ITAT Amritsar in Abdul Hamid Khan Vs ITO, deleted an ex parte addition made during the COVID-19 pandemic under Section 68 of Income Tax Act
ITAT Pune’s verdict in the case of Jayashri Shrikant Deshmukh Vs ACIT, underlining the importance of plausible explanation in cases involving Section 69A of the IT Act.
Reserve Bank of India (RBI) has released a notification regarding the Sovereign Gold Bond Scheme 2023-24 announced by the Government of India. The scheme introduces a distinct series of bonds starting from series I, with specific terms and conditions for issuance. This notification provides important details about the subscription dates, application process, and designated receiving […]
Read about the latest amendments introduced by the Securities and Exchange Board of India (SEBI) in the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012. The amendments include the introduction of the Corporate Debt Market Development Fund, valuation procedures, investment conditions, governance mechanisms, and more.
Read the Ministry of Finance’s notification (No. 43/2023-Customs) amending the Courier Imports and Exports (Electronic Declaration and Processing) Regulations. This amendment pertains to the inclusion of jewelry under CTH 7117 or CTH 7113 and the facility of re-import for such jewelry. Stay informed about the latest customs regulations.
The Securities and Exchange Board of India (SEBI) has issued a Master Circular for Research Analysts, compiling all applicable circulars and directions. This circular aims to provide easy access to relevant guidelines and promote compliance among Research Analysts. Stay up-to-date with SEBI’s regulations and understand the procedural requirements for proxy advisors. The Master Circular includes […]
AOP inadvertently filed their income tax return using ITR 7 instead of ITR 5. ITAT held that Income Tax Authorities are not supposed to punish assessees for their bona fide mistake.
ITAT Pune in Pride Purple Properties, quashed retrospective determination of annual letting value of un-sold residential units. ITAT ruled that prospective amendments cannot apply retrospectively, providing clarity on taxation of real estate properties.
In Pavuluri Sylendra Nellore Vs ITO case, ITAT Hyderabad confirms addition under section 69C due to unexplained source of credit card payment.
Delhi HC in Merlin Facilities Pvt. Ltd. Vs Union of India, held that impugned order of provisional attachment of bank accounts under CGST Act becomes non-operative post statutory period of one year.
