![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]")
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...
![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]](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]")
DSIR Registration is Sufficient to Claim Deduction u/s 35 (2AB) for Cases Prior to Clause (b) Rule 6(7A) Amendment: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently, in an appeal filed before it, held that DSIR registration is sufficient to claim deduction under Section 35 (2AB) of the Income Tax...
![DSIR Registration is Sufficient to Claim Deduction u/s 35 (2AB) for Cases Prior to Clause (b) Rule 6(7A) Amendment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/DSIR-Registration-is-Sufficient-to-Claim-Deduction-Cases-Prior-to-Clause-b-Rule-67A-Amendment-ITAT-TAXSCAN.jpg "DSIR Registration is Sufficient to Claim Deduction u/s 35 (2AB) for Cases Prior to Clause (b) Rule 6(7A) Amendment: ITAT [Read Order]")
Central Government notifies Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2023 [Read Notification]
Central Government notified the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2023 on 15th May 2023 by amending Companies (Compromises, Arrangements and Amalgamations)...
Central Govt Amends SEZ Rules Exempting Unit Sets up in International Financial Service Centre [Read Notification]
The Central Government with wide notification issued on 1st May 2023 amended the Special Economic Zones (SEZ) rules exempting the Unit set up in the International Financial Service Centre. The...
Amendment to S. 153C is Prospective: Material found from Premises of Searched Person should belong to Such Person to Initiate Proceedings, Rules ITAT
The Ahmadabad bench of Income Tax Appellate Tribunal (ITAT) has recently held that amendment in section 153c Income Tax Act 1961 was prospective and the material found from premises of searched...
Govt. Notifies Amendment to Prevention of Money-laundering (Maintenance of Records) Rules, 2005 [Read Notification]
The Central Government frequently amends existing legislation or rules in response to the need for such revisions. The Prevention of Money-Laundering (Maintenance of Records) Rules, 2005, were...
MCA Notifies Amendment to Companies (Authorised to Register) Rules, 2014 and Form URC-1 [Read Notification]
The Ministry of Corporate Affairs (MCA) has notified the the Companies (Authorised to Register) Amendment Rules, 2023 wherein the Government has amended the Companies (Authorised to Register) Rules,...
![MCA Notifies Amendment to Companies (Authorised to Register) Rules, 2014 and Form URC-1 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/01/MCA-Amendment-Companies-Amendment-to-Companies-Amendment-Rules-2014-Form-URC-1-taxscan.jpg "MCA Notifies Amendment to Companies (Authorised to Register) Rules, 2014 and Form URC-1 [Read Notification]")
Penalty under Rule 26 Central Excise Rules cannot be imposed for issuance of bogus LR when period involved is prior to amendment: CESTAT [Read Order]
The Division Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ), ruled that penalty under Rule 26 of Central Excise Rules, 2002 cannot be imposed for issuance of bogus LR when...
![Penalty under Rule 26 Central Excise Rules cannot be imposed for issuance of bogus LR when period involved is prior to amendment: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Penalty-Central-Excise-Rules-Central-Excise-bogus-LR-amendment-CESTAT-taxscan.jpg "Penalty under Rule 26 Central Excise Rules cannot be imposed for issuance of bogus LR when period involved is prior to amendment: CESTAT [Read Order]")