Finance Ministry notifies Amendment including GSTN under PMLA [Read Notification]
The Central Government vide notification no. G.S.R. 491(E) published on 7th July 2023 notified the amendment adding Goods and Services Tax Network...
![ITAT deletes disallowance made u/s 80P of Income Tax Act on Failure to File ROI in Due Date Prior to Amendment of S.143(1) (a)(v) of Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-deletes-disallowance-Income-Tax-Act-on-Failure-to-File-ROI-in-Due-Date-Prior-to-Amendment-TAXSCAN.jpg "ITAT deletes disallowance made u/s 80P of Income Tax Act on Failure to File ROI in Due Date Prior to Amendment of S.143(1) (a)(v) of Act [Read Order]")
![CBDT amends Form 10A, 10AB, 10AC,10AD, 10B and 10BB governing Trusts and Charitable institutions w.e.f. October 1st, 2023 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/06/CBDT-amends-Form-governing-Trusts-Charitable-institutions-TAXSCAN.jpg "CBDT amends Form 10A, 10AB, 10AC,10AD, 10B and 10BB governing Trusts and Charitable institutions w.e.f. October 1st, 2023 [Read Notification]")
Additional Income Surrendered before 2nd Amendment to S.115BBE of IT Act chargeable at Ordinary Rate of 30%: ITAT quashes Revision Order [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently held that additional income surrendered before the 2nd amendment to Section 115BBE of Income Tax Act, 1961 should be chargeable at...
![Additional Income Surrendered before 2nd Amendment to S.115BBE of IT Act chargeable at Ordinary Rate of 30%: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Additional-Income-Surrendered-amendment-IT-Act-Income-Tax-Act-Ordinary-Rate-ITAT-quashes-Revision-Order-ITAT-Revision-Order-taxscan.jpg "Additional Income Surrendered before 2nd Amendment to S.115BBE of IT Act chargeable at Ordinary Rate of 30%: ITAT quashes Revision Order [Read Order]")
CBDT Amends E-Advance Rulings Scheme, 2022: Incorporates Majority Rule to Confront Split in Opinion [Read Notification]
The Central Board of Direct Taxes (CBDT) has amended the e-advance rulings of 2022 vide notification no. S.O. 2569(E) issued on 12th June 2023. The new amendment rules are called the e-advance...
Co-operative Society shall Liable to Furnish AIR only after Amendment u/r 114 E of Income Tax Rules: ITAT deletes Penalty [Read Order]
The Bangalore bench of Income Tax Appellate Tribunal (ITAT) has recently held that co-operative societies should be liable to furnish Annual Information Report (AIR) only after amendment under Rule...
![Co-operative Society shall Liable to Furnish AIR only after Amendment u/r 114 E of Income Tax Rules: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Co-operative-Society-Annual-Information-Report-Income-Tax-Rules-penalty-ITAT-Income-Tax-Rules-taxscan.jpg "Co-operative Society shall Liable to Furnish AIR only after Amendment u/r 114 E of Income Tax Rules: ITAT deletes Penalty [Read Order]")
Price Incurred in Excess of FRP by Sugar Cooperatives for Sugar Cane Purchased Allowable as per Latest Amendment u/s 155(19): ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) has held that price incurred in excess of fair and remunerative price (FRP) by sugar cooperatives for the sugarcane purchased is...
![Price Incurred in Excess of FRP by Sugar Cooperatives for Sugar Cane Purchased Allowable as per Latest Amendment u/s 155(19): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Price-Incurred-in-Excess-of-FRP-Sugar-Cooperatives-for-Sugar-Cane-Purchased-Allowable-as-per-Latest-Amendment-ITAT-TAXSCAN.jpg "Price Incurred in Excess of FRP by Sugar Cooperatives for Sugar Cane Purchased Allowable as per Latest Amendment u/s 155(19): ITAT [Read Order]")
ITAT allows Deduction as Amendment in Section 36(1) (va) only Applicable from April 1st Onwards [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) recently allowed the deduction due to amendment in Section 36(1)(va) of Income Tax Act, 1961 is only applicable from April 1st onwards. ...
![ITAT allows Deduction as Amendment in Section 36(1) (va) only Applicable from April 1st Onwards [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-allows-Deduction-as-Amendment-in-Section-361-va-only-Applicable-TAXSCAN.jpg "ITAT allows Deduction as Amendment in Section 36(1) (va) only Applicable from April 1st Onwards [Read Order]")
Entertainment Tax collected by Commercial Tax Officers under Bihar Entertainment Tax Act is ultravires of 101st Amendment: Patna HC [Read Order]
The Patna High Court observed that the entertainment tax collected by Commercial Tax Officers under Bihar Entertainment Tax Act is ultravires of the 101st Constitutional Amendment. The petitioner,...
