![Wrongful deduction u/s 194-IB instead of 194 C: Madras HC quashes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Madras-High-Court-Madras-HC-Income-Tax-Income-Tax-Addition-Wrongful-Deduction-taxscan.jpg "Wrongful deduction u/s 194-IB instead of 194 C: Madras HC quashes Income Tax Addition [Read Order]")
Wrongful deduction u/s 194-IB instead of 194 C: Madras HC quashes Income Tax Addition [Read Order]
The Madras High Court quashed the income tax addition due to wrongful deduction under Section 194-IB instead of Section 194C of the Income Tax Act,...
![18% GST Applicable on Royalty Charges Received by Leaseholders of Mining Quarries: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/AAR-Authority-for-Advance-Ruling-GST-Mining-Quarries-Mining-Quarry-Leaseholders-taxscan.jpg "18% GST Applicable on Royalty Charges Received by Leaseholders of Mining Quarries: AAR [Read Order]")
![Finance Ministry notifies Customs Tariff Value of Oil, Gold, Silver and Areca nuts [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/09/Finance-Ministry-CBIC-Customs-tariff-update-CBIC-notification-on-gold-CBIC-notification-taxscan.jpg "Finance Ministry notifies Customs Tariff Value of Oil, Gold, Silver and Areca nuts [Read Notification]")
Karnataka HC sets aside Income Tax Assessment Order Relying on Stock Exchange and Bank Data Without Providing Hearing Opportunity [Read Order]
In a recent hearing, the Karnataka High Court set aside an assessment order passed on relying on stock exchange and band information without providing hearing opportunity for the assessee. Shameer...
![Karnataka HC sets aside Income Tax Assessment Order Relying on Stock Exchange and Bank Data Without Providing Hearing Opportunity [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-Income-Tax-Assessment-Stock-Exchange-and-Bank-Data-TAXSCAN.jpeg "Karnataka HC sets aside Income Tax Assessment Order Relying on Stock Exchange and Bank Data Without Providing Hearing Opportunity [Read Order]")
GST SCN and Assessment Order sent to Old Address Instead of New Address: Madras HC Sets aside Order [Read Order]
The Madras High Court has set aside the assessment order due to the Goods and Service Tax, the show cause notice and the assessment order were sent to the outdated address, while only the recovery...
![GST SCN and Assessment Order sent to Old Address Instead of New Address: Madras HC Sets aside Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Appeal-Pending-Assessment-Order-Income-Tax-Act-Kerala-HC-Demands-Stayed-until-Disposal-Stay-Petition-taxscan.jpg "GST SCN and Assessment Order sent to Old Address Instead of New Address: Madras HC Sets aside Order [Read Order]")
CID to Investigate ₹1,400 Crore GST Fraud Case Involving Former Chief Secretary, IIT-H Professor, and Commercial Tax Officials
The Crime Investigation Department ( CID ) is set to take over a high-profile case involving an alleged GST fraud of nearly ₹1,400 crore. The case includes prominent figures such as the former Chief,...
DGFT allows Free Imports of Yellow Pea Imports for Bill of Lading issued on or before Dec 31, 2024, Without MIP or Port Restrictions [Read Notification]
The Directorate General of Foreign Trade ( DGFT ) has announced an important update concerning the import of yellow peas. According to the new directive, yellow peas classified under ITC( HS ) Code...
