The issues raised were in relation to the non-deduction of TDS for payment of professional services and the disallowance of Employees Contribution to PF&ESIC.
Calcutta HC confirms the order on TDS deduction on an unsecured loan for Safex Complex Pvt Ltd. under Section 148A(d) of Income Tax Act for AY 2019-20.
Delhi High Court grants relief to Punjab and Sind Bank, permitting the refund of Rs.1.3 crores deposited, citing involvement of public funds. Analysis of the judgment.
Delhi High Court rules that ITAT cannot recall an order u/s 254(2) of the Income Tax Act after four years. Insights on CIT vs L.G. Electronics Korea.
CESTAT Ahmedabad rules in Quality Technocast case that allegations of goods diversion to Domestic Tariff Area must be based on evidence, not assumptions
On the one hand the Revenue has made demand of central excise duty on goods consumed in the finished goods and on the other hand it is demanding duty on the finished goods which is wrong. Even if there is any duty demand, the same shall be restricted only upon finished goods. The raw material duty cannot be demanded as the same were consumed for intended purpose of manufacture.
Unraveling SEBI’s 2023 Notification on the (Depositories and Participants) (Second Amendment) Regulations. Dive into its implications, changes, and key takeaways.
Analysis of ITAT Mumbai’s decision in Sanjay V. Kothari Vs ITO, focusing on the addition of bank deposits. The case involves A.Y. 2006-07 assessment.
Orissa High Court dismisses appeal in PCIT Vs Dimple Murarka, ruling excess stocks should represent income from undisclosed sources.
ITAT Indore grants a new opportunity to rectify Form 35 mistakes, emphasizing a fair appeal process in Vijesh Samule Vs ITO. Read the full order here.
