Charitable institutions are considered as an important area of Indian Income Tax Act, 1961. It is running for the benefit of society, never to have focused on individual development. The government of India provides several tax

The Central Board of Indirect Taxes and Customs ( CBIC ) has issued Notification No. 13/2024-Customs dated March 06, 2024, amending the previous Notification No. 50/2017-Customs dated June 30, 2017. This amendment aims to lower

The Directorate General of Foreign Trade ( DGFT ) has issued Notification No. 66/2023 dated March 06, 2024, amending the import policy for Duck Meat. According to the notification, Premium Duck Meat intended for hotels

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the penalty under Section 271(1)(c) of the Income Tax Act, stating that property sale consideration should not be grounds for inaccurate income

The Jammu and Kashmir and Ladakh High Court ruled that leasehold interest in land is asset of company and capable of valuation. The Assessing Officer adopted the indexed cost of 7150 shares at Rs.2,33,23,300/-, instead

The Kerala High Court dismissed the review petition in the absence of error apparent on the face of record Tax Exemption on Bar Attached Hotels. The court observed that review jurisdiction is to be exercised

The Madras High Court  noted that the Section 116 A of the Tamil Nadu Urban Local Bodies Act, 1998 mandates that 15 days' time should be provided to the property tax assessee to respond to

This weekly round-up analytically summarises the key tax judgments of the Supreme Court and all High Courts reported at Taxscan.in during the previous week from February 23rd to March 01st of 2024. No TDS applicable

The single bench of the Kerala High Court dismissed the review petition on the judgement which directs payment of 5% Tax under the Kerala General Sales Tax Act, 1963 on the total turnover of bar-attached

In a recent decision the Kerala High Court, despite of lacking writ jurisdiction over the disputed legal question, has ordered an appellate review regarding the penalty imposed under Section 45A of the Kerala General Sales

The Kerala High Court dismissed review petition in the matter relating to the payment of interest on delayed payment of turnover tax by Bar Attached Hotels. The review petition has been filed seeking review of

The Kerala High Court in a recent judgement dismissed the review petition filed by the revenue department against the hotel owners in relation to sales tax exemption on bar-attached hotels and shops. The Court viewed

The Kerala High Court dismissed the review petition as the assessee paid the Central Goods and Service Tax (CGST) Act, 2017 as ordered by a Single Judge. Since there was no error apparent on the

The Delhi High Court allowed NRI businessman facing investigation under Black Money Act, 2015 to travel abroad and observed that Look Out Circular ( LOC ) cannot be continued for long period without any cogent

The Chief Commissioner of Bruhat Bangalore Mahanagara Palike (BBMP) has unveiled a draft notification on February 20, 2024, proposing significant changes in the determination of property tax. The focal point of this draft notification revolves