Central issue revolved around assessee’s claim for deduction under Section 54F for investing sale proceeds of shares in a residential flat purchased in the name of his minor daughter.
Explore the latest Ministry of Finance notification appointing adjudicating authorities for finalizing provisional assessment in the SVB case of M/s Ecoclean Machines Pvt. Ltd.
Delhi High Court’s ruling in PCIT (Central) vs. Sanjay Singhal upholds ITAT’s deletion of addition under Section 69A for AY 2015-16, emphasizing need for incriminating material for valid additions.
Stay updated on the recent Maharashtra VAT Act 2002 amendment regarding the inclusion of Taipei Economic and Cultural Centre (TECC) in Mumbai. Details here.
Stay updated on the latest CBIC amendment (Notification No. 03/2024) reducing Special Additional Excise Duty on Petroleum Crude to Rs. 1700 per tonne from Rs. 2300 per tonne.
Discover the latest customs regulations with amendments to Notifications 48/2021 and 49/2021-Customs. Explore the impact on trade policies and stay informed. #CustomsAct #TradeRegulations
Explore the details of ICAI’s Final Paper 6 on Integrated Business Solutions – open book, case study-based, 4-hour duration, MCQ weightage, and 60% descriptive questions.
Register by February 1, 2024, for ICAI Foundation Course to appear in June 2024 Exam. Learn eligibility criteria and access the Self Service Portal for hassle-free registration.
The transaction of sale of goods by Tecnimont Pvt. Ltd. (TCMPL) to Indian Oil Corporation Ltd. (IOCL) on High Seas Sale [HSS] basis in terms of Contract No. 44AC9100-EPCC-1 is covered under Entry N 8(b) of Schedule III of the CGST Act.
Explore the legal battle in Kaysons Infrastructure vs CBIC as Calcutta High Court examines the validity of a GST notice. Learn about the alleged discrepancies, challenges raised, and the court’s interim order.
