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…
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…
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…
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…
The Directorate General of Foreign Trade ( DGFT ), vide Notification No. 60/2023 dated February 13th, 2024 notified the Indian Trade Classification ( HS ) based export policy for Chapter…
Top Stories No Service Tax under Management, Maintenance or Repair in absence of Receipt of Consideration during warranty period: CESTAT [Read Order] The CESTAT held that Service Tax under Management,…
The Bangalore bench of the Customs Excise & Service Tax Appellate Tribunal ( CESTAT ) set aside Service Tax Demand on Work Contract Service for the period before 1.06.2007. M/s.…
The two member bench of Delhi Income Tax Appellate Tribunal ( ITAT ) comprising Amit Shukla ( Judicial Member ) and Padmavathy S. ( Accountant Member ) while deleting the…
The Supreme Court in the case of Flipkart Pvt Ltd upheld the Delhi High Court ( HC ) Order which allowed the Claim of Refund of Rs 6,62,74,405/- under the…
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) observed that Transaction done through Bombay stock exchange on Securities Transaction Tax ( STT ) cannot be considered…