RBI Extends Govt Transaction Reporting Window, Issues Special Measures for Financial Year Ending
The Reserve Bank of India ( RBI ) has issued special measures to all the agency banks for the 2024-25 Financial Year ending. As the year ending is nearing, it is important for all banks
No Evidence to prove Allegation of Diversion of Public funds of 45.37 Crores: Andhra Pradesh HC dismisses Revision Petition [Read Order]
The Andhra Pradesh High Court dismissed the revision petition as there is no evidence to prove allegation of diversion of public funds of 45.37 crores. The Court found no illegality in the Order passed by
Supreme Court & High Courts Weekly Round Up
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
TDS filing Delayed due to Paucity of Funds and Interest Duly Paid: ITAT deletes Penalty u/s 272(2)(k) [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the penalty under section 272(2)(k) of the Income Tax Act, 1961 as Tax Deduction at Source ( TDS )  filing was delayed
Source for cash deposit in Saving Bank Account is made out of Sale Proceeds of Flat: ITAT deletes Addition
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) while deleting the addition made by the assessing officer held that source for cash deposit in savings bank account is made out of sale
Rs. 8 Crores GST- ITC Scam: Andhra Pradesh HC Dismisses Revision Petition Seeking Police Custody for TDP Leader’s Son [Read Order]
The Andhra Pradesh High Court inclined to interfere with the Order passed by the Magistrate denying the police custody of the son of TDP leader on Rs. 8 crores Goods and Services Tax ( GST
Issuance of GST Invoices without Supply of Goods to Buyers: Gujarat HC grants Bail to Accused [Read Order]
The Gujarat High Court granted bail to accused in the matter regarding issuance of GST invoices without supply of goods to buyers. The counsel for the applicant submitted that submitted that the investigation has already
SME Timely Payments Alert: Make Payments by March 31, 2024 to ensure Section 43B(h) Compliance
This article discusses the amendment to the Income Tax Act that impacts how certain deductions are calculated for payments made to micro and small enterprises ( MSMEs ) and its impact on the payments made
Advance paid by Speculative Buyer in Real Estate not Financial Debt under IBC: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) observed that advance paid by speculative buyer in real estate not financial debt under the Insolvency and Bankruptcy Code, 2106 (
CA Vacancy in EY
The EY invited applications for the post of Manager - Consultant-Supervising Associate Position Description Overall position purpose To assist the Talent Development Team with the effective coordination and deployment of the our external learning programs including
‘Senior Citizens’ Tax Saving Guide for Tax planning 2023-24: SCSS vs Tax-Saver FDs
If you're looking to save on taxes for the financial year 2023-24, the key is to invest before March 31, 2024. For senior citizens seeking fixed income investments, the question arises: where to invest to
Unexplained Expenditure justified as Business Promotion Expenses with Relevant Bank Statements: ITAT deletes Addition u/s 69C [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) removed the addition under Section 69C of the Income Tax Act, 1961 after justifying unexplained expenditure as business promotion expenses with relevant bank
Allahabad HC rejects Anticipatory Bail Application in Rs. 2645.2 Crore GST-ITC Scam [Read Order]
The Allahabad High Court has rejected the anticipatory bail application of the accused involved in the Goods and Services Tax ( GST ) - Input Tax Credit ( ITC ) scam of Rs. Rs. 2645.2
Supreme Court & High Courts Weekly Round Up
This weekly round-up analytically summarizes the key tax judgments of the Supreme Court and all High Courts reported at Taxscan.in during the previous week from March 2nd to March 9th of 2024. Opportunity not Granted
ITAT Weekly Round Up
This is the weekly round of the Income Tax Appellate Tribunal ( ITAT ) that were published at Taxscan.in from March 01, 2024  to March 08 are analytically summarized in this Round-Up. Successor Company can