Tax Guru52m
Exemption u/s. 54F available to joint residential house when two houses constitutes single unit
ITAT Mumbai held that where two houses joint together constitutes a single unit for residence, then exemption under section ...
Tax Guru1h
Pune Court Grants Bail in GST Evasion Case of ₹144 Crore
Taking into account the arguments and the case laws presented, the Hon’ble Additional Sessions Judge, Pune, passed an order ...
Tax Guru1h
NIDB data alone cannot be base for rejection of transaction value: CESTAT Chennai
CESTAT Chennai held that enhancement of transaction value solely on the basis of NIDB data, without determining how imported ...
Tax Guru57m
Key Decisions in ICSI’s 312th Annual Council Meeting
THE INSTITUTE OF Company Secretaries of India IN PURSUIT OF PROFESSIONAL EXCELLENCE Statutory body under an Act of Parliament (Under the jurisdiction of Ministry of Corporate Affairs) Important ...
Tax Guru55m
Stamp Duty Exemption on Affidavits: Bombay HC Directs Implementation
In the case of Bhushan Ishwar Mahajan Vs. State of Maharashtra and others, the Bombay High Court heard a public interest litigation (PIL) concerning the implementation of a 2004 notification by the ...
Tax Guru1h
Penalty u/s. 271D set aside as claim made in an open and bonafide manner: ITAT Bangalore
ITAT Bangalore held that penalty under section 271D of the Income Tax Act not leviable in terms of section 273B of the Income Tax Act since claim of exemption u/s. 54 is made in an open and bonafide ...
Tax Guru1h
Why Income Tax Notices Are Issued: Reasons and Compliance Tips
Objective: Tax issues can be quite complex, especially when they relate to detailed scrutiny or reassessment notices. Therefore, advice from a Chartered Accountant (CA) or tax expert ensures that you ...
Tax Guru1h
CCI Fines Maruti Suzuki ₹200 Cr for Anti-Competitive Practices
Source: Title of the Article – CCI imposes ₹200 crore penalty on Maruti Suzuki for entering into anti-competitive agreements with dealers to restrict discounts| Author/Organization- Jelysna Chacko, ...
Tax Guru1d
Fly Ash Bricks/ Blocks containing less than 90% fly ash content liable to 5% GST: Gujarat HC
Gujarat High Court held that Fly Ash Bricks and Fly Ash Blocks containing less than 90% fly ash content is liable to 5% GST ...
Tax Guru22h
Common Mistakes to Avoid When Selecting from the Trademark Class List
Selecting the right instructions from the trademark class list is important for comprehensive emblem protection. Avoiding common mistakes like selecting the incorrect class, the use of vague ...
Tax Guru23h
GST Registration Cancellation Cannot Be Rejected Due to Ongoing Tax Scrutiny
Delhi HC rules GST registration cancellation cannot be rejected solely due to pending scrutiny of past tax liabilities. Application must be processed ...
Tax Guru23h
Evaluating effectiveness of Paris Agreement in Mitigating Climate Change
The Paris Agreement is a landmark climate accord that has international ramifications. It was adopted transnationally to address climate change and its detrimental impacts. The agreement aims to ...