The Central Board of Direct Taxes ( CBDT ), has issued Circular No. 07/2024 dated 25.04.2024 further extending the due date for filing Form 10A/ Form 10AB under the Income-tax Act, 1961 ( the ‘Act’ ) upto 30th June, 2024. CBDT had earlier extended the due date for filing Form 10A/ Form 10AB by trusts, […]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal due to the failure to prove the genuineness of the share purchase transaction claim and the creditworthiness of the invested company. Shanno Mohammed Yusuf Warsi, an individual, filed its return of income for the year under consideration on 30/07/2013 declaring...
The Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ), Hyderabad Bench held that the Adjudicating Authority lacks jurisdiction when no show cause notice ( SCN ) is issued under Section 124 of the Customs Act, 1962. The appellant has applied to the Central Licensing Authority i.e., CDSCO, to grant import license in respect...
The Hyderabad Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) quashed confiscation and held that the import of second-hand medical devices having minimum residual life of 5 years or more not e-waste. The Appellant – Nano Hospitals Pvt Ltd is a 100 bed multi-specialty hospital, with specialization in cardiology, cardio...
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