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

News

NU Vista Limited, a wholly owned subsidiary of Nuvoco Vistas Corporation, has received a show cause notice proposing a Rs 24.98 crore tax demand for FY 2022-23.

NU Vista Receives Rs 24.98 Crore Tax Demand Show Cause Notice for FY 2022-23 Over Yield Calculation and Moisture Loss

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

Ramco Systems’ Philippines subsidiary RSI has settled its FY 2022-23 tax matter by paying a final demand of PHP 3 Mn, significantly lower than the original PHP 72.40 Mn demand.

Ramco Systems’ Philippines Subsidiary Settles Tax Demand at PHP 3 Mn Against Original PHP 72.40 Mn Claim

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

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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

NU Vista Receives Rs 24.98 Crore Tax Demand Show Cause Notice for FY 2022-23 Over Yield Calculation and Moisture Loss

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

Ramco Systems’ Philippines Subsidiary Settles Tax Demand at PHP 3 Mn Against Original PHP 72.40 Mn Claim

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