The Central Board of Direct Taxes ( CBDT ) released a Circular, No. 5/2024 dated March 15, 2024, under Section 268A of the Income-tax Act, 1961, outlining guidelines for the Department’s appeal filings before the Income Tax Appellate Tribunal, High Courts, and for SLPs/appeals before the Supreme Court aimed to reduce litigation. The circular stated...
The Income Tax Department released the JSON Schema for Income Tax Return ( ITR ) forms 1 and 4 for the Assessment Year (AY) 2024-25 on 18th March 2024. This release occurred 23 days early of schedule compared to A.Y. 2023-24. JSON is a file format utilized for downloading or importing pre-filled ITR data into […]
This weekly round-up analytically summarizes the key stories of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) reported at taxscan.in, from March 3, 2024 to March 15,2024 No Service Tax leviable on “Incentives”, distinct from “Commission”: CESTAT- Wig Air Freight Pvt. Ltd vs The Commissioner of Central Goods and Service Tax, New […]
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