Clipped from: https://www.business-standard.com/india-news/aadhaar-authentication-by-pvt-entities-for-delivering-govt-schemes-proposed-123042000455_1.html Currently, only ministries and depts are permitted to undertake Aadhaar authentication for govt schemes Photo: Wikimedia Commons The Ministry of Electronics and Information
Month: April 2023
Losing favour: IT sector weighting in Nifty50 at 5-year low of 12.2%
Clipped from: https://www.business-standard.com/markets/news/it-sector-weightage-in-nifty-50-index-at-five-year-low-of-12-2-123042001084_1.html Gives up most of the gains in market cap in post-pandemic period The IT sector has now given up most of the gains
👍👍👍👍👍Time limit for issue of section 149 notice is in respect of Section 148
Clipped from: https://taxguru.in/income-tax/time-limit-issue-section-149-notice-respect-section-148.html Sylph Technologies Limited Vs Principal Chief Commissioner of Income Tax (Madhya Pradesh HC) The time limit for issue of notice under section 149
Deduction u/s 54F not Allowable if Assessee has More Than a Residential House at the Time of Claiming the Deduction: ITAT
Read More: https://www.taxscan.in/deduction-u-s-54f-not-allowable-if-assessee-has-more-than-a-residential-house-at-the-time-of-claiming-the-deduction-itat/270581/ Clipped from: https://www.taxscan.in/deduction-u-s-54f-not-allowable-if-assessee-has-more-than-a-residential-house-at-the-time-of-claiming-the-deduction-itat/270581/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Deduction%20u/s%2054F%20not%20Allowable%20if%20Assessee Deduction u/s 54F not Allowable if Assessee has More Than a Residential House at the Time of Claiming the Deduction: ITAT
👍👍👍👍👍👍👍Capital Gains Exemptions under Section 54, 54F and 54EC
Clipped from: https://taxguru.in/income-tax/capital-gains-exemptions-section-54-54f-54ec.html The Article covers Section 54 : (Exemption on Sale of Residential House), Section 54F (Exemption on Sale of LTCA Other than Residential House), Section
👍👍👍👍👍👍👍Complete Guidance on Form MSME-1
Clipped from: https://taxguru.in/company-law/complete-guidance-form-msme-1.html As we all are aware that all the Companies are required to file two MSME-1 forms with the concerned authority i.e. Registrar of
👍👍👍👍👍Co-op society entitled for deduction u/s. 80P(2)(d) in respect of interest received from co-op banks
Clipped from: https://taxguru.in/income-tax/co-op-society-entitled-deduction-u-s-80p2d-respect-interest-received-co-op-banks.html Ishwar Bhavan Cooperative Housing Society Ltd Vs CIT(A) (ITAT Mumbai) By placing reliance on the co-ordinate Bench decision of this Tribunal in the
👍👍👍Central Excise Act One year limitation not applies to Service Tax paid under Protest
Clipped from: https://taxguru.in/service-tax/central-excise-act-one-year-limitation-applies-service-tax-paid-protest.html Erweka India Vs Commissioner of Central Excise & ST (CESTAT Ahmedabad) The issue involved in the present case is whether the appellants refund
👍👍👍Clearance of two entities having same partners is to be clubbed for SSI exemption limit
Clipped from: https://taxguru.in/excise-duty/clearance-entities-partners-clubbed-ssi-exemption-limit.html Himalaya Equipments Vs C.C.E. & S.T. (CESTAT Ahmedabad) CESTAT Ahmedabad held that value of clearance of two entities having same partners are to
👍👍👍👍👍HC set aside Income Tax Notice issued & Order passed on dissolved LLP
Clipped from: https://taxguru.in/income-tax/hc-set-aside-income-tax-notice-issued-order-passed-dissolved-llp.html Lotus Law Partners LLP Vs ITO (High court of Delhi) Via this writ petition, a challenge is laid to notice dated 14.03.2022 issued under
👍👍👍👍👍Section 54 exemption cannot be denied for acquiring new house in wife’s name
Clipped from: https://taxguru.in/income-tax/section-54-exemption-denied-acquiring-house-wifes-name.html Income Tax Officer Vs Shri Julius (ITAT Chennai) ITAT held that acquisition of new house in wife’s name would not jeopardise Section 54
👍👍👍👍👍Section 75(4) U.P. GST Act is Mandatory, Even if no Demand in Writing for Hearing is made out: Allahabad HC Quashes Order
Clipped from: https://www.taxscan.in/section-754-u-p-gst-act-is-mandatory-even-if-no-demand-in-writing-for-hearing-is-made-out-allahabad-hc-quashes-order/269641/ By Aparna. M – On April 17, 2023 1:00 pm – 2 mins read In a significant case, the Allahabad High Court held that section 75(4) of
👍👍👍👍👍Delhi HC Set Aside Section 148A(d) Order Passed without Considering Reply of Assessee: Directs de novo exercise
Clipped from: https://www.taxscan.in/delhi-hc-set-aside-section-148ad-order-passed-without-considering-reply-of-assessee-directs-de-novo-exercise/269531/ The Delhi Bench of High Court has set aside the order passed under Section 148A(d) of the Income Tax Act 1961 as this
👍👍👍Madras HC sets aside Assessment Order passed violative of the Natural Justice Principle
Clipped from: https://www.taxscan.in/gst-madras-hc-sets-aside-assessment-order-passed-violative-of-the-natural-justice-principle/269735/ The Madras High Court set aside the assessment order passed under the Goods and Services Tax Act, 2017 which was violative of the
Disappointing numbers
Clipped from: https://www.business-standard.com/opinion/editorial/disappointing-numbers-123041701135_1.html IT sector has hit a rough patch Listen to This Article Disappointing results and pessimistic guidance from Tata Consultancy Services (TCS) and Infosys
HDFC Bank stock’s re-rating still some time away, say analysts
Clipped from: https://www.business-standard.com/markets/news/hdfc-bank-near-term-volatility-to-continue-as-merger-timeline-gets-delayed-123041700303_1.html HDFC Bank shares: Analysts believe a re-rating in the stock would happen as and when more clarity emerges on the smooth merger with
Preparing industry for Carbon Border Tax – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/preparing-industry-for-carbon-border-tax/article66748556.ece Indian exporters shifting to cleaner production processes and using renewable energy to power their plants are among six steps that can reduce the
What is AutoGPT? Here is all you need to know about autonomous GPT-4 tool – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/what-is-autogpt-here-is-all-you-need-to-know-about-autonomous-gpt-4-tool/article66740584.ece Auto-GPT uses OpenAI’s GPT-4 technology; seen as more advanced than ChatGPT As ChatGPT and other generative artificial intelligence (AI) models sweep headlines and gather internet
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