The Directorate General of Foreign Trade ( DGFT ) under the Ministry of Commerce & Industry has issued Notification No. 54/2024-25, amending the import policy for Glufosinate Technical under HS…
Top Stories Centre Announces Unified Pension Scheme: Retired NPS Employees Eligible to Opt for UPS [Read Notification] The Unified Pension Scheme guarantees 50% of the last 12-month average basic pay…
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) limits the addition of unexplained cash deposits during demonetization to ₹10 lakhs, considering the possibility of cash sales. Gaurangi…
Top Stories Cash Deposits during Demonetization: ITAT confirms Addition of ₹1.10 Cr u/s 69A and 115BBE of Income Tax Act [Read Order] The tribunal emphasised that procedural compliance, like applying…
Top Stories GST on Capital Goods: Know About ITC, Conditions, and Compliance Essentials Section 16(3) of the CGST Act lets taxpayers choose between ITC or depreciation on GST for capital…
Top Stories Loans from IPO Proceeds, Not Borrowed Funds: ITAT directs AO to recompute Interest Disallowance [Read Order] Considering the absence of a direct nexus between borrowed funds and loans…
Top Stories Insufficient Evidence to Prove Loan Creditworthiness: ITAT remands Unexplained Cash Deposits matter for Reconsideration [Read Order] Considering the lack of sufficient evidence to establish the creditworthiness of certain…
Top Stories AO Adds based on Mobile Phone Image Indicating Higher Sale Consideration: ITAT Deletes due to Absence of Corroborative Evidence [Read Order] Considering AO's reliance solely on a mobile…
In a recent decision, the Income Tax Appellate Tribunal ( ITAT ) has allowed the appeal of an assessee, directing the Assessing Officer ( AO ) to verify the documents…
The Supreme Court of India recently directed a Special Court to grant bail to a woman charged for non-bailable and cognizable offence, observing that the rigours of Section 45(1)(ii) of…