The captioned appeals have been filed by the assessee, challenging the orders passed by learned Commissioner of Income Tax (Exemptions), Mumbai, (‘ld.CIT (E)’ for short), rejecting applications ...

ITAT Ahmedabad held that addition under section 56 (2) (vii) (b) of the Income Tax Act without referring valuations of property to DVO as per the provisions of sec-50C of the Income Tax Act is liable ...

Assessee filed return of Income at Rs. 3,33,950/- after claiming deductions under chapter – VIA and exempt income. Case was selected for scrutiny. When no compliance was made against the notices ...

ITAT upholds CIT(A) Order Deleting ₹12.92 Crore Income Tax Addition relying on Past Agricultural Purchases to fix 5.02% Gross ...

In the matter abovementioned ITAT has remanded the matter to AO after observing that revenue has accepted the assessee’s contention in earlier and subsequent years.

The importance of local governments and municipal bodies particularly in developing economies is increasingly being recognized with rising aspirations of citizens. The nature of social and economic ...

200% Penalty for Non-Disclosure of First Supplier’s Name & detailed address in Bill-to-Ship-to E-Way Bill – Whether justified?

A dynamic alternative has developed in corporate finance through reverse mergers, which enable private businesses to obtain public status without conducting traditional initial public offerings. A ...

In conclusion, the ITAT’s decision in favor of the trust reinforces the importance of adhering to CBDT guidelines. The ruling highlights that for trusts registered under Section 12A, the exemption ...

The Ministry of Finance has designated specific computer resources of the Directorate of Income Tax (Systems) under the Central Board of Direct Taxes as protected systems under Section 70 of the ...

Securities and Exchange Board of India (SEBI) has issued a circular outlining the due diligence certificate format for debenture trustees (DTs) handling unsecured debt securities. This follows ...

Ltd., challenging the GST assessment order issued by the State Tax Officer. The company, a non-vessel operating common carrier, was under scrutiny for various tax-related discrepancies in the ...