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ITAT Rules in Favour of NDTV, Deletes Multi-Crore Disallowances u/s 14A and 40(a)(ia) [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Delhi bench, has delivered a mixed ruling in the case of New Delhi Television Ltd....

Reopening Assessment Twice on Same Issue Unconstitutional, Hits Articles 14 & 300A: Delhi HC in NDTv...

Apple to Move before Delhi HC against CCI on Behalf of Big Tech Companies

Chartered Accountant Killed after Hotel Meet-up with Dating App Partner, Kolkata Police Launch...

New GST Slabs Likely To Roll Out Around September 22

Parliament Passes Maharashtra VAT Amendment Bill 2024

Both legislative houses approved the Maharashtra Value Added Tax Act 2002 (Amendment) Bill, 2024. According to Deputy Chief Minister Ajit Pawar, the state government will work through the GST Council...

Amendment Bill 2024 - Tax Act 200 - Maharashtra VAT - Parliament - Amendment Bill - VAT - taxscan

[BREAKING] No Intention Attributable to Evade Tax on Debatable Issues: Bombay HC deletes Entertainment Duty Penalty against FPGI [Read Order]

A Division Bench of the Bombay High Court has deleted the penalty against the Film & Television Producers Guild of India ( FPGI ), while holding that no intention is attributable to evasion of...

Bombay High Court - Film & Television Producers Guild - FPGI - Entertainment Duty Penalty - taxscan

Bombay HC upholds Rs. 71.87L Entertainment Duty on FPGI for APSARA Awards 2006, Deletes 100% Penalty Imposed [Read Order]

The Bombay High Court upheld the entertainment duty of Rs.71,87,500/- imposed on the Film & Television Producers Guild f India ( FPGI ) for APSARA Awards, 2006, deleting the 100% penalty imposed...

Bombay HC - FPGI - APSARA - APSARA awards - appellate authority - TAXSCAN

Heavy Industries Ministry to Examine Requests for lower GST on Flex Fuel Vehicles, now at 28%

The Ministry of Heavy Industries is actively considering requests for a reduction in the Goods and Services Tax ( GST ) on Flexible Fuel Vehicles ( FFVs ) from the existing 28 percent, according to...

Deloitte Faces Credibility Crisis After Missing $462 Million Financial Fraud at Nigeria's Tingo Group Inc.; Firm under Scrutiny

Deloitte Touche Tohmatsu Ltd., the ‘Big 4’ Accounting firm is currently grappling with a severe reputational setback following its inadvertent oversight of a significant fraud within Nigeria's Tingo...

deloittte - tingo group - Deloitte and Tingo Group controversy - Tingo group deloitte - Financial fraud in Nigeria - Taxscan

Income Tax Search at Residences and Offices of Pharma Company Officials in Telangana

The income tax officials are currently conducting raids at the residences and offices including the CEO of the pharmaceutical company in Hyderabad which is the relative of Telangana Minister Sabitha...

Setback to NDTV: ITAT dismisses Deduction Claim towards Business Expenditure [Read Order]

In a major setback to NDTV, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) has confirmed the orders of the income tax department disallowing the deduction claim towards pre-operative...