Notwithstanding anything contained in section 66 of Chapter V of the Finance Act, 1994, as it stood prior to the 1st day of July, 2012, or in section 66B of the said Chapter of the said Act, as it ...

Conclusion: Assessee’s application for condonation of delay under Section 119 (2) (b) of the Income-tax Act, 1961, and the subsequent refund claim, were rightly rejected due to the delay exceeding the ...

Following Budget 2024, the long-term capital gains on domestic and foreign equity funds/ETFs/FOFs were to be taxed at 12.5%.

However, the court noted that a government press release clarified that the new definition applied solely for income tax ...

The Income Tax Appellate Tribunal (ITAT) Mumbai found the reassessment invalid, emphasizing that Section 147 requires a ...

CESTAT Chennai Sets Aside Re-Determined Customs Valuation in Anisha Trends Case: The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai, ruled on an appeal filed by Anisha Trends ...

The ITAT found that the addition made by the assessing officer was unjustified, as Bhargava had provided substantial documentation, including sale deeds and bank statements, to substantiate the source ...

The Kerala High Court addressed a revision petition concerning the Joint Commissioner’s jurisdiction to initiate proceedings against an assessment order. The petitioner, a manufacturer of unbranded ...

The petitioner further informed the court that subsequent notifications from both the Central and State revenue authorities had modified the deposit requirement for the stay, reducing it to 10% of the ...

Karnataka High Court dismissed an appeal filed by the Revenue against the Tribunal’s order, which deleted an addition of ₹33.71 crores under Section 56 (2) (viib) of the Income Tax Act, 1961. The case ...

The issue arose from a show-cause notice dated March 26, 2013, where the revenue proposed to demand duty from the appellant, arguing that the initial notification was effectively amended, restricting ...

In addition to previously approved disciplines, the new eligibility criteria now include degrees in Bachelor of Medicine and Bachelor of Surgery (MBBS), Bachelor of Dental Surgery (BDS), and various ...