The Government of India has issued a resolution notifying the interest rate of 7.1% on deposits made under non-government Provident Funds (PF), superannuation, and gratuity for the period from July 1, 2023, to September 30, 2023. This revised interest rate is applicable to various funds, including the General Provident Fund (GPF) and others. Learn more about the funds covered and the official announcement.
ITAT Delhi rules that penalties under section 271(1)(c) of the Income Tax Act cannot be imposed based on non-existing or deleted disallowances.
Supreme Court decision: Criminal charges for late self-assessment tax payment to persist despite Vivad Se Vishwas Scheme approval. Get insights into the ruling.
In the case of Lakshman Tools Pvt. Ltd. Vs. ITO (ITAT Delhi), learn about the validity of Section 147 application, non-genuine purchases, and commission payments.
In Scaria Thomas & Co vs. Commissioner of Central Excise & ST (CESTAT Ahmedabad) case, learn about the absence of penalty under Section 78 in service tax due to no misrepresentation.
In a recent case, ITAT Pune grants 12AA registration to Kanojiya Pardeshi Dhobi Trust, allowing its charitable activities during COVID-19. Full order analysis.
In Gidderbaha vs. Commissioner of CGST & Central Excise Ludhiana case, CESTAT orders reconsideration on merits due to improper rejection based on pre-deposit compliance.
ICAI issued 5 notifications on Sep 29, 2023, announcing establishment and detachment of branches within its regional councils. Learn more about these changes.
Read the full text of the judgment/order of the Bombay High Court in the case of Schindler India Pvt. Ltd. vs. State of Maharashtra concerning VAT assessment.
Read full text of ITAT Delhi order in Ajay Kumar vs. ACIT, where disallowance of bad debt was upheld as assessee was not involved in a real estate business
