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Important Notice: Share and Dividend Transfers to IEPF – Custodian’s Directive

September 25, 2023 1497 Views 0 comment Print

Read an essential notice about refraining from transferring shares and dividends to IEPF for notified parties, as directed by Custodian. Understand legal implications.

CBIC Chairman’s Weekly Newsletter – 25th September 2023

September 25, 2023 954 Views 0 comment Print

Read Chairman’s weekly newsletter from CBIC, featuring insights on taxation, research, and enforcement actions. Stay updated with latest developments.

Miscellaneous Steel Products (Quality Control) Order, 2023

September 25, 2023 2253 Views 0 comment Print

Explore Miscellaneous Steel Products Quality Control Order 2023 issued by Ministry of Commerce and Industry. Learn about standards, enforcement, and its impact.

Aluminium and Aluminium Alloy Products (Quality Control) Order, 2023

September 25, 2023 7599 Views 0 comment Print

Explore the Aluminium and Aluminium Alloy Products Quality Control Order 2023 issued by the Ministry of Commerce and Industry. Learn about standards and enforcement.

Section 271(1)(c) Penalty Not Automatic for Wrong Claims; Requires Proof of Lack of Bona Fides

September 22, 2023 984 Views 0 comment Print

Read the full text of the ITAT Delhi order in the case of DCIT vs. Sarva Haryana Gramin Bank regarding penalty under Section 271(1)(c) of the Income Tax Act.

ITAT Upholds Addition Due to Lack of Evidence for Promotion Expenses

September 22, 2023 648 Views 0 comment Print

ITAT Ahmedabad’s order in Lincoln Pharmaceuticals Ltd. vs. DCIT, confirming addition due to insufficient evidence for promotion expenses.

Service tax Notice after commencement of CGST Act- HC accepts Writ

September 22, 2023 1305 Views 0 comment Print

Read about the Calcutta High Court case – M.L. Dalmiya & Co. challenging CGST show-cause notices based on jurisdiction and limitation issues. Analysis and verdict.

ITAT Grants 30% Depreciation on Philips India’s Business-Owned Moulds

September 21, 2023 1677 Views 8 comments Print

Read the full text of the ITAT Kolkata order in the case of Philips India Limited vs. ACIT regarding the grant of 30% depreciation on business-owned moulds.

Transferee Company eligible to take credit of TDS Deducted in Transferor Company’s Hands Upon HC’s Amalgamation Scheme Approval

September 21, 2023 9240 Views 0 comment Print

Read about the ITAT Kolkata case of Popular Complex Advisory Pvt. Ltd. vs. ITO involving TDS credit in amalgamation schemes approved by HC.

Section 143(2) Notice Mandated When Assessment Differs from Filed Return

September 21, 2023 7434 Views 0 comment Print

Learn about the validity of re-assessment without notice u/s 143(2) in the case of Gonuguntla Nirmala Devi vs. ACIT. Explore the full text of the ITAT Hyderabad order.

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