ITAT Mumbai ruling on penalty u/s.271B for non-maintenance of books of accounts by an assessee engaged in trading, financing, realty, and commodities business. Analysis of Varadagovind Parthasarthy Iyer vs ITO case.
CESTAT Bangalore quashes appeal, permitting the refund of 4% Special Additional Duty (SAD) on imported goods without the need for VAT Challans to show the Bill of Entry.
Ministry of Home Affairs authorizes Aadhaar authentication for visitors to prison inmates on a voluntary basis. Learn about guidelines and compliance requirements.
CBDT introduces Rule 21AHA & Form 10-IFA for exercising option under Section 115BAE(5) of Income Tax Act, 1961. Learn the rules, process, and significance.
Notification No. 51/2023 – Central Tax introduces the Central GST (Third Amendment) Rules 2023, impacting registration, online gaming, and more, effective from October 1, 2023.
As applicant did not provide requested information, AAR concluded that it couldn’t offer a clarification on questions raised. Therefore, application was dismissed.
Notification No. 49/2023 – Central Tax covers online money gaming, online gaming (excluding money gaming), and actionable claims in casinos under CGST Act section 15(5) from October 1, 2023.
In a case involving Section 12AB registration denial, the ITAT orders re-adjudication due to non-consideration of submissions by the trust.
In the case of Talshibhai B Narola vs. ITO, ITAT Ahmedabad ruled that income from nursery activities growing lawns, flower plants, and vegetable plants is agricultural, not business income.
Kerala High Court quashes late fee levied under Section 234E of Income Tax Act for delayed TDS return filing. Explore the case and jurisdictional grounds.
