Top Stories Inability to prove Unexplained Cash Credit u/s 69A of Income Tax Act: ITAT remits issue to AO for Fresh Consideration [Read Order] Assessing Officer has made the addition…
In a recent ruling, the Madras High Court held that an expired Anti-Dumping Duty ( ADD ) notification cannot be extended. The court directed a reassessment of Huawei Telecommunications’s ADD…
In a recent case before Income Tax Appellate Tribunal (ITAT), New Delhi the assessee’s appeal was dismissed due to absence of representation in the appeals filed in previous assessment years.…
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…
If you’re having foreign assets, then you should show those while filing your Income Tax Returns ( ITR ). The income taxpayers with income from foreign sources, foreign bank accounts,…
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…
This weekly roundup analytically summarizes the key stories related to the Supreme Court and High Court reported at Taxscan.in from 10th November 2024 to 16th November 2024. Failure to Implement…
Top Stories [BREAKING] Duplication of Invoices in GST IMS Sorted! GSTN rectifies GST Portal Issues Duplication of invoices from last month reflecting in the Goods and Services Tax (GST) Invoice…
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…
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…