Income Tax Officer (ITO), the Delhi ITAT addressed an appeal concerning a penalty under Section 271B of the Income Tax Act, imposed due to unreported turnover. Javed, a commission agent for the ...
Income Tax Officer (ITO) addressed a penalty imposed under Section 271B of the Income Tax Act due to a turnover exceeding the threshold requiring an audit. Tyagi, a distributor for Mother Dairy, filed ...
Section 128A of the Central Goods and Services Tax (CGST) Act, 2017, introduced effective November 1, 2024, provides a conditional waiver of interest and penalties for specific tax demands under ...
Answer: By reflecting accurate invoice and ITC information in the IMS, the system helps align supplier and recipient records, reducing discrepancies that could trigger mismatch notices from the tax ...
The TReDS platform empowers MSMEs by providing quicker access to working capital, enabling them to thrive and grow 🌟 in a competitive market. By onboarding more companies, this platform will further ...
The Institute of Chartered Accountants of India (ICAI) has revised the classification criteria for non-company entities concerning the applicability of Accounting Standards. Effective April 1, 2024, ...
Proposed review of the definition of Unpublished Price Sensitive Information (UPSI) under SEBI (Prohibition of Insider Trading) Regulations, 2015 to bring regulatory clarity, certainty and uniformity ...
1. From time to time, the departments of SEBI receive varied forms of communication from registered intermediaries/ regulated entities seeking clarification on the implementation of specific ...
The National Green Tribunal (NGT) of India is a unique judicial authority constituted to address environmental disputes and implement environmental laws. This authority was established through the ...
In the case of Ved Singh vs. ITO (ITAT Delhi), the taxpayer Ved Singh challenged a penalty levied under Section 271B of the Income-tax Act, 1961, amounting to ₹1,09,807 for the assessment year 2017-18 ...
ITAT Bangalore held that payments made by [Google Ireland Limited] GIL towards Adwords program is not in the nature of royalty or FTS [Fees for Technical Service] and hence the same is not taxable in ...
Bombay High Court directed the State of Maharashtra [including BMC, CIDCO, MIDC, MHADA, BEST and Municipal Corporation of ...