• DGFT

DGFT clarifies applicability of restriction on silver jewellery import by units in SEZs

3 months ago

DGFT Clarification on applicability of restriction imposed on silver jewellery import by units located in Special Economic Zones (SEZs) Government…

  • Income Tax

Information gathered in an illegal search can’t be used in an illegal proceeding

3 months ago

Even if search held invalid, information or material gathered may be relied upon by revenue only in a proceeding which…

  • Excise/Custom

FAQs on new merged Customs notification dated 24.10.2025 & consequential amendments 

3 months ago

FAQs on the new merged Customs notification dated 24.10.2025 and consequential amendments  CBIC has issued Notification No. 45/2025-Customs dated 24.10.2025…

  • Income Tax

Amendment to section 50C w.e.f. 01.04.2019 to apply retrospectively w.e.f. 01.04.2003

3 months ago

Amendment to section 50C w.e.f. 01.04.2019 was to apply retrospectively w.e.f. 01.04.2003, when the section 50C was brought into statute…

  • Income Tax

Approval u/s 153D has to be granted for each assessment year. Single approval vitiated law

3 months ago

Approval u/s 153D has to be granted for each assessment year. A single approval granted for all AYs held as…

  • Income Tax

Prosecution u/s 276C(2) quashed as assessee had not paid tax with ITR but later deposited it

3 months ago

Prosecution u/s 276C(2) quashed as the assessee had though not paid due income tax along with return but later deposited…

  • Income Tax

In slump sale acquisition, to claim depreciation, WDV in books of seller immaterial

3 months ago

In slump sale acquisition, purchaser to claim depreciation on lump sum consideration irrespective of WDV in the books of accounts…

  • Income Tax

India & Qatar enters DTAA & Protocol for prevention of fiscal evasion of taxes

3 months ago

Agreement and Protocol between the India and Qatar for avoidance of double taxation and prevention of fiscal evasion with respect…

  • Income Tax

Under presumptive taxation u/s 44AD, assessee could not have maintained sales bills – ITAT

3 months ago

Under presumptive taxation u/s 44AD, assessee could not have maintained sales bills and bank statement, bank balance and gross receipt…

  • Income Tax

Amalgamation does not take away right of income tax to proceed against transferee company

3 months ago

Amalgamation order does not take away right of income tax department to proceed against the transferee company, In a recent…