Manu Sharma
Manu Sharma is a tax-law enthusiast who is also a Physics Graduate deeply passionate about gaming, puzzles, technology and movies. With an eye for detail and knack for legal research, Manu plays a crucial role in curating and editing content to ensure accuracy, clarity, and relevance.
Higher Late Fees payable even in absence of Income Tax Liability on belated ITR Filing when Income > ₹5 Lakhs
The Income Tax Return ( ITR ) late fees under Section 234F for the Assessment Year ( AY ) 2024-25 has thrown a bit of a curveball at individuals who...
Issuance of Reassessment Notices u/s 148 of Income Tax Act: CBDT issues Guidelines [Read Notification]
The Central Board of Direct Taxes ( CBDT ) under the Ministry of Finance has issued new guidelines for issuing notices under Section 148 of the Income Tax Act, 1961. These guidelines lay down the...
![Issuance of Reassessment Notices u/s 148 of Income Tax Act: CBDT issues Guidelines [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/07/CBDT-Income-tax-Reassessment-Notice-CBDT-notification-Central-Board-of-Direct-Taxes-taxscan.jpg "Issuance of Reassessment Notices u/s 148 of Income Tax Act: CBDT issues Guidelines [Read Notification]")
Empanelment of CA, CA/CMA/ICWA Firms: New Delhi Dept of Trades and Taxes calls for GST Special Audit
The Department of Trades and Taxes, New Delhi has issued a notice inviting "Expression of Interest" ( EOI ) from interested and eligible practising Chartered Accountants/Chartered Accountant Firms/...
Ignorance of Adjournment Application by First Appellate Authority: Karnataka HC quashes Income Tax Order against Toyota [Read Order]
The Karnataka High Court has ruled in favor of Toyota Industries Engine India Private Limited, setting aside an income tax assessment order that was challenged on grounds of procedural unfairness and...
![Ignorance of Adjournment Application by First Appellate Authority: Karnataka HC quashes Income Tax Order against Toyota [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/site-img-18.jpg "Ignorance of Adjournment Application by First Appellate Authority: Karnataka HC quashes Income Tax Order against Toyota [Read Order]")
[BREAKING] No Intention Attributable to Evade Tax on Debatable Issues: Bombay HC deletes Entertainment Duty Penalty against FPGI [Read Order]
A Division Bench of the Bombay High Court has deleted the penalty against the Film & Television Producers Guild of India ( FPGI ), while holding that no intention is attributable to evasion of...
GST Portal Update: GSTN Issues Advisory on Enhancements to Address-Related Fields in GST Registration Functionalities
In a recent development the Goods and Services Tax Network (GSTN) has introduced significant updates to the address-related fields in GST registration functionalities. These updates, effective...
Used Luxury Car Showroom Raid in Kozhikode, Kerala: Income Tax Dept unveils Rs. 102 Cr Black Money Transactions
Black money transactions totaling Rs 102 crores were uncovered in an income tax raid at a used car showroom in Kozhikode. The fraud reportedly took place at Royal Drive, owned by Malappuram native...
