Circulars Listed Companies Segment: General Subject: Introduction of the single filing system through API-based integration between Stock Exchanges This is in reference to the SEBI’s consultation ...

ITAT Jodhpur restored the matter back to AO to examine the registration status under section 12AA vis-à-vis applicability of exemption under section 11 and section 12 of the Income Tax Act.

ITAT Pune held that appellants’ failure to furnish information/documents during the course of pendency of re-assessment proceedings and failure to comply with notice due to COVID-19 restriction is ...

ITAT Ahmedabad held that invocation of revisionary jurisdiction under section 263 of the Income Tax Act not justified as view taken by PCIT was second view and the same is not permissible u/s. 263.

Madras High Court remitted the matter back for fresh consideration in the matter of denial of Input Tax Credit (ITC) on Zero ...

Madras High Court sets aside the bunching of show cause notices issued for separate years and directed to issue separate notices for each assessment years so that petitioner can avail benefit of ...

Karnataka High Court held that since rectification application was filed before passing of final assessment order, DRP ought to have waited till disposal of rectification application. Thus, final ...

CESTAT Bangalore held that there is no requirement to make declaration of MRP in bill of entry under notification no. 21/2012-Cus. Dated 17.03.2012 granting exemption of 4% of SAD.

ITAT Bangalore held that hearing notices sent by CIT (A) was not received by the assessee since notices were sent to old auditor’s email ID. Thus, non-appearance was neither wilful nor wanton hence ex ...

G. The ITC reversed during FY 2023-24 (upto July 2023 for monthly filers and April – June 2023 period for quarterly filers), FY 2022-23 or in any previous financial year and pending for reclaim is ...

Regulation 11 of the Warehouse (Custody and Handling of Goods) Regulations, 2016 requires a licensee to file monthly returns.

The government is making efforts to facilitate online uploads of all return forms and e-forms for businesses and other entities. However, the overlapping deadlines are causing significant difficulties ...