Tax Guru10m
Revised Market Capitalisation Compliance – SEBI LODR 2024
As per SEBI circular dt.: 12 July, 2023 [2] read with reg. 34 of SEBI LODR top 500 companies as per market cap on 31 st ...
Tax Guru41m
Uttarakhand HC Stays Notification Extending limitation for GST Adjudication
Union of India (WPMB No. 548 of 2024), the Uttarakhand High Court stayed the operation of Notification No. 56/2023, issued on ...
Tax Guru4h
MP HC Upholds IT Notice on Rs.6.39 Crore Entry Linked to Demonetization
These investigations revealed that R.K. Bullion received RTGS credits amounting to Rs.6.39 crores during the demonetization ...
Tax Guru5h
Transfer pricing disallowance as assessee failed to prove any benefit not justifiable: ITAT Bangalore
ITAT Bangalore held that merely because the assessee has failed to prove any benefit from services received the disallowance ...
Tax Guru5h
AP HC Confirms ITC Entitlement under Circular No. 237/31/2024-GST
The petitioner sought several reliefs, including the annulment of orders passed by the Assistant Commissioner, particularly ...
Tax Guru6h
HP VAT: Section 16(7) Penalty Requires Applicability of Section 16(4) – HP HC
2. Admittedly, none of the authorities below has satisfied itself with regard to the applicability of provisions of ...
Tax Guru6h
Unsigned SCN Invalid Under Section 73 of CGST Act: Gauhati HC
The Gauhati High Court, in the case of Shambhu Prasad Vs State of Assam & Ors, addressed key issues regarding the validity of ...
Tax Guru18m
IT department verifying Section 80GGC Political Donation deduction: What to Do?
If you’ve mistakenly claimed a deduction under Section 80GGC that you weren’t entitled to, it’s advisable to rectify the error by filing an updated return. Taking corrective action now can help you ...
Tax Guru37m
PAS 6 Applicability for Non-Listed Companies: What You Should Know
PAS 6 Applicability guarantees that non-listed organizations uphold the right governance practices concerning shareholder facts, even without a public listing. This is mainly critical for companies ...
Tax Guru59m
Non-Submission of documents: ITAT Restores Trust Registration Case to CIT(E)
The captioned appeals have been filed by the assessee, challenging the orders passed by learned Commissioner of Income Tax (Exemptions), Mumbai, (‘ld.CIT (E)’ for short), rejecting applications ...
Tax Guru1h
Addition u/s. 56(2)(vii)(b) without referring valuations of property to DVO cannot be sustained
ITAT Ahmedabad held that addition under section 56 (2) (vii) (b) of the Income Tax Act without referring valuations of property to DVO as per the provisions of sec-50C of the Income Tax Act is liable ...
Tax Guru1h
No fair opportunity provided to assessee in explaining addition of 14.74 CR: ITAT restored matter to AO
Assessee filed return of Income at Rs. 3,33,950/- after claiming deductions under chapter – VIA and exempt income. Case was selected for scrutiny. When no compliance was made against the notices ...