CUP was not the most appropriate method for benchmarking the transaction for export of goods under manufacturing segment and upheld the assessee’s method of benchmarking. Net Margin Method ( TNMM…
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has deleted the addition of Rs. 52.9 lakhs as there is no Long Term Capital Gain ( LTCG…
Vineet Tractor Agency in Shahjahanpur was raided by the Special Investigation Branch of GST Bareilly Zone on Friday. The investigation confirmed large-scale financial irregularities. After discovering tax evasion of Rs…
The commercial tax department’s internal note, circulated to joint commissioners across divisions in the state, has caused concern among GST-paying traders associated with FTCCI (Federation of Telangana Chambers of Commerce…
Top Stories GST leviable on Brokerage Charges by Broker of Agricultural/Exempt Produce at 18%: AAR [Read Order] Commission earned in such a scenario is taxable under Goods and Services Tax…
The Department of Trade and Taxes has issued a circular regarding the Goods and Services Tax ( GST ) new registration. The CRC branch has decided to provide clarifications of…
Top Stories Delhi HC upholds Income Tax Demand Order u/s 148(A)(d) against Agriculturist for Deposit of Rs. 53.55 Lakhs in Bank Account, directs to pursue Statutory Remedy [Read Order] It…
Top Stories Understanding Income Tax Rules for FY 2024-25: A Comprehensive Guide for Salaried Employees Know the key differences and rules for new and old income tax regimes as a…
Top Stories GST Authorities Erroneously Debit wrongly availed ITC from ECL Despite Subsequent Reversal in GSTR-3B: Madras HC quashes GST Assessment Order [Read Order] The petitioner submitted the documentations, including…
The Kerala High Court remanded the matter for re-adjudication as the attachment of the bank account under Goods and Service Tax ( GST ) proceedings without considering the assessee’s contention.…