RBI to Conduct ₹25,000 Crore G-Sec Buyback via RBI’s E-Kuber on October 17
The Reserve Bank of India (RBI ), on behalf of the Government of India, has announced a buyback of government securities (G-Secs) worth ₹25,000...
![Non Payment of Basic customs duty and IGST at Time of Filing BEs Bars availment of Refund Benefit: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/GST-Goods-and-Service-Tax-CESTAT-customs-duty-Filing-bes-TAXSCAN.jpg "Non Payment of Basic customs duty and IGST at Time of Filing BEs Bars availment of Refund Benefit: CESTAT [Read Order]")
![Unit-Wise Deductions u/s 80IA must be Granted without considering Losses from other Eligible Units: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Ahmedabad-Unit-Wise-Deductions-Taxscan.jpg "Unit-Wise Deductions u/s 80IA must be Granted without considering Losses from other Eligible Units: ITAT [Read Order]")
![Packaging Activity Amounts To ‘Manufacturing’, Service Tax Not Payable: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Packaging-Activity-Amounts-Manufacturing-Service-Tax-Payable-CESTAT-TAXSCAN.jpg "Packaging Activity Amounts To ‘Manufacturing’, Service Tax Not Payable: CESTAT [Read Order]")
![ITAT Invalidates PCITs Hasty Revision u/s 263 and Remands Case for Fresh Hearing [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-Hasty-revision-under-Section-263-TAXSCAN.jpg "ITAT Invalidates PCITs Hasty Revision u/s 263 and Remands Case for Fresh Hearing [Read Order]")
RBI Orders Payment Service Providers to Review of Payment Systems for Improved Accessibility to Persons with Disabilities
The Reserve Bank of India ( RBI ) has issued a directive urging Payment Service Providers ( PSPs ), including banks and authorised non-bank entities, to review and modify their payment systems to...
Navigating GST Show Cause Notices for ITC Reversal Due to Non-Payment Within 180 Days [Find Draft Reply Format Here]
Receiving a Goods and Services Tax (GST) Show Cause Notice (SCN) for the reversal of Input Tax Credit (ITC) under the Goods and Services Tax (GST) regime can be a daunting experience for businesses....
![Navigating GST Show Cause Notices for ITC Reversal Due to Non-Payment Within 180 Days [Find Draft Reply Format Here]](https://www.taxscan.in/wp-content/uploads/2024/10/Navigating-GST-Show-Cause-Notices-ITC-Reversal-Due-to-Non-Payment-TAXSCAN.jpg "Navigating GST Show Cause Notices for ITC Reversal Due to Non-Payment Within 180 Days [Find Draft Reply Format Here]")
ITAT invalidates Addition u/s 56(2)(vii) and deletes Deemed Gift due to Incorrect Valuation Date [Read Order]
The Kolkata Bench ofIncome Tax Appellate Tribunal ( ITAT ) invalidated the addition made under Section 56(2)(vii) of the Income Tax Act,1961 and deleted the deemed gift classification due to the...
![ITAT invalidates Addition u/s 56(2)(vii) and deletes Deemed Gift due to Incorrect Valuation Date [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Kolkata-Deemed-Gift-Incorrect-Valuation-Date-Section-562vii-of-Income-Tax-Act-Income-tax-taxscan.jpg "ITAT invalidates Addition u/s 56(2)(vii) and deletes Deemed Gift due to Incorrect Valuation Date [Read Order]")
ITAT Addresses Non-Compliance by Assessee, Grants Opportunity to Present Case with Cost Imposed [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) addressed the issue of non-compliance by the assessee, granting him an opportunity to present his case and also imposed a nominal cost of...
![ITAT Addresses Non-Compliance by Assessee, Grants Opportunity to Present Case with Cost Imposed [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/ITAT-ITAT-Ahmedabad-ITAT-non-compliance-Assessee-non-compliance-Income-tax-Case-presentation-taxscan.jpg "ITAT Addresses Non-Compliance by Assessee, Grants Opportunity to Present Case with Cost Imposed [Read Order]")