The Income Tax Appellate Tribunal ( ITAT ), Chandigarh Bench, has recently, in an appeal filed before it, held that a wrong claim of depreciation does not attract a penalty. The aforesaid observation was made

Ministry of Minority Affairs, Government of India had constituted a Committee to review the existing Haj Policy of the Government for 2013-17 and to suggest framework for new Haj policy 2018-22. The Committee presented its Report

The Central Government notified the commencement of Section 247 (relating to valuers) of the Companies Act, 2013 with effect from 18thOctober, 2017. It also notified the Companies (Registered Valuers and Valuation) Rules, 2017 on 18thOctober,

ITAT upholds Assessment Order passed u/s 143(3) of Income Tax Act based on intimation made by section 143(1) of Act M/s. Areca Trus vs The Commissioner of Income Tax (Appeals) CITATION: 2023 TAXSCAN (ITAT) 1980

This yearly digest analyzes all the ITAT stories published in the year 2023 at taxscan.in Sai Prerana Co-op. Credit Society Ltd vs Income Tax Officer CITATION: 2023 TAXSCAN (ITAT) 500 The Income Tax Appellate Tribunal (ITAT),

WHAT ARE TAX INCENTIVES? An incentive is a benefit given to someone in order to encourage him to do something specific. Tax incentives are ways of reducing taxes for businesses and individuals in exchange for

This yearly digest analyzes all the ITAT stories published in the year 2023 at taxscan.in ACIT vs. Sh. Sanjay Choudhary Rajesh Pilot Chowk 2023 TAXSCAN (ITAT) 424 The Income Tax Appellate Tribunal (ITAT), Delhi Bench,

The Maharashtra GST AAR refers to the Advance Ruling Authority (AAR) for the state of Maharashtra under India's Goods and Services Tax (GST) regime. The AAR is a quasi-judicial organisation that assists taxpayers seeking clarification

In a strong dissenting judgment against the majority view of the Supreme Court, Justice BV Nagarathna expressed that the notes ban initiated by the Centre "vitiated and unlawful" and the Government cannot demonetize bank notes by merely

A Delhi High Court bench comprising of Justice S.Muralidhar and Justice Vibhu Bakhru held that Income aroused from the off-shore supply of goods cannot be taxable in India. The Delhi High Court, in a number

The war has begun. The first missile was fired by the CBIC through the CBEC Members letter F.No. CBEC-20/16/07/2020 Dt. 10.02.2020, wherein it was exhorted that in case of delayed filing of return (GSTR-3B), interest

Micro, Small, and Medium Enterprises (hereinafter referred to as ‘MSME’) are a blue-eyed boy for the government nowadays. In the recent budget session of 2023 also, the government has brought many important reforms for a

Many corporates in India (MNCs and Indian groups) make huge payments to foreign firms. Before making payments outside India, it is critical to determine the TDS (also known as Withholding Tax or WHT) implications on

According to the United Arab Emirates, UAE Federal Decree-Law No. 47 of 2022 on taxation of corporations and businesses (the Corporate Tax Law), businesses will become subject to UAE Corporate Tax from the beginning of

The Central Board of Direct Taxation (CBDT) issued norms regarding computation of income which is chargeable under the head’ Salaries’. The Income shall be chargeable to income-tax under the head "Salaries" : (a) Any salary