No income tax additions can be made merely relying on a Retracted statement
The ITAT, New Delhi in ACIT v. Surya Global Steel Tubes Ltd [ITA No. 4778/Del/2016 dated May 09, 2023] has […]
Important Pronouncements, Income Tax Case Law
GST Law, Important Pronouncements
No relief granted against Attachment Order by High Court on ground of alternate appellate remedy available
The Hon’ble Orissa High Court in the case of Twisha Educational Private Limited v. Addl. CT & GST Officer [W.P
Income Tax News, News
PAN is mandatory to deposit Rs 2000 notes above this amount in bank account
The Reserve Bank of India (RBI) has withdrawn Rs 2000 notes from circulation. Individuals holding Rs 2000 notes can now
GST Recent News
Haryana’s excise and taxation Dept serves Rs 1,500cr GST notice on Gurugram-based online betting firm
In a first of its kind action, Haryana’s excise and taxation department has issued a notice of Rs 1,500 crore
GST Recent News
Bhavnagar linked to other fake billing scams
Links to Bhavnagar have been surfacing time and again in the GST fake billing scams reported from other parts of
News
Higher penalty, wider leniency will together bust cartels: MCA
Higher penalty for cartels and greater leniency provisions introduced in competition law last month will go hand in hand in
GST Recent News
Hunt for fake GST registration may turn heat on minnows of e-commerce
Small businesses that sell goods through e-commerce platforms fear a recently launched drive against fake Goods and Services Tax (GST)
GST Recent News
April rings in good times as GST collections rise, inflation eases
April marks a ‘good beginning’ to FY24, the finance ministry said, pointing to strong goods and services tax (GST) collection
CESTAT, Important Pronouncements
No Service Tax on sale of coaching material
The CESTAT Kolkata in the matter of M/s. Kanhaiya Singh Vision Classes Private Limited v. Commissioner of CGST & CX,
News
Introduce PLI for crucial components, reverse engg industrial labs, not small firm-dominated goods: GTRI
The government should not extend incentives under production linked incentive scheme (PLI) to small firm-dominated products like leather shoes and