Clipped from: https://taxguru.in/goods-and-service-tax/personal-hearing-mandatory-section-754-passing-orders-allahabad-hc.html Summary: In the case of M/s. Eveready Industries India Limited v. State of UP, the Allahabad High Court addressed the requirement of personal hearings under
Category: Three Star
👌👌👌Passing of ex-parte order without considering merits of case unjustified: Matter restored
Clipped from: https://taxguru.in/income-tax/passing-ex-parte-order-merits-case-unjustified-matter-restored.html Ambika Prashad Vs ITO (ITAT Chandigarh) ITAT Chandigarh held that passing of an ex-parte order by CIT(A) without considering the merits of the
👌👌👌SC gives relief to IT department, but it’s bad news for 90,000 assessees – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/sc-gives-relief-to-it-department-but-its-a-bad-news-for-90000-assessees/article68713650.ece Taxpayers will need to quickly comply with the requirement of notices issued in their cases and complete the proceedings In a big win
👌👌👌Six tips to help choose right car insurance policy – Car News | The Financial Express
Clipped from: https://www.financialexpress.com/auto/car-news/six-tips-to-help-choose-right-car-insurance-policy/3628563/?ref=hometop_hp In India, car insurance is legally required, making it crucial for buyers to prioritize adequate coverage over low premiums and compare policies. In
👌👌👌Internship portal to be launched on Oct 3; top 500 companies can tie up with others in supply chain
Clipped from: https://indianexpress.com/article/business/internship-portal-launch-top-500-companies-tie-up-with-others-in-supply-chain-9598210/ Candidates selection through backend bots, companies to then scrutinise and pick; portal live from Oct 12. Candidates having studied from IIT, IIM, IISER
👌👌👌6 income tax rules introduced in Budget 2024 to be effective from Oct 1. Check list – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/6-income-tax-changes-introduced-in-budget-2024-oct-1-aadhaar-card-stt-tds-rate-direct-tax-vivad-se-vishwas-scheme-2024-447621-2024-09-26 The STT applicable to futures and options (F&O) trading is set to increase from October 1, 2024. Specifically, the tax rates for Futures
👌👌👌Resist real estate mania: Lessons from the Chinese property meltdown | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/resist-real-estate-mania-lessons-from-the-chinese-property-meltdown-124092900778_1.html The stance of financial policy must not be to prevent lending against the field of real estate. It must be to support the
👌👌👌Fake medicines pose health risks, economic costs; India fails to act
Clipped from: https://www.business-standard.com/opinion/columns/fake-medicines-pose-health-risks-economic-costs-india-fails-to-act-124093001229_1.html This attitude will need to change if India is serious about escaping the middle-income trap and joining the ranks of high-income nations –
👌👌👌Only 1 in 4 recognise heart condition symptoms: India Wellness Index 2024 | Personal Finance – Business Standard
Awareness of heart conditionsWhen it comes to heart health, the report showed that 89% of Indians are aware of the symptoms associated with heart disease,
👌👌👌Buying health plan in India can help NRIs during visits here – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/buying-health-plan-in-india-can-help-nris-during-visits-here-3624191/?ref=money_hp If payments are made through an NRE account, NRIs can avail of GST exemptions by submitting an exemption form to their insurance provider.
👌👌👌Advisory on Validity of GST Notices/Orders Without Digital Signatures
Clipped from: https://taxguru.in/goods-and-service-tax/advisory-validity-gst-notices-orders-digital-signatures.html On September 26, 2024, an advisory was issued regarding the validity of documents such as Show Cause Notices (SCNs) and Orders issued by
👌👌👌A provision fraught with practical problems – The Hindu
Clipped from: https://www.thehindu.com/opinion/op-ed/a-provision-fraught-with-practical-problems/article68675007.ece Section 107 of the BNSS gives unbridled powers to the court to not only attach any property (on the request of the police
👌👌👌Internship Scheme: Govt to list out 500 companies based on CSR spend | Company News – Business Standard
Clipped from: https://www.business-standard.com/companies/news/internship-scheme-govt-to-list-out-500-companies-based-on-csr-spend-124092001331_1.html The Ministry of Corporate Affairs (MCA) is likely to bring out a list of 500 companies that can participate in the Centre’s internship
👌👌👌Bombay HC strikes down changes to IT rules allowing Fact Check Unit – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/bombay-hc-strikes-down-changes-to-it-rules-allowing-fact-check-unit/article68664759.ece Comedian Kunal Kamra petitioned to the Bombay Court against the FCU stating that the new rules announced by the Centre could potentially lead
👌👌👌RBI unlikely to cut rates soon, but prolonged elevation could harm economy – Opinion News | The Financial Express
https://www.financialexpress.com/opinion/rbi-unlikely-to-cut-rates-soon-but-prolonged-elevation-could-harm-economy/3616140/ Clipped from: https://www.financialexpress.com/opinion/rbi-unlikely-to-cut-rates-soon-but-prolonged-elevation-could-harm-economy/3616140/ Our central bank may not immediately follow what Fed has done, but rates should not remain elevated for very long. Back home,
👌👌👌A mismatch of expectations and reality – Opinion News | The Financial Express
https://www.financialexpress.com/opinion/a-mismatch-of-expectations-and-reality/3616136/?ref=hometop_hp Clipped from: https://www.financialexpress.com/opinion/a-mismatch-of-expectations-and-reality/3616136/?ref=hometop_hp As India’s younger workforce strives to meet its economic aspirations, it’s crucial that we don’t sacrifice their health and happiness in the
👌👌👌In export push, govt steps in to raise container capacity amid shortage
https://www.business-standard.com/industry/news/in-export-push-govt-steps-in-to-raise-container-capacity-amid-shortage-124091801208_1.html Clipped from: https://www.business-standard.com/industry/news/in-export-push-govt-steps-in-to-raise-container-capacity-amid-shortage-124091801208_1.html Commerce Minister Piyush Goyal announces purchase of second-hand vessels Concerned over the fallout of the Red Sea crisis and severe shortage of
👌👌👌Fed rate cuts: Despite 50-bps rate cut, Jerome Powell says not going back to the era of easy money – The Hindu BusinessLine
https://www.thehindubusinessline.com/portfolio/technical-analysis/fed-rate-cuts-despite-50-bps-rate-cut-jerome-powell-says-not-going-back-to-the-era-of-easy-money/article68658793.ece Clipped from: https://www.thehindubusinessline.com/portfolio/technical-analysis/fed-rate-cuts-despite-50-bps-rate-cut-jerome-powell-says-not-going-back-to-the-era-of-easy-money/article68658793.ece Nifty and Dollar turn volatile, projections show 50-bps more rate cut for this year The US Federal Reserve on Wednesday made a
👌👌👌Corporates should take the lead in skill development initiatives: Minister Jayant Chaudhary – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/corporates-should-take-the-lead-in-skill-development-initiatives-minister-jayant-chaudhary/article68659249.ece Clipped from: https://www.thehindubusinessline.com/economy/corporates-should-take-the-lead-in-skill-development-initiatives-minister-jayant-chaudhary/article68659249.ece Governments cannot create a skilled labour force on their own, it has to be done in partnership with industry, he said India’s
👌👌👌Deduction u/s. 80P inadmissible as return filed after due date prescribed u/s. 139(1): ITAT Ahmedabad
https://taxguru.in/income-tax/deduction-u-s-80p-inadmissible-return-filed-due-date-prescribed-u-s-139-1-itat-ahmedabad.html Clipped from: https://taxguru.in/income-tax/deduction-u-s-80p-inadmissible-return-filed-due-date-prescribed-u-s-139-1-itat-ahmedabad.html Dared Seva Sahkari Mandali Ltd Vs Assessment Unit (ITAT Ahmedabad) ITAT Ahmedabad held that claim of deduction u/s 80P is admissible only
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