Present appeal filed by assessee arises out of order dated 23/02/2024 passed by NFAC, Delhi [hereinafter “the Ld.CIT(A)”] for AY 2014-15, on following grounds of appeal:- “1. ” Whether on the facts ...

The present appeal has been filed by the Assessee against the order of the Ld. Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (hereinafter referred to as “NFAC”), Delhi ...

The Registrar of Companies, Coimbatore has passed an adjudication order imposing penalties for violation of Section 203(5) of the Companies Act, 2013 due to failure to appoint a whole-time Company ...

ITAT ruled that the AO’s omission to apply TDS provisions on freight charges warrants revision. Proper application of statutory disallowances is mandatory in reassessment ...

The issue was whether a penalty can survive when the notice does not specify the exact charge. The Tribunal held that a vague notice vitiates the entire penalty proceedings, even where AMT liability ...

The Customs Authority for Advance Ruling, Mumbai examined an application filed by an Indian company engaged in manufacturing solar photovoltaic modules, seeking an advance ruling on eligibility for ...

Silver futures surged on import duty hike rumours, creating an unprecedented premium. The issue highlights risks of information leakage and the need for swift regulatory ...

Unauthorised documents claiming official guidance are being circulated among professionals and auditees. The advisory clarifies these communications are false, have no legal standing, and must not be ...

A consultation paper proposes expanding sustainable finance rules in GIFT IFSC. It introduces sustainable deposits and stronger governance for green lending and ...

The notification exempts specified grant and interest income from tax. The benefit is conditional on non-commercial activities and proper return ...

The Tribunal found that key evidences furnished by the assessee were not adequately considered by lower authorities. The issue was restored to ensure fair examination and compliance with natural ...

The consultation paper proposes strict oversight of algorithmic trading to curb volatility, manipulation, and system risks. The key takeaway is enhanced accountability and transparency without ...