Clipped from: https://taxguru.in/income-tax/goodwill-intangible-asset-eligible-depreciation-delhi-hc.html PCIT Vs Esys Information Technologies Ltd (Delhi High Court) Delhi High Court held that goodwill could be considered as an intangible asset and
Author: Anil R Tikotekar
👌👌👌👌👌👌👌Date of online acknowledgement is date of filing GST appeal: Karnataka HC
Clipped from: https://taxguru.in/goods-and-service-tax/date-online-acknowledgement-date-filing-gst-appeal-karnataka-hc.html Date of online acknowledgement of appeal filed be considered as date of filing appeal Summary: In the case of Hitachi Energy India Ltd. v. State
When deposits become ‘assets’ of banks: Innovation needed beyond high rates | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/when-deposits-become-assets-of-banks-time-for-innovation-over-high-rates-124102700468_1.html Offering a higher interest rate is an easy but costly solution My neighbour Mr Fernandez has resumed his habit of visiting bank branches.
Govt working on revamped interest subvention scheme for exporters | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/govt-working-on-revamped-interest-subvention-scheme-for-exporters-124102700352_1.html IES is an interest subvention scheme, under which benefits in the interest rates charged by the banks are given to the exporters on
SBI named Best Bank in India for 2024 by Global Finance Magazine – The Hindu BusinessLine
State Bank of India (SBI) was recognised as the Best Bank in India for 2024 by Global Finance Magazine of the US at its 31st
India needs to focus on being a global AI power – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/editorial/india-needs-to-focus-on-being-a-global-ai-power/article68803044.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/india-needs-to-focus-on-being-a-global-ai-power/article68803044.ece The country’s vast pool of skilled professionals in engineering, data science and software development puts it in a position to become a
👌👌👌👌👌👌👌CBDT Circulars Cannot Override Income Tax Act: Punjab & Haryana HC
Clipped from: https://taxguru.in/income-tax/cbdt-circulars-override-income-tax-act-punjab-haryana-hc.html Ishwar Chand Vs Union of India (Punjab and Haryana HC) In the case of Ishwar Chand vs Union of India, the Punjab and Haryana
Gold loans: Test by fire – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/specials/current-account/gold-loans-test-by-fire/article68802840.ece Governance, compliance in focus as RBI cautions lenders against lapses Gold loans are used by many Indian households to meet financial exigencies —
PM Modi urges vigilance against ‘digital arrest’ scams, calls for public awareness – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/pm-modi-urges-vigilance-against-digital-arrest-scams-calls-for-public-awareness/article68802796.ece A National Cyber Co-ordination Centre has been set up for synchronisation among investigative agencies working on cyber crime, says Prime Minister Narendra Modi
👌👌👌👌👌Income Tax Department Releases Updated Timeline for Tax Notices
Clipped from: https://www.taxscan.in/income-tax-department-releases-updated-timeline-for-tax-notices/451107/ If an assessment concerns partners following a firm’s assessment, it must be completed within 12 months from the end of the month in
👌👌👌👌👌👌👌Denial of deduction u/s. 54F merely because registration date is beyond stipulated period unjustified
Clipped from: https://taxguru.in/income-tax/denial-deduction-u-s-54f-registration-date-stipulated-period-unjustified.html ACIT Vs Siva Jyothi Palam (ITAT Visakhapatnam) ITAT Visakhapatnam held that denial of deduction under section 54F of the Income Tax Act merely
👌👌👌👌👌👌👌Tax Insights on Sale of Flat & Defective Return
lipped from: https://taxguru.in/income-tax/tax-insights-sale-flat-defective-return.html Arjuna – Krishna today I have two questions for you. Can I ask you? Krishna – hey Arjuna, off course you can. Arjuna – 1st question
👌👌👌👌👌ITAT quashes Assessment Reopening Over Notice Procedural Flaws
Clipped from: https://www.taxscan.in/itat-quashes-reopening-of-assessment-due-to-procedural-flaws-in-issuance-of-notice-read-order/450482/ The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) quashed the reopening of the assessment for the assessment year ( AY ) 2017-18
👌👌👌👌👌👌👌Income Tax Appeal Portal Update: ITAT Website Migrates to New Server
Clipped from: https://www.taxscan.in/income-tax-appeal-portal-update-itat-website-migrates-to-new-server/450620/ The migration process began this week and is expected to take approximately 3-4 days to complete. By Manu Sharma – On October 25, 2024 11:54 am –
👌👌👌👌👌Patna HC rules GST Appellate Authority must consider Grounds raised in Memo even while Considering Appeal Ex-Parte
Clipped from: https://www.taxscan.in/gst-appellate-authority-must-consider-grounds-raised-in-memorandum-even-while-considering-appeal-ex-parte-patna-hc/449734/ The Patna High Court ruled that the Goods and Services Tax ( GST ) appellate authority must consider the grounds raised in the
👌👌👌👌👌CBIC revises GST Notification on Renting Immovable Property RCM
Clipped from: https://www.taxscan.in/cbic-issues-corrigendum-to-gst-rcm-notification-on-renting-immovable-property-read-notification/449785/ In a significant update, the Central Board of Indirect Taxes and Customs ( CBIC ) has issued a corrigendum on October 22, 2024,
👌👌👌👌👌New ‘Tarun Plus’ loan category launched by FinMin under Mudra scheme, loans up to ₹20 lakh – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/new-tarun-plus-loan-category-launched-by-finmin-under-mudra-scheme-loans-up-to-20-lakh/article68794543.ece This initiative aligns with the Finance Minister’s budget announcement to raise the loan limit under the Mudra Scheme from ₹10 lakhs to ₹20
👌👌👌👌👌ITR data shows income inequality has come down, says SBI research report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/itr-data-shows-income-inequality-has-come-down-says-sbi-research-report/article68794574.ece Analysis of Income Tax Return data shows there has been a cumulative 74.2 per cent decline in income disparity coverage for those earning