In a recent decision, the Delhi High Court restored the registration as the show-cause notice ( SCN ) failed to provide any rationale for the retrospective cancellation of the Goods…
he Delhi High Court ruled that the deduction of TDS by donor on grants does not disentitle NGO from exemption under Section 11 of the Income Tax Act, 1961. The…
The Telangana Authority of Advance Ruling ( AAR ) ruled that GST exemption allowable on supply of dal to department for women, children, disabled and senior citizens. The applicant M/s.…
Top Stories Failure to refer matter to Departmental Valuation Officers for Assessing Fair Market Value of Land Property: ITAT Partly allows Appeal [Read Order] The ITAT observed that the lower…
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) has deleted the penalty under Section 271(1) of the Income Tax Act, 1961, stating that penalties shall be…
This weekly round-up analytically summarizes the key stories of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) reported at taxscan.in, from February 19, 2024 to February 23,…
Top Stories No Deduction of TDS u/s 194 C of Income Tax Act for land leveling Expenses: ITAT deletes Income Tax addition [Read Order] ITAT has decided to delete the…
“Merely, because a taxpayer has not filed the returns for some period does not mean that the taxpayer’s registration is required to be cancelled with retrospective date also covering the…
Top Stories Sale Consideration as determined by Stamp Duty Authorities has to be adopted for purposes of Computation of Capital Gain: ITAT [Read Order] The ITAT bench observed as per…
The Central Board of Direct Taxes ( CBDT ) has recently made revisions to the Income Tax Return ( ITR ) Forms 2, 3 and 5 for incorporating necessary disclosure…