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![Applicability of 5% Tolerance u/s 56(2)(x): ITAT Rules Amendment Curative, Applies Retrospectively [Read Order]](https://images.taxscan.in/h-upload/2025/10/25/500x300_2099748-itat-amendment-curative-applies-retrospectively-taxscan.webp "Applicability of 5% Tolerance u/s 56(2)(x): ITAT Rules Amendment Curative, Applies Retrospectively [Read Order]")
Applicability of 5% Tolerance u/s 56(2)(x): ITAT Rules Amendment Curative, Applies Retrospectively [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the appeal, holding that the 5% tolerance under Section 56(2)(x) of Income Tax...
![CBIC issue clarification on Applicability of Social Welfare Surcharge on Goods Exempted from Basic and Other Customs Duties/Cesses [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/02/CBIC-Social-Welfare-Surcharge-Goods-Exempted-Customs-Duties-Cess-Taxscan.jpeg "CBIC issue clarification on Applicability of Social Welfare Surcharge on Goods Exempted from Basic and Other Customs Duties/Cesses [Read Circular]")
![CBDT releases Explanatory Notes to Provisions of Finance Act, 2018 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2018/03/Finance-Act-2018-Taxscan.jpg "CBDT releases Explanatory Notes to Provisions of Finance Act, 2018 [Read Circular]")
CBDT invites suggestions on Draft Notification pertaining to new Rule 11UAB of IT Rules, 1962 [Read Draft Notification]
The Central Board of Direct Taxes ( CBDT ) has invited suggestions on the draft notification pertaining to new Rule 11UAB of the Income Tax Rules, 1962. The Finance Act, 2018 has inserted clause...
![CBDT invites suggestions on Draft Notification pertaining to new Rule 11UAB of IT Rules, 1962 [Read Draft Notification]](https://www.taxscan.in/wp-content/uploads/2018/05/Business-Income-CBDT-Taxscan.jpg "CBDT invites suggestions on Draft Notification pertaining to new Rule 11UAB of IT Rules, 1962 [Read Draft Notification]")
PMLA Amendment enabling ED to proceed against Property held outside India applicable from 19th April [Read Notification]
The amendment to the Prevention of Money Laundering Act ( PMLA ) made vide Finance Act 2018 regarding the property held outside Indian territory is applicable with effect from 19th April 2018, said a...
![PMLA Amendment enabling ED to proceed against Property held outside India applicable from 19th April [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/01/PMLA-Act-Taxscan.jpg "PMLA Amendment enabling ED to proceed against Property held outside India applicable from 19th April [Read Notification]")
