Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/coping-with-fiscal-effect-of-energy-transition/article65330384.ece Renewables: Fiscal pressures /iStockphoto urfinguss | Photo Credit: urfinguss Centre and States’ revenues from fossil fuels amount to 3.2 per cent of GDP.
Month: April 2022
*Standing deposit facility, a policy milestone – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/standing-deposit-facility-a-policy-milestone/article65330391.ece SDF can absorb surplus liquidity which is transient in nature. As a non-collaterised instrument, it can absorb large volumes The decision of the
*‘Investment cycle has started to turn’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/investment-cycle-has-started-to-turn/article65330396.ece But industrialist and author Naushad Forbes says for revival, consumption cycle has to start firing Why does India promise so much and deliver
Monsoon forecast cheers sugar industry – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/monsoon-forecast-cheers-sugar-industry/article65330381.ece With Skymet and the India Meteorological Department (IMD) predicting a normal monsoon in 2022, the sugar industry is hopeful of another bumper harvest
Extreme poverty more than halves in India: World Bank – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/extreme-poverty-more-than-halves-in-india-world-bank/article65330343.ece Extreme poverty in India has declined by over 12 percentage points during 2011-2019, a World Bank working paper has said.This is the second
Investors can now trade in fractional shares – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/investors-can-now-trade-in-fractional-shares/article65330342.ece Company law panel also moots issueof restricted stock units and stock appreciation rights Investors’ dream of holding a fraction of highly-priced stocks such
*Income Tax Return: Know the major changes in ITR Forms before you start filing return for AY 2022-23 | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-return-know-the-major-changes-in-itr-forms-before-you-start-filing-return-for-ay-2022-23/2493846/ The process of Income Tax Return (ITR) filing for the Assessment Year (AY) 2022-23 has been initiated with timely notification of ITR Forms
*Completion of Construction irrelevant to Apply S. 54F: ITAT allows Capital Gain exemption since Sale Deed was Registered within Prescribed Time [Read Order]-TAXSCAN
Read More: https://www.taxscan.in/completion-of-construction-irrelevant-to-apply-s-54f-itat-allows-capital-gain-exemption-since-sale-deed-was-registered-within-prescribed-time/168906/ Clipped from: https://www.taxscan.in/completion-of-construction-irrelevant-to-apply-s-54f-itat-allows-capital-gain-exemption-since-sale-deed-was-registered-within-prescribed-time/168906/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Capital%20Gain%20exemption Top Stories By Rasheela Basheer – On April 18, 2022 11:40 am The Bangalore bench of the ITAT has held that the date of
*Income Tax Return: Know the major changes in ITR Forms before you start filing return for AY 2022-23 | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-return-know-the-major-changes-in-itr-forms-before-you-start-filing-return-for-ay-2022-23/2493846/ The process of Income Tax Return (ITR) filing for the Assessment Year (AY) 2022-23 has been initiated with timely notification of ITR Forms
*No Penalty on Receiving Cash Loan from Family Members to Meet Business Exigency: ITAT-TAXSCAN
Clipped from: https://www.taxscan.in/no-penalty-on-receiving-cash-loan-from-family-members-to-meet-business-exigency-itat/168825/ Top Stories By Rasheela Basheer – On April 18, 2022 10:08 am The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the penalty under sections 271D
*Income Tax Dept issues Guidance on updating UDIN for Audit Reports submitted by CA Users-TAXSCAN
lipped from: https://www.taxscan.in/income-tax-dept-issues-guidance-on-updating-udin-for-audit-reports-submitted-by-ca-users/167913/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=DIN%20for%20Audit%20Reports%20submitted%20by%20CA%20Users The income tax department has issued guidance on updating UDIN for Audit Reports submitted by CA users which have to read in conjunction
*Non-Mentioning of Full Address of Buyer on Invoice: Madras HC orders to release Goods and Vehicles on Payment of 25% of Penalty Imposed [Read Order]-TAXSCAN
Read More: https://www.taxscan.in/non-mentioning-of-full-address-of-buyer-on-invoice-madras-hc-orders-to-release-goods-and-vehicles-on-payment-of-25-of-penalty-imposed/168134/ Clipped from: https://www.taxscan.in/non-mentioning-of-full-address-of-buyer-on-invoice-madras-hc-orders-to-release-goods-and-vehicles-on-payment-of-25-of-penalty-imposed/168134/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Madras%20HC Top Stories By Rasheela Basheer – On April 13, 2022 11:42 am The Madras High Court while ordering to release the goods and vehicles
*Re-Assessment at the behest of Audit Party is Invalid: Bombay High Court-TAXSCAN
Clipped from: https://www.taxscan.in/re-assessment-at-the-behest-of-audit-party-is-invalid-bombay-hc/168034/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Re-Assessment Top Stories By Rasheela Basheer – On April 12, 2022 10:08 pm A division bench of the Bombay High Court has held that the re-assessment under
*Post facto Amendment of GST Registration: Madras High Court quashes Penalty under GST as there was no Tax Evasion-TAXSCAN
lipped from: https://www.taxscan.in/post-facto-amendment-of-gst-registration-madras-high-court-quashes-penalty-under-gst-as-there-was-no-tax-evasion/168231/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=GST%20Registration Top Stories By Yogitha S. Yogesh – On April 13, 2022 4:01 pm The Madras High Court (Madurai Bench) considering the writ petition quashed the penalty
*Voluntarily Acceptance and Willingness to Pay the Duty at the Enhanced rate Exempt from Liability of Confiscation and Redemption Fine: CESTAT [Read Order]-TAXSCAN
Read More: https://www.taxscan.in/voluntarily-acceptance-and-willingness-to-pay-the-duty-at-the-enhanced-rate-exempt-from-liability-of-confiscation-and-redemption-fine-cestat/168183/ Clipped from: https://www.taxscan.in/voluntarily-acceptance-and-willingness-to-pay-the-duty-at-the-enhanced-rate-exempt-from-liability-of-confiscation-and-redemption-fine-cestat/168183/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Voluntarily%20Acceptance Top Stories By Jwala K.P – On April 13, 2022 4:39 pm The Mumbai bench of Customs, Excise & Service Tax Appellate Tribunal has
*Provisional Attachment shall not Hamper Regular Business: Gujarat High Court-TAXSCAN
Clipped from: https://www.taxscan.in/provisional-attachment-shall-not-hamper-regular-business-gujarat-hc/168336/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Provisional%20Attachment Top Stories By Rasheela Basheer – On April 14, 2022 11:04 am A division bench of the Gujarat High Court has held that the provisional attachment
*Repeal of S. 144B(9) vide Finance Act, 2022: Supreme Court stays High Court Order declaring Assessment Order Non-Est [Read Order]–TAXSCAN
Read More: https://www.taxscan.in/repeal-of-s-144b9-vide-finance-act-2022-supreme-court-stays-high-court-order-declaring-assessment-order-non-est/168455/ https://www.taxscan.in/repeal-of-s-144b9-vide-finance-act-2022-supreme-court-stays-high-court-order-declaring-assessment-order-non-est/168455/ Clipped from: https://www.taxscan.in/repeal-of-s-144b9-vide-finance-act-2022-supreme-court-stays-high-court-order-declaring-assessment-order-non-est/168455/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Repeal Top Stories By Rasheela Basheer – On April 14, 2022 8:07 pm The Supreme Court, in view of repeal of section 144B(9) of
*ACIT cannot Sanction Re-assessment Notice After Expiry Of 4 Years: Bombay HC-TAXSCAN
Clipped from: https://www.taxscan.in/acit-cannot-sanction-re-assessment-notice-after-expiry-of-4-years-bombay-hc/168573/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Re-assessment%20Notice Top Stories By Taxscan Team – On April 15, 2022 8:47 pm The Bombay High Court has held that the Additional Commissioner of Income Tax cannot
*The Term ‘Sufficient Cause’ shall Interpret Liberally: ITAT-taxscan
Clipped from: https://www.taxscan.in/the-term-sufficient-cause-shall-interpret-liberally-itat/168811/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=ITAT Top Stories By Rasheela Basheer – On April 18, 2022 6:57 am The Bangalore bench of the ITAT, in a significant ruling favoring the assessee, has held
*Delay in Processing Income Tax Refund: Bombay HC slams Income Tax Dept for causing Unnecessary Hardships to Taxpayers-TAXSCAN
Clipped from: https://www.taxscan.in/delay-in-processing-income-tax-refund-bombay-hc-slams-income-tax-dept-for-causing-unnecessary-hardships-to-taxpayers/166630/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Income%20Tax%20Refund Top Stories By Taxscan Team – On April 6, 2022 1:34 pm The Bombay High Court has recently criticized the income tax department and the Central Board
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