Reopening of Income Tax Assessment and Recalculation of Capital Gains without fresh Notice u/s 148 Invalid: ITAT quashes proceedings

Clipped from: https://www.taxscan.in/reopening-of-income-tax-assessment-and-recalculation-of-capital-gains-without-fresh-notice-u-s-148-invalid-itat-quashes-proceedings/266255/ The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has recently held that reopening of the Income Tax Assessment of the assessee and recalculation of Capital

CBIC notifies Deemed Withdrawal of Assessment on furnishing Non-filed GST Returns GSTR-10 and GSTR-3B

Clipped from: https://www.taxscan.in/cbic-notifies-deemed-withdrawal-of-assessment-on-furnishing-non-filed-gst-returns-gstr-10-and-gstr-3b/266455/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=CBIC%20notifies%20Deemed%20Withdrawal%20of%20Assessment The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification on 31st March 2023, stating that the assessment proceedings initiated by the

‘MSME lending not about credit assessment only, but also merchant’s intent, credit risk, loan recovery’ | The Financial Express

Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-fin-msme-lending-not-about-credit-assessment-only-but-also-merchants-intent-credit-risk-loan-recovery/3029522/ Credit and finance for MSMEs: In the lending and fintech environment, there are distinct types of players such as payment aggregators, surrogate players

👍👍👍New FTP draws mixed response from industry stakeholders; experts call for continuous action to reflect trade trends – The Economic Times

lipped from: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/new-ftp-draws-mixed-response-from-industry-stakeholders-experts-call-for-continuous-action-to-reflect-trade-trends/articleshow/99142888.cms Synopsis The country is likely to end this financial year with total exports of $760 billion compared to $676 billion in FY 22.

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