An order u/s 263 was passed by CIT on grounds that exemption u/s 54F was not admissible as assessee owned more than one residential property as on the date of transfer & in the said order it was also ...

a. Vault Manager is a ‘regulated entity’ under the IFSCA KYC/AML-CFT Guidelines, thus, in accordance with the said guidelines, they shall conduct appropriate due diligence of customers who are the ...

The effect of this notification is applicable from the assessment year 2024-25 onwards. However, this tax exemption is subject to a specific condition. The National Mission for Clean Ganga must ...

G.S.R. 252 (E) .––In exercise of the powers conferred by section 295 read with section 206C of the Income- tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following ...

The introduction of this TCS on these particular high-value goods signifies a move by the tax authorities to monitor and collect tax at the point of sale for certain categories of transactions, ...

ITAT Delhi held that concealment of income via bogus share capital transaction duly attracts levy of penalty under section 271 (1) (c) of the Income Tax Act. Accordingly, appeal of assessee dismissed ...

ITAT Delhi held that approval memo u/s. 153D of the Income Tax Act is totally silent on the issues involved and has been ...

Madras High Court held that imposition of interest and penalty unwarranted as Input Tax Credit wrongly availed is reversed without utilization. Accordingly, since Input Tax Credit is not utilised, ...

NCLAT Delhi held that order for liquidation of corporate debtor justified since Committee of Creditors [CoC] exercised its commercial wisdom and chose to abstain from voting for resolution plan. Thus, ...

Thus, the time-limit for issuance of SCN in non-fraud or non – suppression cases is 2 years and 9 months from the due date of ...

Gujarat High Court held that initiation of revisionary proceeding under section 263 of the Income Tax Act post complete extinguishment of all tax liabilities of Corporate Debtor upon approval of ...

The macro-enabled Excel sheet is designed to: Automatically match B2B invoices: The tool compares invoice numbers and values between your records and the data downloaded from the GST portal or your ...