Explore the latest circular by the Ministry of Finance – CBIC, regarding the revision of All Industry Rates (AIRs) of Duty Drawback, effective from October 30, 2023
Vakrangee Foundation faces a penalty for non-compliance with tax audit provisions under Section 44AB. ITAT rules that Section 2(15) does not exempt charitable institutions.
Explore case of Vasan Sheri Kelavani Samiti Trust vs. ITO, where Section 11 exemption was denied due to a punching error. ITAT orders re-adjudication and considers rectification application.
Learn about the Goods and Services Tax Appellate Tribunal (GSTAT) Rules 2023 issued by the Ministry of Finance. Find out about appointments, qualifications, removal, salary, and more
Explore the Reserve Bank of India directive on appointing Whole-Time Directors in private sector banks and wholly-owned subsidiaries of foreign banks, aimed at enhancing corporate governance
ITAT Pune directs reconsideration of an appeal by Gajanana Developers against disallowance of deduction under Section 80IB(10) of the Income Tax Act. Find out more.
In a case of Vikram Dhirani vs. DCIT, ITAT Delhi rules in favor of the assessee, deleting the penalty under section 271AAA due to the lack of opportunity to explain undisclosed income source during search proceedings.
Neeraj Gas Movers successfully argues for the validity of a rectified partnership deed, leading to the approval of salary and interest claims by ITAT.
The Delhi High Court confirms the annulment of an assessment order in the case of PCIT vs. Anuj Bansal, citing mechanical approval under Section 153D of the Income Tax Act.
Read about the ITAT Pune’s decision in Kirti Bipin Thorat vs. ITO case for A.Y. 2014-15, where additions on unaccounted cash income from share sales were upheld.
