DVAT Registration Credentials Misused by Third Person for availment ITC under GST Act: Delhi HC Stays SCN [Read Order]

Top Stories DVAT Registration Credentials Misused by Third Person for availment ITC under GST Act: Delhi HC Stays SCN [Read Order] The petitioner, registered under DVAT Act pre-CGST, never applied…

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No Requirement of Commencement of activity for registration if Trusts already engaged in Charitable Activity: ITAT [Read Order]

In a recent case, the Pune bench of the Income Tax Appellate Tribunal ( ITAT ) has held that there is no requirement for commencement of activity for registration if…

Continue ReadingNo Requirement of Commencement of activity for registration if Trusts already engaged in Charitable Activity: ITAT [Read Order]

Interpretation of Section 32(2) of Income Tax Act: SC disposes of SLP filed by Income Tax Dept [Read Order]

The Supreme Court of India disposes of the Special Leave Petition ( SLP ) filed by the Income Tax Department in the challenge regarding the interpretation of Section 32(2) of…

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Software Firms that Purchase Computer Software from Foreign Software Suppliers exempted from Deducting TDS: SC dismisses SLP [Read Order]

The Supreme Court of India dismissed a special leave petition ( SLP ) in the challenge regarding the judgment on software firms that purchase computer software from foreign software suppliers…

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Non-Acceptance of Goods by Corporate Debtor does not equate to Operational Debt u/s 5(21) of IBC: NCLT [Read Order]

Top Stories Non-Acceptance of Goods by Corporate Debtor does not equate to Operational Debt u/s 5(21) of IBC: NCLT [Read Order] The NCLT held that non-acceptance of goods by a…

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Trust cannot be Barred from getting the benefit of Income Tax Deduction because of not Opting for it Previously: ITAT [Read Order]

Top Stories Trust cannot be Barred from getting the benefit of Income Tax Deduction because of not Opting for it Previously: ITAT [Read Order] The ITAT held that trust cannot be barred…

Continue ReadingTrust cannot be Barred from getting the benefit of Income Tax Deduction because of not Opting for it Previously: ITAT [Read Order]

Government Rolls Out Changes to Gem and Jewellery Sourcing in SEZs under SEZ ( Amendment ) Rules, 2024

Top Stories Government Rolls Out Changes to Gem and Jewellery Sourcing in SEZs under SEZ ( Amendment ) Rules, 2024 The notification announced the inclusion of the phrase "or free…

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