Bangalore recently ruled on the case of Naragund Taluka Prathamika Shiksa Shiksakiyar Co-op. Credit Society Ltd. Vs ITO, concerning the eligibility of interest income for deduction under Section 80P(2 ...

Previously, the court had mandated that assessees deposit 10% of the disputed tax upon filing an appeal and an additional 20% for the impugned order to be stayed. However, a subsequent notification ...

Calcutta High Court has granted interim relief in the case of Mukul Lahiri v. A. Ray, staying the enforcement of a tax demand issued by the Appellate Authority. The petitioner challenged the order ...

The case arose when the Assessing Officer (AO) reopened the assessment under Section 147, based on information from the Investigation Wing that the assessee allegedly received accommodation entries ...

During the appeal proceedings before ITAT Ahmedabad, the assessee argued that the filing of Form 56F was a procedural requirement and should not override substantive compliance. The form was submitted ...

The case involved the assessment year 2022-23, where the assessee, a public charitable trust, claimed exemption on its total income. The trust obtained Form 10BB on September 29, 2022, and filed its ...

The appeal was filed against an ex-parte order dated February 12, 2024, issued by the Commissioner of Income Tax (Appeals) [CIT(A)] / National Faceless Appeal Centre (NFAC) concerning the assessment ...

As per new guidelines, business owners must obtain a valid PAN card before registering under GST or filing income tax PAN ...

Summary: As the financial year transitions from 2023-24 to 2024-25, businesses must ensure compliance with various GST ...

Ideally the Debt to Income Ratio should be less than 30% i.e your monthly debt repayments should be less than 30% of your ...

The surcharge under Section 115BAC (New Tax Regime) and the Old Tax Regime differs in terms of applicability and rates. Under the new tax regime, the surcharge is applicable on total income exceeding ...

Securities and Exchange Board of India (SEBI) has introduced industry standards to streamline compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, ...