News

Emcure Pharmaceuticals has received multiple orders levying an aggregate penalty amounting to Rs 57.73 crore for the FYs 2014-15 to 2020-21.

Emcure Pharmaceuticals Receives Multiple Income Tax Orders Imposing Rs 57.73 Crore Penalty; Company Evaluates Legal Remedies

Judgement

The ITAT dismisses revenue appeal on low tax effect in Section 69B read with Section 115BBE dispute.


ITAT Rules CBDT Monetary Limit of Rs.60 Lakh Applies Where Section 115BBE Is Inapplicable to Business Income

The ITAT Delhi held CIT(A) must adjudicate legal and jurisdictional grounds before remanding assessment.


ITAT Delhi Remands Reassessment Appeals to CIT(A) for Failure to Decide Jurisdictional Grounds

Maruti Suzuki receives a Rs 149.64 million FY23 tax penalty order and plans to appeal, while saying the financial impact is likely to be insignificant.

Maruti Suzuki India Receives Rs 149.64 million Income Tax Penalty Order for FY23, Says Financial Impact Likely to Be Insignificant

NCERT’s new Class 9 textbook introduces income tax, personal finance, investing, saving and budgeting under the new tax regime.

NCERT Introduces Income Tax Lessons in Class 9, Students to Learn New Tax Regime, Tax Slabs and How to Calculate Tax Liability

The ITAT Delhi deletes Rs 1.50 crore section 68 addition on demonetisation cash deposits of liquor retailer.

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Emcure Pharmaceuticals Receives Multiple Income Tax Orders Imposing Rs 57.73 Crore Penalty; Company Evaluates Legal Remedies

ITAT Rules CBDT Monetary Limit of Rs.60 Lakh Applies Where Section 115BBE Is Inapplicable to Business Income

ITAT Delhi Remands Reassessment Appeals to CIT(A) for Failure to Decide Jurisdictional Grounds

Maruti Suzuki India Receives Rs 149.64 million Income Tax Penalty Order for FY23, Says Financial Impact Likely to Be Insignificant

NCERT Introduces Income Tax Lessons in Class 9, Students to Learn New Tax Regime, Tax Slabs and How to Calculate Tax Liability

ITAT Rules Controlled Liquor Trade And Audited Sales Records Support Cash Deposits