Specific notice required if CIT(Exemption) intends to travel beyond three years expenditure as prescribed in Rule 11AA(g) – ITAT In a recent judgment, the ITAT Surat held that if CIT(Exemption) intends to travel beyond three years expenditure as prescribed in Rule 11AA(g), he should have issued specific show …

EWB generation facility for goods under Chapter 71 withdrawn. Clarification on E-Way Bill Requirement for Goods under Chapter 71 – GSTN Advisory EWB generation facility for goods under Chapter 71 withdrawn Rule 138(14) of the Central Goods and Services Tax (CGST) Rules, 2017, read with its Annexure S.Nos. …

Reassessment order travelling beyond Show Cause Notice quashed by High Court as assessee was not put on notice of the intended provision In a recent judgment, the Hon’ble Madras High Court has quashed reassessment order passed u/s 147 of the Income Tax Act, 1961 (the Act) holding that …

Penalty u/s 271D deleted due to ‘reasonable cause’ as assessee belonged to Schedule Tribe and income earned by him was exempt u/s 10(26) of the Act. In a recent judgment, the ITAT Guwahati deleted penalty u/s 271D for violation of section 269SS observing that there was a ‘reasonable …

SEBI issues guidelines for safer participation of retail investors in Algorithmic trading. Safer participation of retail investors in Algorithmic trading. Any order that is generated using automated execution logic is known as Algorithmic Trading. Generally, the features of algorithmic trading (‘algo  trading’) include  using  a  defined  set  of …

Application invited for empanelment of advocates in Income Tax Department Gujarat Income Tax Department Gujarat has invited applications from practicing advocates to represent the Income tax department, Gujarat before the Courts of Sessions and its Subordinate Courts in Prosecution cases. Applications have been invited from practicing advocates, having …