Delhi HC directs DGFT to reconsider
Kaka Gold LLP Vs Director General of Foreign Trade & Ors. (Delhi High Court) Writ petitions were filed challenging the minutes of meeting held on 08.11.2024, though which TRQ (Tariff…
ICAI Announces 25th Regional Council Election Results
Institute of Chartered Accountants of India (ICAI) has released the election results for its 25th Regional Councils. The notification, issued on December 27, 2024, lists elected members for five regional…
CoC has to take final call with regard to resolution plan or modification thereof: NCLAT Delhi
Meenakshi And Kushal Goyal Vs Amit Agarwal (NCLAT Delhi) NCLAT Delhi held that resolution professional needs to place the resolution plan after incorporating directions by Hon’ble Supreme Court before CoC…
Belated appeal before CIT(A) dismissed without an opportunity of being heard not justified
Balappa Hanamantappa Nandeppanavar Vs ITO (ITAT Bangalore) ITAT Bangalore held that dismissal of appeal by CIT(A) merely because the same was filed belatedly not justified as CIT(A) failed to grant…
Cost imposed on assessee for negligence in diligently prosecuting appeal before CIT(A): ITAT Ahmedabad
Sarojben Lalitbhai Vadhani Vs ITO (TAT Ahmedabad) ITAT Ahmedabad restored the matter back to the file of CIT(A) after imposing cost of Rs. 5,000 on the assessee for negligence in…
Weekly Newsletter from CBIC Chairman dated 28th October, 2024
The Central Board of Indirect Taxes & Customs (CBIC) recently launched a nationwide Behavioral Sensitization Program to strengthen the professional sensitivity and responsiveness of its workforce. Under Mission Karmayogi’s values,…
Penalties and or repercussions under Income Tax Act, 1961
Many times common man don’t know the repercussions of misreporting of income and or tax under the Income Tax Act, 1961. Our minds are still running in the era of…
Key Tax Rulings from Kolkata ITAT: Part 1 Analysis
This article provides an analysis of notable tax rulings from the Kolkata Income Tax Appellate Tribunal (ITAT) covering key issues such as disallowance of short-term capital losses under Section 50C,…
HC grants interim protection to assessee against coercive action due to proposed amendment on ITC claim time limit
Case Name : Cart Infralog Limited & Anr. Vs Assistant Commissioner of CGST & CX. Ballygunge Division & Ors. (Calcutta High Court) Appeal Number : WPA 15304 of 2024 Date…
Large Orders in the Market: Catalysts for Spread Expansion
#AD Ever wonder how a single large trade can shake up the entire cryptocurrency market? It’s like dropping a pebble in a calm pond—the ripples are far-reaching. Large orders can…