Clipped from: https://www.thehindubusinessline.com/opinion/editorial/rbis-climate-finance-push-is-significant/article66835212.ece Clear definitions on what constitutes ‘green’ is vital The Reserve Bank of India’s (RBI) recently released Report on Currency and Finance (RCF) spells
👍👍👍👍👍Non receipt of Notices: HC quashes Order of Maharashtra Sales Tax Tribunal
Clipped from: https://taxguru.in/goods-and-service-tax/non-receipt-notices-hc-quashes-order-maharashtra-sales-tax-tribunal.html Kirloskar Oil Engines Ltd. Vs State of Maharashtra and Ors. (Bombay High Court) Heard learned Counsel for the parties. 2. By this Petition,
👍👍👍AO to provide reasons to disbelieve bank statements for reopening of assessment
Clipped from: https://taxguru.in/income-tax/ao-provide-reasons-disbelieve-bank-statements-reopening-assessment.html Aditi Constructions Vs DCIT (Bombay High Court) We find that the jurisdictional conditions for invoking section 147 – 148 are not satisfied as
👍👍👍👍👍👍👍Composition Scheme Under GST – A Boon to Small & Medium Scale Enterprises
Clipped from: https://taxguru.in/goods-and-service-tax/composition-scheme-gst-boon-small-medium-scale-enterprises.html The composition scheme under the CGST Act is intended specifically for small taxpayers in order to facilitate compliance and simplify tax levies. It
👍👍👍👍👍👍👍Notice to Creditors before admitting IBC Section 10 Application is Not mandatory
Clipped from: https://taxguru.in/corporate-law/notice-creditors-admitting-ibc-section-10-application-mandatory.html In re Go Airlines (India) Limited (NCLT Delhi) Hon’ble National Company Law Tribunal (NCLT), Principal Bench, New Delhi in the matter of Go
GST: FinMin lowers e-invoicing threshold to ₹5 crore from August 1 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/gst-finmin-lowers-e-invoicing-threshold-to-5-crore-from-august-1/article66837529.ece Currently, businesses with turnover of ₹10 crore and above are required to generate e-invoice for all B2B transactions The Finance Ministry has issued
ITAT quashes Ex-parte Order due to Non-Service of Notice, grants Assessee Opportunity of Hearing
Read More: https://www.taxscan.in/itat-quashes-ex-parte-order-due-to-non-service-of-notice-grants-assessee-opportunity-of-hearing/276690/ Clipped from: https://www.taxscan.in/itat-quashes-ex-parte-order-due-to-non-service-of-notice-grants-assessee-opportunity-of-hearing/276690/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=ITAT%20quashes%20Ex-parte%20Order%20due%20to%20Non-Service%20of%20Notice,%20grants%20Assessee%20Opportunity%20of%20Hearing The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) recently quashed an ex-parte order due to the non-service of notice and granted
👍👍👍👍👍👍👍Section 80P(2)(d) Deduction eligible to co-op societies on interest from Co-op Banks
Clipped from: https://taxguru.in/income-tax/section-80p2d-deduction-eligible-co-op-societies-interest-co-op-banks.html Manila Sahayak Gruh Udyogsaha Vs ACIT (ITAT Ahmedabad) There is no dispute that Panchmahal District Co-operative Bank Limited and Dahod Urban Co-operative Bank
👍👍👍👍👍👍👍Credit society eligible for section 80P(2)(a)(i) deduction on interest on surplus funds with Union Bank
Clipped from: https://taxguru.in/income-tax/credit-society-eligible-section-80p2ai-deduction-interest-surplus-funds-union-bank.html Ghatkesar Farmers Service Cooperative Society Limited Vs ITO (ITAT Hyderabad) ITAT held that assessee being a primary agricultural co-operative society invested the own
No obligation to deduct section 194H TDS if commission not debited to Profit & Loss Account
Clipped from: https://taxguru.in/income-tax/obligation-deduct-section-194h-tds-commission-debited-profit-loss-account.html Ketan Sahebrao Purkar Vs ITO (ITAT Pune) The issue involved in the present appeal is whether on the facts and circumstances of the
👍👍👍👍👍👍👍Income Tax on Non-Resident Indians who sell House Property in INDIA
Clipped from: https://taxguru.in/income-tax/income-tax-non-resident-indians-sell-house-property-india.html Capital Gains Tax applies if Non-Residents sell any House Property in India. The Tax is payable on gains depending on whether it is
👍👍👍👍👍Demand of extended period not sustainable If no suppression of facts
Clipped from: https://taxguru.in/excise-duty/demand-extended-period-sustainable-suppression-facts.html C.C.E.-Ahmedabad Vs Quippo Energy Pvt Limited (CESTAT Ahmedabad) CESTAT held that since there is no suppression of fact, demand of extended period is
TDS not deductible on Foregone Salary & Employee cannot claim credit
Clipped from: https://taxguru.in/income-tax/tds-deductible-foregone-salary-employee-claim-credit.html Rajeshwera Rao Peri Vs CIT (TDS) (ITAT Delhi) The facts in brief are that the appellant was working as Ex-Chief Manager, Oriental Bank
Attachment of Bank Account: Calcutta HC directs Assistant Commissioner of Revenue to file Affidavit-in-Opposition
Read More: https://www.taxscan.in/attachment-of-bank-account-calcutta-hc-directs-assistant-commissioner-of-revenue-to-file-affidavit-in-opposition/276020/ Clipped from: https://www.taxscan.in/attachment-of-bank-account-calcutta-hc-directs-assistant-commissioner-of-revenue-to-file-affidavit-in-opposition/276020/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Attachment%20of%20Bank%20Account:%20Calcutta%20HC%20directs%20Assistant%20Commissioner%20of%20Revenue%20to%20file%20Affidavit-in-Opposition In a recent decision the Calcutta High Court directed the Assistant Commissioner of Revenue to file affidavit-in-opposition in the matter of
Use cost-effective, accessible group term cover to boost coverage
Clipped from: https://www.business-standard.com/finance/personal-finance/use-cost-effective-accessible-group-term-cover-to-boost-coverage-123050900906_1.html However, supplement this plan with an individual term policy for enhanced security Photo: Shutterstock Listen to This Article Bajaj Allianz Life Insurance Company
Zomato Shares sink 6% after rival food delivery aggregator Swiggy markdown
Clipped from: https://www.business-standard.com/companies/news/zomato-shares-sink-6-after-rival-food-delivery-aggregator-swiggy-markdown-123050900847_1.html Zomato ended the session at Rs 60.94 (BSE), valuing the food delivery company at Rs 52,281 crore Listen to This Article Shares of
Centre to come up with creditor-led insolvency resolution framework: Report
Clipped from: https://www.business-standard.com/economy/news/centre-to-come-up-with-creditor-led-insolvency-resolution-framework-report-123050900171_1.html The creditors and debtors will be allowed to reach an informal agreement to resolve the bankruptcy case and later approach the NCLT to
Apollo Tyres Q4 profit jumps 4-fold on lower rubber costs, strong demand
Clipped from: https://www.business-standard.com/companies/results/apollo-tyres-beats-q4-profit-view-on-lower-rubber-costs-strong-demand-123050900995_1.html Apollo also recommended a final dividend of Rs 4 per share Listen to This Article Indian tyre maker Apollo Tyres Ltd. reported a
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