Tax department sends reassessment notices to global fund houses
The Income Tax Department has reopened old assessments of at least a dozen global fund houses and private equity funds […]
News
Press Release, Press Release
Income Tax Department conducts search operations in Madhya Pradesh
The Income Tax Department initiated search and seizure operations on two major business groups of Indore on November 25, 2021.
News
Tax department sends reassessment notices to global fund houses
The Income Tax Department has reopened old assessments of at least a dozen global fund houses and private equity funds
GST Recent News
GST authorities claim tax evasion by Mumbai-based Suumaya Industries
Mumbai-based Suumaya Group is under the scanner for alleged GST evasion. Shares of the company have been tumbling for days
Press Release, Press Release
India’s Merchandise Trade Preliminary data for the month of November 2021
India’s merchandise imports in November 2021 was USD 53.15 billion, an increase of 57.18% over USD 33.81 billion in November
News
Vodafone files for retro tax settlement with India
Vodafone has filed an application with the Indian government to settle its tax dispute under the retrospective law, agreeing to indemnify
Important Pronouncements
Where two reasonable constructions of a taxing provision are possible then the construction which favours the assessee must be adopted
The Hon’ble Customs, Excise & Services Tax Appellate Tribunal, Bangalore (“CESTAT”) in the matter of John’s Cashew Company v. Commissioner
Press Release, Press Release
Income Tax Department conducts search operations on a real estate group in Mumbai and Navi Mumbai Region of Maharashtra
The Income Tax Department initiated search and seizure operations on a real estate group, engaged in the construction of residential
GST Recent News
Minister calls for exempting educational services from GST
Higher Education Minister K. Ponmudi has written to Union Finance Minister Nirmala Sitharaman, urging her to exempt educational services from
Important Pronouncements
Penalty demand and proposal of confiscation cannot be separated from Customs duty demand
The Hon’ble Customs, Excise & Services Tax Appellate Tribunal, Bangalore (“CESTAT”) in the matter of M/s. Dhiren Enterprise v. Commissioner