Finance Ministry notifies Accessibility Standards for Banking Sector in Compliance with Disabilities Act [Read Notification]
The Ministry of Finance, for ensuring accessibility for persons with disabilities in the banking sector has introduced "Accessibility Standards and Guidelines for Banking Sector." This move aligns with the mandate outlined in Section 40 of
CESTAT rules Cognizant Technology not Liable to Reverse Cenvat Credit on Exempted Service of ‘Onsite Development of Software Services’ to Branch Office Situated Abroad [Read Order]
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) ruled that Cognizant Technology not liable to reverse cenvat credit on exempted service of ‘onsite development of software services’ to branch office
No Violation of Natural Justice Principles as three opportunities was given: Kerala HC upheld Demand for Service Tax [Read Order]
The Kerala High Court upheld the demand for service tax and held that there was no violation of natural justice principles as three opportunities were given. The whole effort of the petitioner was to postpone
Income Tax Benefit: Budget 2024 Extends Date of Startup LLP/Company Incorporation for S. 80IAC Exemption by One More Year [Read Finance Bill]
On February 1st, Finance Minister Nirmala Sitharaman introduced the Interim Budget 2024 in Parliament. An important feature is the prolongation of the deadline for the incorporation of Startup LLP/Company to qualify for the Section 80IAC
Respite for SEBI in the Karvy Stock Broking Matter: SC stays SAT order
On Thursday, the Supreme Court issued a stay on the Securities Appellate Tribunal's (SAT) order following a petition filed by the Securities and Exchange Board of India (SEBI) in the Karvy Stock Broking case. The
ITAT Weekly Round-Up
The stories on the Income Tax Appellate Tribunal ( ITAT ) that were published at Taxscan.in from January 19, 2024 to January 27, 2024 are analytically summarized in this Round-Up. Live Rights” not “Copyright”, any
Evaluating PSE Disinvestment Amidst the Extended Tax Exemption under Section 52(2)(x) of the Income Tax Act
The role of economic arrangements in the promotion of a free society is twofold. On the one hand, freedom in economic arrangements is in itself a component of freedom, in its broad sense. So, economic
Supreme Court and 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 January 13 to January 19, 2024, the last week of
Finance Ministry Permits new 6 Private Finance Companies to Perform Authentication under Aadhaar and PMLA
The Finance Ministry has granted authorization to six newly established private finance companies, enabling them to conduct authentication procedures under the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 and
SC condones delay in filing SLP in Kolkata Knight Riders case [Read Judgement]
The Supreme Court in its interim order condoned the delay by Revenue in filing Special Leave Petition against an order which had been filed in favor of the assessee challenging the various contractual arrangements and
ITAT Annual Digest [Part 70]
This annual digest analyzes all the ITAT stories published in 2023 at taxscan.in Payment from SET Satellite (Singapore) P. ltd are not Taxable as ‘royalty’ under Article 12(2) of India-Singapore Treaty: ITAT The Mumbai bench
ITAT Annual Digest [Part 66]
This annual digest analyzes all the ITAT stories published in 2023 at taxscan.in Failure of PCIT to Furnish Investigation Report or other Regulators in Respect of Scrips Dealt by the Assessee: ITAT quashes Revision Order
ITAT Annual Digest [Part 63]
This annual digest analyzes all the ITAT stories published in 2023 at taxscan.in Society not being Wholly/Substantially financed by Government can’t raise Claim for Exemption u/s 10(23C)(iiiab) of Income Tax Act: ITAT Chhattisgarh Rajya Open
ITAT Annual Digest [Part 61]
This annual digest analyzes all the ITAT stories published in 2023 at taxscan.in ITAT deletes TP Adjustment by TPO towards Payment of Royalty on Technology paid to Cadbury Adams USA LLC, and Cadbury Enterprises Pte
ITAT Annual Digest [Part 60]
This yearly digest analyzes all the stories published in the year 2023 at taxscan.in ITAT deletes Impugned Penalty on grounds of there being Sufficient Cause u/s 273 for failure to upload return of Income Electronically