Expenditures on freebies to doctors by the pharmaceutical sector violate Medical Council of India (MCI) regulations and disallows deductions under Section 37(1) of the Income Tax Act, 1961 By Aiswarya…
The GST Appellate Tribunal ( GSTAT ) has finally started to begin its baby steps towards functioning with the appointment of its first president, Justice (retd) Sanjaya Kumar Mishra. Legal…
While LRS rules were tightened in August 2022 to explicitly restrict investment in unlisted entities, tax experts say it is always risky Indian tax authorities are investigating wealthy individuals (…
It is certified that no person is being adversely affected by giving retrospective effect to this notification The Central Board of Direct Taxes ( CBDT ) has granted the Income…
DGFT extended the import period of yellow peas from 30th June 2024 to 31st October 2024 . The Directorate General of Foreign Trade ( DGFT ) has notified the extension…
RBI directs NBFCs to Limit Loan Amount to Rs. 20,000 RBI Tightens the Screws on NBFC Cash Disbursals By Manu Sharma.The Reserve Bank of India ( RBI ), India’s central…
ITAT directs to File Necessary Documents [Read Order] The ITAT has directed Asian Paints to file necessary documents after the company failed to furnish supporting details for its deduction claim…
Kerala GST Dept directs Taxpayers to Submit Declaration of appeal proposal before GSTAT to stay Revenue Recovery Various complaints have been received from taxpayers that in cases where the decision…
Delhi HC issues Notice to Government Over Non-adjudication of SCN and Order for 11-Years There was a substantial unexplained delay in both the SCN adjudication and the impugned order. The…
The Mumbai ITAT directed readjudication with respect to the liability of property tax paid on behalf of the collector. By The Mumbai bench of Income Tax Appellate Tribunal ( ITAT…