https://taxguru.in/income-tax/reopening-assessment-u-s-147-void-ab-initio-issue-dealt-original-assessment.html DCIT Vs Cadila Pharmaceuticals Limited (ITAT Ahmedabad) ITAT Ahmedabad held that reopening of assessment u/s. 147 on the issue which is already dealt in
Category: ART
Corporation tax paid by listed companies at 4-year low in Q2 FY25
Clipped from: https://www.business-standard.com/economy/news/corporation-tax-paid-by-listed-companies-at-4-year-low-in-q2-fy25-124120201053_1.html Tax payment by listed companies was down 7 per cent year-on-year (Y-o-Y) in Q2FY25, their worst showing in the last four years and
👌👌👌👌👌Tweaks on cards for PM internship plan: Age, educational criteria may ease | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/tweaks-on-cards-for-pm-internship-plan-age-educational-criteria-may-ease-124120201016_1.html Move may be aimed at attracting more applicants Illustration: Ajay Mohanty The government may tweak the Prime Minister (PM) Internship Scheme to attract
Top Indian cities report about 1 million unsold housing units: Study | News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/top-indian-cities-report-about-1-million-unsold-housing-units-study-124120200871_1.html Photo: Shutterstock Listen to This Article The top eight Indian cities have reported high inventory levels, with about 1 million unsold housing units
👌👌👌👌👌👌👌Reassessment Proceeding initiated after 6 years is not valid; Department must prove dispatch of notice
https://taxguru.in/income-tax/reassessment-proceeding-initiated-after-6-years-is-not-valid-department-must-prove-dispatch-of-notice.html M/s Ardent Steel Limited, Vs ACIT (Chhattisgarh High Court) A focused glance of the Section 149 provision would show that the maximum time limit
👌👌👌👌👌👌👌Reassessment after 4 years not valid If Assessee Made Full & True Disclosure during original assessment
https://taxguru.in/income-tax/reassessment-4-years-valid-assessee-full-true-disclosure-original-assessment.html Ranjana Aggarwal Vs ITO (ITAT Delhi) When the original assessment is completed u/s 143(3) and the reassessment proceedings have been initiated after a period
👌👌👌👌👌👌👌Reassessment order quashed as mandatory requirement of notice u/s. 143(2) not complied
https://taxguru.in/income-tax/reassessment-order-quashed-mandatory-requirement-notice-u-s-143-2-complied.html Anand Sawroop Vs ITO (ITAT Chandigarh) ITAT Chandigarh held that reassessment order under section 147 of the Income Tax Act cannot be passed without
👌👌👌👌👌👌👌Calcutta HC Stays Section 148 Notice in Anup Kumar Case
https://taxguru.in/income-tax/calcutta-hc-stays-section-148-notice-anup-kumar-case.html Anup Kumar Agarwal Vs Union of India & Ors. (Calcutta High Court) In the case of Anup Kumar Agarwal Vs. Union of India & Ors., the
👌👌👌👌👌👌👌Rajasthan HC Quashes Reassessment Order in Search Case
https://taxguru.in/income-tax/rajasthan-hc-quashes-reassessment-order-in-search-case.html Clipped from: https://taxguru.in/income-tax/rajasthan-hc-quashes-reassessment-order-in-search-case.html Shiv Vegpro Private Limited Vs Deputy / Assistant Commissioner Of Income Tax (Rajasthan High Court) In the case of Shiv Vegpro Private Limited
👌👌👌👌👌Key Changes in GST Annual Return for FY 2023-24: Input Tax Credit Mismatch Risks
Clipped from: https://www.taxscan.in/one-change-in-table-8a-of-gstr-2a-check-now-or-might-ruin-your-itc-claims-in-gst-annual-return-gstr-9/460830/ The Goods and Services Tax ( GST ) Annual Return GSTR-9 for FY 2023-24 has introduced significant changes, particularly in how Input Tax
👌👌👌👌👌ITAT deletes addition on alleged Bogus LTCG due to procedural lapses and denial of cross-examination
Clipped from: https://www.taxscan.in/itat-deletes-addition-on-alleged-bogus-ltcg-due-to-procedural-lapses-and-denial-of-cross-examination-rights/460725/ In a recent ruling, the Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the additions related to alleged bogus
आवश्यक 👌👌👌👌👌Cost Inflation Index (CII): Meaning, Table, Calculation – IndiaFilings
Clipped from: https://www.indiafilings.com/learn/cost-inflation-index/ Last updated: September 16th, 2024 12:48 PM “The Cost Inflation Index (CII) in India for the financial year 2024-25 is 363.”The Cost Inflation
👌👌👌👌👌👌👌Reassessment quashed as reasons supplied to assessee & to higher forum were not same
Clipped from: https://taxguru.in/income-tax/reassessment-quashed-reasons-assessee-higher-forum-exact.html Nvidia Graphics Pvt. Ltd. Vs ACIT (ITAT Bangalore) ITAT Bangalore held that when the reasons supplied to the assessee and the reasons supplied
👌👌👌👌👌👌👌Are Your Advance Tax Payments on Course? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/are-your-advance-tax-payments-on-course/article68926896.ece With the December 15 deadline fast approaching, a lowdown on advance tax quarterly payments December 15, the deadline for payment of the next
👌👌👌👌👌👌👌No Section 54 Exemption for Plywood Structures: Delhi HC
https://taxguru.in/income-tax/exemption-u-s-54-admissible-structure-putting-plywood-sheets-delhi-hc.html Clipped from: https://taxguru.in/income-tax/exemption-u-s-54-admissible-structure-putting-plywood-sheets-delhi-hc.html Sandeep Hooda Vs PCIT (Delhi High Court) Delhi High Court held that putting together a structure of plywood sheets cannot be construed
Editorial-‘Personal’ trends in income tax – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/personal-trends-in-income-tax/article68924069.ece Agriculture income and the super-rich should be taxed The Income Tax Department of the Central Board of Direct Taxes (CBDT) released the Time
👌👌👌US Employment-based Green Cards: Majority of beneficiaries were family members of workers – Investing Abroad News | The Financial Express
Clipped from: https://www.financialexpress.com/business/investing-abroad-48-percent-of-employment-based-us-green-cards-issued-to-foreign-workers-52-percent-to-their-family-members-3677780/?ref=abroad_hp In 2023, only 48% of employment-based Green Cards were issued to workers, while 52% were given to their family members. (Bloomberg) United States
👌👌👌👌👌AI adoption faces hurdles amid growing business demand – Digital Transformation News | The Financial Express
lipped from: https://www.financialexpress.com/business/digital-transformation-ai-adoption-faces-hurdles-amid-growing-business-demand-3678755/?ref=hometop_hp One of the most pressing obstacles is the skill gap within organisations. Another significant challenge is data availability and management. (Bloomberg) As businesses
👌👌👌👌👌RBI Deputy Governor red-flags diversion of funds by some MSMEs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-deputy-governor-red-flags-diversion-of-funds-by-some-msmes/article68910927.ece It is important for them to use bank funds for the purpose they were borrowed for, RBI Deputy Governor Swaminathan J said RBI
aniltikotekar4sme.com 