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Govt notifies new Delegation of Financial Powers Rules, 2024 under Article 77 of Indian Constitution
The Central Government , vide notification no. S.O. 1543(E) dated 22nd March 2024 has notified the new rule named ‘Delegation of Financial Powers...
![Trust engaged in providing Bogus bills for donation: ITAT rejects deduction claimed u/s 35 (1) (ii) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-Ahmadabad-Income-Tax-Act-Section-351ii-Income-Tax-Act-Trust-donation-bill-fraud-Deduction-rejection-for-bogus-donations-Taxscan.jpg "Trust engaged in providing Bogus bills for donation: ITAT rejects deduction claimed u/s 35 (1) (ii) of Income Tax Act [Read Order]")
Services of Leasing Land for Industrial purposes cannot be Treated as an Exempt Supply: AAR [Read Order]
The West Bengal bench of the Authority for Advance Ruling (AAR) observed that services of leasing land for industrial purposes cannot be treated as an exempt supply The issue to be decided was...
![Services of Leasing Land for Industrial purposes cannot be Treated as an Exempt Supply: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/AAR-Authority-for-Advance-Ruling-AAR-west-bengal-TAXSCAN.jpg "Services of Leasing Land for Industrial purposes cannot be Treated as an Exempt Supply: AAR [Read Order]")
No Sales Tax or VAT on Hiring of Motor Vehicles/Cranes by ONGC when Control rests with Contractor: Supreme Court [Read Judgement]
In a recent landmark decision, the Supreme Court clarified that the hiring of motor vehicles and cranes by ONGC from contractors is deemed a service, exempt from Sales Tax or Value Added Tax (VAT)....
![No Sales Tax or VAT on Hiring of Motor Vehicles/Cranes by ONGC when Control rests with Contractor: Supreme Court [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2024/01/Sales-Tax-VAT-Supreme-Court-sc-Hiring-of-Motor-Vehicles-Hiring-of-Cranes-ongc-taxscan-2.jpg "No Sales Tax or VAT on Hiring of Motor Vehicles/Cranes by ONGC when Control rests with Contractor: Supreme Court [Read Judgement]")
Government of India and Asian Development Bank Sign $250 Million Loan for Industrial Corridor Development
With a move aimed at boosting the manufacturing sector and fortifying national supply chains, the Government of India and the Asian Development Bank (ADB) has entered into a crucial agreement on...
