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E-Way Bill Available for Gold on Portal: NIC

The National Informatics Centre has informed that the e-way bill is available for gold on the portal. As per the Government recommendation, E-Way Bill generation has been provisioned for movement...

E-Way Bill Available for Gold on Portal: NIC
Taxscan Team

'Mother-in-Law' includable as 'Family Members': ITAT deletes Addition on Excess Gold [Read Order]

The Visakhapatnam bench of the Income Tax Appellate Tribunal (ITAT) while deleting an addition, held that the mother-in-law of the assessee can be treated as a “family member” and therefore, the...

Mother-in-Law includable as Family Members: ITAT deletes Addition on Excess Gold [Read Order]
Taxscan Team

No Concealment / Smuggling of Gold: Madras HC allows the Release of Gold seized from NRI for Non-declaration on Payment of Fine [Read Order]

The Madras High Court has recently allowed a Non-Resident Indian to release the gold seized by the customs department for non-declaration holding that the same can be released as per section 125 of...

No Concealment / Smuggling of Gold: Madras HC allows the Release of Gold seized from NRI for Non-declaration on Payment of Fine [Read Order]
Taxscan Team

Appreciation of Disputed Facts on Transport of Gold with intention to Evade Tax to be appreciated by Statutory Authority: Kerala HC [Read Order]

The Kerala High Court has held that the appreciation of disputed facts regarding Transport of gold with intention to evade tax to be appreciated by statutory authority. The Petitioner, Kamalesh...

Appreciation of Disputed Facts on Transport of Gold with intention to Evade Tax to be appreciated by Statutory Authority: Kerala HC [Read Order]
Taxscan Team

CBIC notifies decrease in Customs Duty on Gold and Silver [Read Notification]

The Central board of Indirect Taxes and Customs (CBIC) notified the decrease in Customs Duty on Gold and Silver. The CBIC notified the reduction in the customs duty on gold from 11.85% to 6.9%. ...

CBIC notifies decrease in Customs Duty on Gold and Silver [Read Notification]
Taxscan Team

Income Tax Department conducts searches at various locations in Uttar Pradesh

The Income Tax Department started a search and survey action on 18/11/2020 in the case of a leading cattle feed producer in Northern India. The search and survey actions are being carried out at 16...

Income Tax Department conducts searches at various locations in Uttar Pradesh
Taxscan Team

ITAT deletes Addition since AO combined Value of Gold and Silver together, ignored CBDT Circular [Read Order]

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has recently deleted the addition made by the income tax department since it is found that the Assessing Officer while making the addition,...

ITAT deletes Addition since AO combined Value of Gold and Silver together, ignored CBDT Circular [Read Order]
Taxscan Team

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