Delhi ITAT Deletes ₹23 Lakh Addition U/S 69A, Accepts Tree & Mango Sale Proceeds as Source | Biz Flow Kit
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) removed a Rs 23 lakh addition u/s 69A after considering […]
GST Council May Consider Cutting GST on SMR Components from 18% to 5% | Biz Flow Kit
The GST Council may reduce GST on parts used in Small Modular Reactors (SMRs) from 18% to 5%. This change […]
Gujarat HC Retains GST Levy on Corporate Guarantees, Strikes Down ‘Whichever Is Higher’ Provision | Biz Flow Kit
The Gujarat High Court upheld the GST on corporate guarantees but struck down the ‘whichever is higher’ condition. The Gujarat […]
Govt Revises Clear Float Glass Import Policy with ₹34,000/MT Minimum Price for One Year | Biz Flow Kit
The Government of India has changed the import policy and its conditions regulating imports of Clear Float Glass of thickness […]
SC Upholds Allahabad HC Ruling on ₹90.62 Lakh GST Demand for Lack of E-Way Bill | Biz Flow Kit
The Supreme Court, while upholding the decision of the Allahabad High Court, recently declined to interfere in a case involving […]
Delhi ITAT Deletes Tax Penalty on Salaried Person for Failing to File ITR Even With ₹30 Lakh Income | Biz Flow Kit
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) removed the penalty of Rs. 3,74,072 levied on a salaried […]
Objections to Draft Assessment Order Must Be Filed Before Both DRP and AO | Biz Flow Kit
The Allahabad High Court at Lucknow has said that objections to a draft assessment order u/s 144C of the Income […]
IT Department Verifies Suspicious Foreign Remittances | Biz Flow Kit
As per the ground intelligence and data analysis of outward foreign remittances, the income tax department had identified various suspicious […]
ESOP Buy-Backs Under The Taxman’s Lens | Biz Flow Kit
Summary: The Income-tax Appellate Tribunal has clarified that consideration received on the buy-back of vested but unexercised stock options is […]
Delhi (PB) GSTAT Sustains ₹14.26 Lakh Anti-Profiteering Demand; Theatres Can’t Raise Ticket Prices to Offset GST Reduction | Biz Flow Kit
The New Delhi Principal Bench of the Goods and Services Tax Appellate Tribunal (GSTAT) has said that theatres cannot keep […]