Adani Group Reports Nearly 25% Increase in Tax Payments, Reaching ₹58,104 Crore in FY24
The Adani Group announced that it paid a substantial Rs. 58,104 crore in taxes for the financial year 2023-24. This amount represents nearly a 25%...
![Exemption of Interest from Surplus Funds in Bank FDs allowable u/s 10AA of Income Tax Act for Exporters in SEZ: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Act-Karnataka-High-Court-SEZ-Exports-TAXSCAN.jpg "Exemption of Interest from Surplus Funds in Bank FDs allowable u/s 10AA of Income Tax Act for Exporters in SEZ: Karnataka HC [Read Order]")
![Kerala HC deletes Penalty under KVAT Act as Goods Transported was for Own Use [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/kerala-high-court-kerala-hc-news-Penalty-under-KVAT-kerala-hc-on-kvat-act-kvat-news-kvat-act-news-kerala-hc-about-kvat-kerala-high-court-on-kvat-kerala-high-court-about-kvat-taxscan.jpg "Kerala HC deletes Penalty under KVAT Act as Goods Transported was for Own Use [Read Order]")
DGFT Clarifies SEZ Units Exemption (Other than FTWZ) from Specific Gold Items’ Import Restrictions Notified [Read Circular]
The DGFT (Directorate General of Foreign Trade) has clarified that the Gold Import Restrictions Notified in Notification no. 17/2024-25 dated 11.06.2024 is not applicable to the SEZ Units...
![DGFT Clarifies SEZ Units Exemption (Other than FTWZ) from Specific Gold Items’ Import Restrictions Notified [Read Circular]](https://www.taxscan.in/wp-content/uploads/2024/06/DGFT-SEZ-Directorate-General-of-Foreign-Trade-Exemption-Gold-Import-Import-Restrictions-taxscan.jpg "DGFT Clarifies SEZ Units Exemption (Other than FTWZ) from Specific Gold Items’ Import Restrictions Notified [Read Circular]")
Non-Hazardous Metals or Non-Contaminating Metals from Repairs Can Be Sold Domestically: Govt Notifies amended SEZ Rules [Read Notification]
The Government has amended the SEZ ( Special Economic Zone ) Rules with regards to the reconditioning, repair and re-engineering export and the Non-Hazardous Metals or Non-Contaminating from such...
No GST Leviable on the Sale of Goods Warehoused in Third Party FTWZ under MOOWR Scheme: AAR [Read Order]
The Tamil Nadu Authority for Advance Rulings ( AAR ) held that the Goods and Services Tax ( GST ) is not leviable on the sale of goods warehoused in third-party Free Trade Warehousing Zone ( FTWZ )...
![No GST Leviable on the Sale of Goods Warehoused in Third Party FTWZ under MOOWR Scheme: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/GST-AAR-Goods-services-tax-Authority-for-advance-rulings-Tamil-nadu-TAXSCAN.jpg "No GST Leviable on the Sale of Goods Warehoused in Third Party FTWZ under MOOWR Scheme: AAR [Read Order]")
Foreign Exchange Fluctuations have direct Nexus over Export Sales, would be Eligible for Deduction u/s 10A of Income Tax Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that foreign exchange fluctuations have direct nexus over export sales and would be eligible for deduction under Section 10A of the...
![Foreign Exchange Fluctuations have direct Nexus over Export Sales, would be Eligible for Deduction u/s 10A of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Income-Tax-Act-Income-Tax-Appellate-Tribunal-ITAT-delhi-Foreign-Exchange-Income-Tax-taxscan.jpg "Foreign Exchange Fluctuations have direct Nexus over Export Sales, would be Eligible for Deduction u/s 10A of Income Tax Act: ITAT [Read Order]")
![No Proof of Service of Service Tax Demand Order: Madras HC quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Madras-High-Court-Service-tax-Service-tax-demand-order-Madras-HC-taxscan.jpg "No Proof of Service of Service Tax Demand Order: Madras HC quashes Order [Read Order]")