Check out Income Tax Notification 57/2023 issued by the Ministry of Finance, offering tax deduction relaxation for ship lease payments in International Financial Services Centre (IFSC). Understand the conditions and procedures for availing the deduction as a lessor or lessee.
Review of National Financial Reporting Authority’s action against CA Riya Agarwal under Companies Act 2013. Details of case and penalties inside.
CESTAT Chennai supports the sanctioning of a customs duty refund claim for K.I. International Ltd after thorough document verification. Learn more here.
CESTAT orders re-consideration of a case involving Ashoka Re-Rolling Mills Private Ltd, concerning alleged clandestine removal of goods. Discover more here.
CESTAT Bangalore overrules a penalty against P. J. Johnson & Sons, proving no violation of Section 89, Customs Act. Read our detailed case analysis.
Learn about ITAT Mumbai’s decision on TDS benefit allowance for Ignitive Digitech Private Ltd Vs DCIT – aligning TDS benefits with income assessment year.
“ITAT Mumbai upholds tax exemption for share of profit from partnership firm, rejects addition u/s 68 due to non-payment of taxes by the firm. Read the full ruling.
It is with a deep sense of satisfaction and fulfilment that I demit office today after putting in 38 long years in this glorious Service. I have been particularly fortunate to have had the opportunity to serve the nation and you as Chairman of the Board in the final leg comprising almost two years.
Explore the ITAT Delhi’s ruling on a case, ITO Vs Logix Buildcon Pvt Ltd, asserting that the interest incurred towards project expenses cannot be deducted.
CESTAT Ahmedabad rules in favor of Savita Oil Technologies, allowing the refund of excess excise duty paid due to quantity discounts given to customers.
