ITAT Mumbai held that disallowance under section 14A of the Income Tax Act upheld since assessee failed to compute suo moto disallowance which is mandatory, even if no exempt income is earned. Thus, ...

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 ...

Step 1: To access the GST Portal go to www.gst.gov.in. Choose “Services” > “Registration” > “New Registration”. Step 2: Part ...

Vide Finance (No. 2) Act, 2024, section 206C (1F) was amended to provide that TCS will also be levied on any other goods of ...

With informed planning and awareness of the available provisions, taxpayers can save a significant amount of LTCG tax on sale of agricultural land. Sections 54B, 54F, and 54EC are effective tools to ...

Under this notification, the import policy for these synthetic knitted fabrics is classified as “Restricted.” However, a provision allows for “Free” import if the Cost, Insurance, and Freight (CIF) ...

DGFT issued Trade Notice No. 03/2025-2026 dated 23rd April 2025, inviting feedback from stakeholders on proposed amendments to the Foreign Trade Policy (FTP) 2023. These amendments pertain to the ...

1. This has reference to the IFSCA circular no. IFSCA-DTFA/1/2025 dated April 08, 2025 (hereinafter referred to as the “Fee Circular”), which, inter-alia, provides the fee structure for the entities ...

GST के मामलों में उलझना अक्सर एक मुश्किल काम जैसा लगता है, खासकर जब आपको Show Cause Notice (SCN) मिलने लगें। एक सवाल जो अक्सर उठता है, वो ये है कि क्या GST विभाग एक ही वित्तीय वर्ष के लिए कई SCN भेज ...

It was submitted that the reasons recorded for reopening were mechanical and identical across years, sometimes even referring to incorrect assessment years. On appeal. It was held that CIT (A) passed ...

ITAT Ahmedabad held that addition u/s. 68 of the Income Tax Act towards capital contribution deleted since assessee furnished adequate evidence to prove the identity, genuineness and creditworthiness ...

ITAT Raipur held that CIT (A) is duty bound to dispose of all the grounds raised by assessee. Since CIT (A) failed to ...