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FDRs Created as Business Necessity Mandated by PNB for Infrastructure Project Financing: ITAT allows Deduction u/s 80-IA(4) [Read Order]

Kavi Priya

The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) allowed a deduction under Section 80-IA(4) of the Income Tax Act, 1961, stating...

Intra-State Supply of Treated Water exempt from Service Tax: AAR [Read Order]

Next GST Council Meeting on Sept 9

CBIC issues Clarifications on GST Applicability on Certain Services as per Council Recommendations...

CBIC notifies GST Exemption to Services Provided by Indian Railways and SPVs w.e.f. 15th July 2024...

15% Contribution to SPV retained by Monitoring Committee to be treated as Business Expenditure: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Bangalore Bench ruled that 15% contribution to Special Purpose Vehicle (SPV) retained by the monitoring committee to be treated as business...

CESTAT deletes Penalty against IVRCL in absence of allegation of Fraud, Mis-representation [Read Order]

The Customs, Excises, Service Taxes Appellate Tribunal (CESTAT) held that there was no justification for the imposition of penalty, especially when there was no allegation of fraud,...

Cabinet approves Special Liquidity Scheme for NBFCs/HFCs to address their Liquidity Stress

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval to the proposal of the Ministry of Finance to launch a new Special Liquidity Scheme for Non-Banking...