment : International Workers deputed to work in a country having an Agreement on Social Security with their home country are not required to contribute to social security system in host country, provided they […]
International Financial Services Centres Authority Circular No. 329/IFSCA/DPM/TS/2022-23/1 | Dated: June 17, 2022 To, All the Bullion Market Infrastructure Institutions (MIIs) in IFSC All the Market Intermediaries in IFSC All the Banking Units in IFSC Dear Sir/Madam, Sub: Clarification on investment in Bullion Depository Receipts (BDR) on India International Bullion Exchange (IFSC) Limited (IIBX) through the […]
Govt approved a proposal of Department of Telecommunications to conduct spectrum auction through which spectrum will be assigned to successful bidders for providing 5G services to public and enterprises.
Ministry has formulated draft Guidelines for operationalization of Ro-Ro and Ro-Pax ferry service along the coast of India
For some of the taxpayers, there was an issue in relation to duplicate entries in GSTR2B which has since been fixed and correct GSTR 2B has been generated. In this regard, taxpayers while filing GSTR3B are advised to check and ensure that the value of ITC they are availing is correct as per the law.
ITAT held that for the AO to assume jurisdiction u/s 271(l)(c), proper notice is necessary and the defect in notice u/s 274 of the Act vitiates the assumption of jurisdiction by the learned Assessing Officer to levy any penalty.
Additions made primarily on basis of oral evidence of third parties, without giving fair opportunity of hearing and right to cross-examine those parties to assessee not sustainable
Uma Strips Ltd. Vs DCIT (ITAT Delhi) In this case ITAT find that there is no live link presented by the AO between the material available with him i.e. the report of the investigation and to reason to belief that the assessee has tried to evade the assessment for the particular year in question. Simply […]
