ITAT upholds Addition of Unexplained Income under Section 69A due to Assessee’s Non-Compliance [Read Order]

Top Stories ITAT upholds Addition of Unexplained Income under Section 69A due to Assessee’s Non-Compliance [Read Order] Despite being issued  multiple  notices and opportunities,the assessee failed to provide any explanation…

Continue ReadingITAT upholds Addition of Unexplained Income under Section 69A due to Assessee’s Non-Compliance [Read Order]

DGFT Proposes Notification of Harmonized Schedule-II (Export Policy) based on 8-Digit ITC (HS) Codes [Read Notice]

The Directorate General of Foreign Trade (DGFT) under Notification No. 22/2024-25 dated 14th November 2024, has proposed a new update to India’s export policy. The notification describes the introduction of…

Continue ReadingDGFT Proposes Notification of Harmonized Schedule-II (Export Policy) based on 8-Digit ITC (HS) Codes [Read Notice]

[BREAKING] Punjab and Haryana HC sets aside S. 74 GST Demand Notice and Order issued after Dropping S.61 Actions [Read Order]

The Punjab and Haryana High Court has quashed a Goods and Services Tax ( GST ) demand notice and order issued under Section 74 of the Central Goods and Services…

Continue Reading[BREAKING] Punjab and Haryana HC sets aside S. 74 GST Demand Notice and Order issued after Dropping S.61 Actions [Read Order]

Non-Issuance of Notice u/s 124 of Customs Act: Delhi HC directs Immediate Release of Detained Patek Philippe Watch [Read Order]

Top Stories Non-Issuance of Notice u/s 124 of Customs Act: Delhi HC directs Immediate Release of Detained Patek Philippe Watch [Read Order] It was noted that no seizure memo has…

Continue ReadingNon-Issuance of Notice u/s 124 of Customs Act: Delhi HC directs Immediate Release of Detained Patek Philippe Watch [Read Order]

Not Necessary for Custom Broker to keep Continuous Surveillance at Physical Address of Exporters: Delhi HC restores Licence [Read Order]

Top Stories Not Necessary for Custom Broker to keep Continuous Surveillance at Physical Address of Exporters: Delhi HC restores Licence [Read Order] The case involved M/s Shakti Cargo Movers, whose…

Continue ReadingNot Necessary for Custom Broker to keep Continuous Surveillance at Physical Address of Exporters: Delhi HC restores Licence [Read Order]

Savings A/c Cash Deposits treated as ‘Unexplained Money’ during Income Tax Assessment: ITAT Remands matter to AO [Read Order]

Top Stories Savings A/c Cash Deposits treated as ‘Unexplained Money’ during Income Tax Assessment: ITAT Remands matter to AO [Read Order] The ITAT proceed to remit the matter back to…

Continue ReadingSavings A/c Cash Deposits treated as ‘Unexplained Money’ during Income Tax Assessment: ITAT Remands matter to AO [Read Order]