The Central Board of Indirect Taxes and Customs ( CBIC ) has notified the full exemption of  'Kala Namak Rice' Up to 1000 MTs from export duty with effect from April 3rd 20224. However the

The Central Government has permitted export of Kala Namak Rice under HS Code 1006 30 90 up to 1000 MT through Specified Customs Stations. The Directorate General of Foreign Trade ( DGFT ) has notified

In recent ruling, the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) observed that interest under land acquisition Act is capital receipt being an integral part of enhanced compensation, it is exempted

This is the weekly round of the Income Tax Appellate Tribunal ( ITAT ) that were published at Taxscan.in from March 16, 2024 to March 22 are analytically summarized in this Round-Up. AO blindly relied Investigation

This weekly round-up analytically summarizes the key tax judgments of the Supreme Court and all High Courts reported at Taxscan.in during March 10th to March 23rd of 2024. SUPREME COURT False Declaration under IDS to

The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) disallowed the indexed cost of construction, as the property sale was regularized in government records and is deemed a capital asset under Section

Section 80C of the Income Tax Act of India provides deductions for certain expenditures and investments, allowing individuals and Hindu Undivided Families to reduce their taxable income by up to Rs 1.5 lakh annually. This

The Directorate General of Foreign Trade ( DGFT ), vide notification No. 79/2023 dated 18th March 2024 has notified the amendment in import policy condition of urea ( Agricultural grade ). The amendment has extended

The single member bench of Income Tax Appellate Tribunal ( ITAT ) of Pune while observing the transfer of fixed deposits of deceased husbands during the demonetisation period for purchase of agricultural plots remands the

This is the weekly round of the Income Tax Appellate Tribunal ( ITAT ) that were published at Taxscan.in from March 09, 2024  to March 15 are analytically summarized in this Round-Up. Relief to Toyota

In a ruling in favour of Reliance Industries Ltd, the Ahmedabad bench of the Customs, Excise & Service Tax Appellate Tribunal  ( CESTAT ) has held that Levy under the Finance Act will apply to

The Ministry of Finance has announced the extension of its incentive scheme to further encourage digital payments across the country. This scheme incentivizes banks and other payment system operators to promote RuPay Debit Card transactions

The Calcutta High Court ruled that tea saplings not liable to tax under the Bengal Agriculture Income Tax Act, 1944. The writ petition has been filed praying to quash the impugned order passed by the

The Central Government, vide notification no. 14/2024 - Customs dated 14th March 2024 has granted the exemption to customs tariff and Agriculture Infrastructure and Development Cess ( AIDC ) for gold imported into India by

The Directorate General of Foreign Trade ( DGFT ), vide notification no. 73/202 dated 11th March 2024 has incorporated the Export Policy condition for export of Chitin, Chitosan, Chitosan Salts, Chitosan Salts (Chitosan Hydrochloride, Chitosan