Finance Ministry Extends National Pension System Tax Benefits to Unified Pension Scheme for Central Government Employees

The Department of Financial Services, Ministry of Finance, has officially notified the introduction of the Unified Pension Scheme (UPS) as an option under the National Pension System (NPS) for recruits to…

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Question of Nature of Property as Agricultural land or not, decided by DRAT without Considering Evidence Submitted: Madras HC Remands Matter [Read Order]

The High Court of Madras remanded the challenge on nature of the property as agricultural land or not towards the Debt Recovery Appellate Tribunal, Chennai (“DRAT”) on finding that the tribunal…

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CESTAT Allows Customs Duty Exemption on HIV Test Kits Which Qualify as Life-Saving Diagnostic Kits [Read Order]

The New Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) has allowed Customs Duty exemption on HIV-VL test kits as it qualifies as life-saving diagnostic kits. The…

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Selecting Wrong Income Tax Section Code/Clause would Not Disentitle Appellant to Rightful Claim: ITAT directs de novo Hearing [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal ( ITAT ) held that the Selection of the wrong clause by the appellant cannot be treated as fatal to the proceedings initiated…

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Managing Section 143(2) Income Tax Scrutiny Notices for AY 2024–25: A Guide for Tax Practitioners with Checklist for Taxpayers

The Central Board of Direct Taxes has initiated the widespread issuance of scrutiny notices under Section 143(2) of the Income Tax Act for the Assessment Year 2024–25. As tax professionals, it is…

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Dispute Over Email ID in Income Tax Proceedings leading to Ex Parte Order: Madras HC Directs Fresh Consideration [Read Order]

The Madras High Court has remanded a case back to the Income Tax Department for fresh consideration after noting that an ex parte assessment order was passed without proper service of notice…

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Advocate Suffers from Depression/Memory Loss, Fails to Defend Appeal resulting Ex-parte Order: ITAT Remands for Fresh Adjudication

The Chandigarh Bench of the Income Tax Appellate Tribunal ( ITAT ) has set aside an ex-parte appellate order passed by the CIT(A)/NFAC after noting that the assessee’s counsel was suffering…

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