Conclusion: Tax Concession on the buses owned by assessee to transport students and staff could not be denied just because the vehicle was registered in the name of Trust and not school as the ...
Madras High Court held that order passed against the dead person, who passed away before issuance of show cause notice, is unsustainable in law and liable to be set aside. Accordingly, order quashed.
Karnataka High Court held that the practice of issuing a single, consolidated show cause notice under section 73 of the CGST Act for multiple assessment years contravenes the provisions of the CGST ...
ITAT Ahmedabad held that the revisionary jurisdiction under section 263 cannot be exercised to widen the scope of the original assessment beyond the specific reasons recorded for reopening the ...
ITAT Ahmedabad held that additional evidence reconciling the discrepancy in receipts as per Form No. 26AS and books of accounts were not submitted before AO or CIT (A). Accordingly, matter send back ...
Karnataka High Court held that till disposal of the appeals filed by the Assessee, it is necessary to keep the penalty orders and notices in abeyance. Thus, demand notice kept in abeyance. Facts- ...
One Nation, One Election: A Step Towards Streamlining India’s Electoral Process ...
Delhi High Court held that cancellation of a tax payer’s GST registration does not absolve the tax payer from being held ...
Subject: Modification in framework for valuation of investment portfolio of AIFs 1. SEBI (Alternative Investment Funds) Regulations, 2012 (‘AIF Regulations’) were amended and notified on June 15, 2023 ...
2. In this regard, attention is drawn to rule 27 (1) of the Special Economic Zone rules, 2006 as amended. Accordingly, it is ...
On September 19, 2024, the Government of India issued Notification No. 62/2024-Customs (N.T.) under the Customs Tariff Act, ...
1. No Legal Impediment for Paying Rent to Spouse: There is no legal bar under the Income Tax Act in paying rent to the spouse for the purposes of income tax if the transactions are genuine and on ...