PSBs to step up one-time settlement in written-off loans to meet 40% recovery target set by FinMin, RBI  – The Hindu BusinessLine

https://www.thehindubusinessline.com/money-and-banking/psbs-to-step-up-one-time-settlement-in-written-off-loans-to-meet-40-recovery-target-set-by-finmin-rbi/article67087514.ece lipped from: https://www.thehindubusinessline.com/money-and-banking/psbs-to-step-up-one-time-settlement-in-written-off-loans-to-meet-40-recovery-target-set-by-finmin-rbi/article67087514.ece PSBs could recover only ₹1.03-lakh crore from written-off loans aggregating ₹7.34-lakh crore in the last five years ended March 2022 Public sector

Kotak Bank’s employee turnover rises to 46% FY23 from 29% FY21 – The Hindu BusinessLine

https://www.thehindubusinessline.com/money-and-banking/kotak-banks-employee-turnover-rises-to-46-fy23-from-29-fy21/article67087497.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/kotak-banks-employee-turnover-rises-to-46-fy23-from-29-fy21/article67087497.ece The attrition was almost equitable for male and female employees, with 45.3 per cent male employees and 47.8 per cent female employees

Vault Matters: Oversight or overbearing — a thin line of difference – The Hindu BusinessLine

https://www.thehindubusinessline.com/specials/vault-matters-oversight-or-overbearing-a-thin-line-of-difference/article67086700.ece Clipped from: https://www.thehindubusinessline.com/specials/vault-matters-oversight-or-overbearing-a-thin-line-of-difference/article67086700.ece In the week gone by, senior members of the Reserve Bank of India had rounds of discussions with the heads of private

👍👍👍👍👍👍👍Bombay HC Allows Petitioner’s Advocate during GST Statement Recording

https://taxguru.in/goods-and-service-tax/bombay-hc-allows-petitioners-advocate-gst-statement-recording.html Clipped from: https://taxguru.in/goods-and-service-tax/bombay-hc-allows-petitioners-advocate-gst-statement-recording.html In a significant ruling, the Bombay High Court, in the case of Shri Prakash Kumar Rameshbhai Patel v. State of Maharashtra [Criminal Writ

👍👍👍👍👍👍👍Bonafide Belief Shields Appellant from Extended Period invocation for Service Tax Liability

https://taxguru.in/service-tax/bonafide-belief-shields-appellant-extended-period-invocation-service-tax-liability.html Clipped from: https://taxguru.in/service-tax/bonafide-belief-shields-appellant-extended-period-invocation-service-tax-liability.html Heena Enterprises Vs Commissioner of Central Excise & ST (CESTAT Ahmedabad) In the case of Heena Enterprises Vs Commissioner of Central Excise &

👍👍👍👍👍👍👍Critical Role of Initial Enquiry under Section 148A(a) for Taxpayer Protection

https://taxguru.in/income-tax/critical-role-initial-enquiry-section-148a-a-taxpayer-protection.html Clipped from: https://taxguru.in/income-tax/critical-role-initial-enquiry-section-148a-a-taxpayer-protection.html Section 148A, allows for the reopening of assessments where income chargeable to tax has escaped assessment but before AO issue an order

Order cancelling GST registration passed without assigning reason is non-speaking order

https://taxguru.in/goods-and-service-tax/order-cancelling-gst-registration-passed-assigning-reason-non-speaking-order.html Clipped from: https://taxguru.in/goods-and-service-tax/order-cancelling-gst-registration-passed-assigning-reason-non-speaking-order.html Om Trading Vs State of Gujarat (Gujarat High Court) Gujarat High Court held that order for cancellation of registration passed without assigning

👍👍👍👍👍The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the income earned by the co-operative society is eligible for deduction under Section 80P(2)(a)(i) of the Income Tax Act, 1961.

Clipped from: https://www.taxscan.in/income-earned-by-co-operative-society-is-eligible-for-deduction-u-s-80p2ai-of-income-tax-act-itat/298355/ Income Earned by Co-operative Society is eligible for Deduction u/s 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order] The Kolkata bench Section 80P(2)(a)(i) of the Income

Addition due to mismatch in 26AS and in books of account unsustained as difference duly explained

https://taxguru.in/income-tax/addition-due-mismatch-26as-books-account-unsustained-difference-duly-explained.html Clipped from: https://taxguru.in/income-tax/addition-due-mismatch-26as-books-account-unsustained-difference-duly-explained.html DCIT Vs Connect Residuary Pvt Ltd (ITAT Mumbai) ITAT Mumbai held that addition on account of mismatch between the income reported under

Capital Goods imported under Zero Duty EPCG Scheme is Eligible for Exemption : CESTAT Dismisses Appeal of Revenue

Clipped from: https://www.taxscan.in/capital-goods-imported-under-zero-duty-epcg-scheme-is-eligible-for-exemption-cestat-dismisses-appeal-of-revenue/299823/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Capital%20Goods%20imported%20under%20Zero%20Duty%20EPCG%20Scheme%20is%20Eligible%20for%20Exemption%20:%20CESTAT%20Dismisses%20Appeal%20of%20Revenue The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) dismissed the appeal filed by the revenue on the ground of imported capital goods

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