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Finance Ministry Launches ICEGATE e-Payment Platform for Electronic Collection of Voluntary/Self-Initiated Payments [Read Circular]
The Ministry of Finance issued Circular No. 27/2024-Customs, dated 23rd December 2024, announcing the launch of the ICEGATE e-Payment Platform for...
ITAT sets aside Income Tax Addition due to lack of proper persuasion before Authorities, directs Re examination of Egg Traders Account [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) held that the additions made by the Assessing Officer ( AO ) cannot be sustained due to lack of proper persuasion by the appellant before...
![ITAT sets aside Income Tax Addition due to lack of proper persuasion before Authorities, directs Re examination of Egg Traders Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-Addition-lack-of-proper-persuasion-Authorities-Re-examination-Egg-Traders-Account-taxscan.jpg "ITAT sets aside Income Tax Addition due to lack of proper persuasion before Authorities, directs Re examination of Egg Traders Account [Read Order]")
RBI Notifies 4th Amendment to Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) Regulations, 2024 [Read Notification]
The Foreign Exchange Department of the Reserve Bank Of India ( RBI ) through Notification No. FEMA 10 (R)/(4)/2024-RB brought certain amendments to the Foreign Exchange Management (Foreign...
Reserve Transfers by NBFCs under RBI Act not Allowable Deduction in Computing Assessable Income: Madras HC [Read Order]
The Statutory Reserves transferred by the Non-Banking Financial Companies ( NBFCs ) under the Reserve Bank of India ( RBI ) Act is not allowable deduction computing assessable income under the...
