![CBDT Exempts Petroleum and Natural Gas Regulatory Board from Income Tax under Section 10(46A) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-CBDT-Central-Board-of-Direct-Taxes-Petroleum-and-Natural-Gas-Regulatory-Board-TAXSCAN.jpg "CBDT Exempts Petroleum and Natural Gas Regulatory Board from Income Tax under Section 10(46A) [Read Notification]")
CBDT Exempts Petroleum and Natural Gas Regulatory Board from Income Tax under Section 10(46A) [Read Notification]
The Central Board of Direct Taxes ( CBDT ), through Notification No. 118/2024 dated November 12, 2024, has granted the Petroleum and Natural Gas...
![Entry Made In Dispatch Register Does Not prove Service of Notice under Income Tax Act: Orissa HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-Income-Tax-Act-Income-Tax-Notice-Income-Tax-Act-1961-TAXSCAN.jpg "Entry Made In Dispatch Register Does Not prove Service of Notice under Income Tax Act: Orissa HC [Read Order]")
![Central Government Sets Arms Length Price Thresholds for Wholesale and Other Transactions under Income Tax Act [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/10/Income-Tax-Income-Tax-Act-Central-Government-Income-tax-Act-1961-Arms-Length-Price-Thresholds-TAXSCAN.jpg "Central Government Sets Arms Length Price Thresholds for Wholesale and Other Transactions under Income Tax Act [Read Notification]")
![ITAT Deletes ₹55,14,076 Penalty for Concealment of Income, Citing Inconsistencies in Income Assessment Estimates [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-Income-concealment-penalty-under-ITAT-TAXSCAN.jpg "ITAT Deletes ₹55,14,076 Penalty for Concealment of Income, Citing Inconsistencies in Income Assessment Estimates [Read Order]")
“Off the Books” Share Purchase Allegations: ICAI Disciplinary Committee finds CA not Guilty of Misconduct
The Institute of Chartered Accountants ( ICAI ) recently acquitted a Chartered Accountant ( CA ) of misconduct in a matter regarding “Off the Books” purchase of shares by a company facing allegations...
CBDT notifies Amendments to Income Tax Form 10A and 10B for Registration Purposes of Charitable Trusts and Institutions [Read Notification]
The Central Board of Direct Taxes ( CBDT ), vide Notification no. G.S.R.638(E) dated 15h October 2024, made amendments to Income Tax Forms 10A and 10B, which are essential for the registration of...
![CBDT notifies Amendments to Income Tax Form 10A and 10B for Registration Purposes of Charitable Trusts and Institutions [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/10/Income-Tax-CBDT-Income-Tax-Form-10B-Income-Tax-registration-TAXSCAN.jpg "CBDT notifies Amendments to Income Tax Form 10A and 10B for Registration Purposes of Charitable Trusts and Institutions [Read Notification]")
![Company-Leased Car provided to Employees not ‘Perquisite’, liable to GST: AAAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/AAAR-Tamil-Nadu-GST-GST-on-Leased-Car-TAXSCAN.jpg "Company-Leased Car provided to Employees not ‘Perquisite’, liable to GST: AAAR [Read Order]")
Non-Appearance due to Income Tax Notice issued to Ex-Employee: ITAT sets aside Ex Parte Order [Read Order]
In a recent case, the Ahmedabad bench of Income Tax Appellate Tribunal ( ITAT ) set aside an ex parte order observing that the assessee did not receive hearing notices sent by the Revenue, as they...
![Non-Appearance due to Income Tax Notice issued to Ex-Employee: ITAT sets aside Ex Parte Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Notice-ITAT-Ex-Parte-Order-TAXSCAN.webp "Non-Appearance due to Income Tax Notice issued to Ex-Employee: ITAT sets aside Ex Parte Order [Read Order]")
TDS Applicability on Accounting Provisions made towards Unfinished Work: ITAT restores Case back to CIT (A) [Read Order]
The Delhi bench “A” of the Income Tax Appellate Authority (ITAT) recently ruled on a case involving Tax Deducted at Source (TDS) applicability on accounting provisions made towards unfinished work. ...
![TDS Applicability on Accounting Provisions made towards Unfinished Work: ITAT restores Case back to CIT (A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Payment-TDS-Interest-Revenue-Penalty-ITAT-Payment-of-TDS-taxscan.jpg "TDS Applicability on Accounting Provisions made towards Unfinished Work: ITAT restores Case back to CIT (A) [Read Order]")