Tribunal Dismisses Addition of ₹11,55,000 as Unexplained
Tribunal Dismisses Addition of ₹11,55,000 as Unexplained A recent ruling by the Tribunal has significant implications for taxpayers, highlighting the importance of providing…
TAXATION UPDATES
ITAT Rejects Accrual Taxation of Duty Drawback Income
ITAT Reverses Accrual Taxation of Duty Drawback Income The Income Tax Appellate Tribunal (ITAT) has made a significant ruling in the case of Bando India Private Limited Vs ITO,…
Bombay HC: GST Notices Must Be Year-Specific
The Bombay High Court has clarified a critical aspect of GST compliance, ruling that tax authorities cannot consolidate multiple financial years into a single show cause notice….
Madras HC Upholds GST Order Within Extended Section 73 Limit
Madras High Court Upholds GST Order Within Extended Timeframe The Madras High Court recently addressed a legal challenge concerning a Goods and Services Tax (GST) order. The…
Madras HC: General Penalty Invalid If Late Fee Levied
A recent ruling from the Madras High Court clarifies the application of penalties and late fees under GST regulations. Madras HC: Dual Penalties for Late GST Returns Invalid The…
ITAT Restores PF/ESI Disallowance Case for Clarity
The Income Tax Appellate Tribunal (ITAT) has revisited a critical tax issue concerning the disallowance of employee contributions to Provident Fund (PF) and Employees’ State…
Four New SIONs for Chemical Exports Notified
Streamlining Chemical Exports: DGFT’s New SIONs The Directorate General of Foreign Trade (DGFT) has taken a significant step to simplify the Advance Authorisation process for…
गोल्ड और चांदी की कीमतें फिसली, दिल्ली में गोल्ड 10 रुपये
भारत में गोल्ड और चांदी की कीमतें फिसली हैं, जिससे निवेशकों के लिए यह समय सावधानी से निर्णय लेने का है। गोल्ड और चांदी की कीमतें फिसली: 3 मुख्य बिंदु गोल्ड की कीमतें 2 दिनों में…
Aligning SEBI Rules with RBI Directions on Securitisation
Aligning SEBI Rules with RBI Directions on Securitisation Securitisation, a key financial instrument, has been subject to evolving regulatory frameworks. The Securities and…
Draft Panel for Statutory Auditors of Co-operative Banks
Co-operative Banks’ Statutory Auditors Draft Panel Released The Institute of Chartered Accountants of India has made a crucial step in the appointment process for statutory…